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Singapore & Malaysia Stock market Analysis for 22nd April

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Publish date: Mon, 21 Apr 2014, 08:40 PM
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Market Review for STI:
Today STI opened at 3260.78 and made a high of 3264.21 later pressure was seen in the market and it made a low of 3250.91 while closed at 3255.83. There was the volume of 1706.5Million.
STI Day Performance
Open3260.78
High3264.21
Low3250.91
Close3255.83
Change(Points)2.03
% Change0.06%
Volume1706.5M
Rise176
Fall217
Unch679
Market forecast for STI:
A Red candle was formed for the day a Spinning Top candle was formed with a short real body and short upper and lower shadow. As published in our weekly report; that STI would take some corrections, today it formed a red candle for the day and is expected to be in same correction mode for few trading sessions.
Technical indicators:
RSI is above the centre line @72.09 is about to move in overbought level. Where CCI is @ 130.87.
STRAITS TIME LEVELS
Support 1
3245
Support 2
3230
Support 3
3215
Resistance 1
3265
Resistance 2
3280
Resistance 3
3295
Important Factor for today:-
  • CapitaMall Asia made a jump of 2.8% to S$75.3 million in Net Profit for 1Q 2014.
  • RH Perto Gas Investments proposed sale of 49% Stake in RHP for US $ 2.79Million
  • Shares in Catalist listed SHC Capital Asia surged on Monday that it is discussing a sale of its core insurance business.
  • Trading in Chemoil will be suspended from 5 May 2014 as Friday 2nd May will be the last trading for Chemoil. 
Market Review for KLCI:

Today KLCI opened at 1851.61 and took the up move, made a high of 1864.94 and gave closing near to its high at 1862.93 while at the time of opening KLCI opened down with a lower side of 1849.68.
KLCI Day Performance
Open1851.61
High1864.94
Low1849.68
Close1862.93
Change(Points)10.24
% Change0.55%
Volume2608.9M
Rise523
Fall326
Unch1299
Market forecast for KLCI:
A long green candle was formed for the day with a long real body and short upper and lower shadow. As KLCI has recovered from down side and now is in a complete uptrend and looks forward to break its resistance of 1872 in the coming trading days.
Technical indicators:
RSI is above the centre line @62.42 else CCI is @111.71
KLCI LEVELS

Support 1
1852
Support 2
1840
Support 3
1825
Resistance 1
1872
Resistance 2
1885
Resistance 3
1899
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