Singapore Stock Market Technical Analysis View

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Publish date: Wed, 30 Apr 2014, 09:10 PM

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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