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Singapore Stock Market Technical Analysis View

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Publish date: Wed, 30 Apr 2014, 09:10 PM
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Market Review for STI:
Singapore Stock opened higher today where STI was up by 11.61 points to 3249.35 as it was a gap up opening after yesterday's gap down opening. STI took the up move later and made a high of 3267.83 and gave closing at 3264.71.
STI Day Performance
Open
3249.35
High
3267.83
Low
3248.62
Close
3264.71
Change(Points)
26.97
% Change
0.83
Volume
1651.6M
Rise
190
Fall
198
Unch
688
Market forecast for STI:
STI formed a long green candle for the day with a little upper shadow. Today STI took a movement of almost 16 points. Marubozu pattern was formed for the day. Hence performing in a consolidate phase.
Technical indicators:
RSI is just above the centre line @62.35. Where CCI is @ 69.74
STI LEVELS
Support 1
3255
Support 2
3244
Support 3
3230
Resistance 1
3275
Resistance 2
3288
Resistance 3
3299
Important Factor for today:-
  • Important Factor for today:-
  • New housing loan applications down by 45% on YOY basis.
  • Mapletree will acquire 49% stake in Oakwood Asia Pacific in a joint venture to target and acquire service apartment business in Asia.
  • Data for unemployment published for 1Q2014 with a rise of 2.1 % in unemployment rate where it was 1.8% in Dec2013.
  • Bank lending in Singapore grew a bit faster by 0.6% in march as total loans grew to S$ 587.7 billion in March.
  • 11% of gain posted by Yangzijiang Shipbuilding for 1Q2014 whereas net profit attributable to shareholder rose to 799.2million Yuan, as revenue grew 24% to 3.6 billion Yuan.
Top Gainers
Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
Noble 1.285 3.21 CityDev 10.83 -2.17
UOB 21.76 2.74 JSH 500 USD 35.7 -1.11
Global Logistic 2.85 2.52 SIA Engineering 4.79 -0.83
OCBC Bank 9.65 1.9 ST Engineering 3.82 -0.78
Golden Agri-Res 0.61 1.67 Sembcorp Ind 5.37 -0.56
Market Review for KLCI:
KLCI opened flat today at 1859.32 at the same level as of yesterday's closing and made a high of 1871.52 and gave closing to the same level it formed a green candle for the day.
KLCI Day Performance
Open
1859.32
High
1871.52
Low
1857.07
Close
1871.52
Change(Points)
12.18
% Change
0.66
Volume
1506.8M
Rise
362
Fall
419
Unch
1380
Market forecast for KLCI:
A long green candle was formed for the day with a long real body and a short lower shadow today KLCI touched a four months high of 1871 and is trading at the peck point.
KLCI LEVELS
Support 1
1850
Support 2
1835
Support 3
1880
Resistance 1
1890
Resistance 2
1905
Resistance 3
1850
Technical indicators:
The technical indicators are strong on the chart as RSI is at 63.80 & CCI is at 124.84
Top Gainers
Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
ASTRO 3.33 4.06 PCHEM 6.73 -1.03
DIGI 5.54 2.78 SKPETRO 4.31 -0.46
TM 6.2 2.48 IOIPG 2.68 -0.37
IOICORP 5 2.46 UMW 10.76 -0.37
MAYBANK 9.9 1.85 GENTING 9.8 -0.3
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