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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