SGX Singapore Stocks & Forex Live Picks
SGX Stock Live Market Updates
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Publish date: Thu, 26 Apr 2012, 07:56 PM
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Singapore Market Review
Singapore share prices opened higher on Thursday with the Straits Times Index up 2.03 points to 2,981.81.Volume was 297.1 million shares worth S$81.3 million.
Singapore stocks slipped by midday, bucking the trend in other Asian bourses as losses in blue chip. Singapore, industrial output fell 3.4 % in March, compared to the same month last year.
Electronics output shrank 16 % while output from the biomedical sector fell 3.3 %, partly due to a 6.3 % contraction in pharmaceuticals.
Singapore share prices closed stronger on Thursday with the Straits Times Index up 1.69 points to 2,981.47.Volume was 3.58 billion shares worth $1.12 billion.
SGX Stock Tomorrow
Today STI trades is a positive range , range was not wide from yesterday it able to crossed its 50 day MA level but closed below this level.
Markets took support level @ its 2960 and today it maintain that level and trades above that support line and made a day high of 2989.59 which is higher than the yesterdays high , and crossed its 50 day MA level but closed below that level.
STI is trading in a consolidation phrase and its range is 2940-3035, so whenever it will not crossed either side we can't expect any big move.
STI Support for tomorrow
STI having nearest support @ 2960 level and below this level it can take support @ 2945-2925 level is the major
support zone.
STI Resistance for Tomorrow
STI having Resistance @2990 and above this level it may take resistance @ 3000-3015 levels.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
