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Singapore SGX Daily Technical Analysis Report 1 July

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Publish date: Tue, 01 Jul 2014, 08:21 PM
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Following Message
Market Review for STI:
STI opens 8 points down at 3255.650. It made a high of 3256.370 and low of 3234.060. The closing is observed at 3242.640. Index is below 50 days EMA. Some 1.84 billion shares valued at S$765.7 million changed hands. Asian markets were mostly higher after data showed Chinese manufacturing activity picking up last month, while Tokyo was boosted by a weakening yen despite a dip in business confidence.
STI Day Performance
Open3255.650
High3256.370
Low3234.060
Close3242.640
Change(Points)-13.030
% Change-0.40
Volume1822.6M
Rise171
Fall205
Unch749
Market forecast for STI:
The red candle is formed as market opens lower and also closed at lower levels. This bearishness in market is expected to continue till some favourable data is expected.
Technical indicators:
RSI is below the centre line and is at 38.486. CCI is at -171.73. The 20 days EMA is at price level of 3269.665 and 50 days EMA at 3255.458.
STI LEVELS
Support 13252
Support 23250
Support 33248
Resistance 13244
Resistance 23248
Resistance 33250
Important Factor for today:-
  • THE Personal Data Protection Act (PDPA) comes into full effect in Singapore on July 2, after an 18-month transition period for firms and organisations to get up to speed on the new rules. These rules govern how companies collect, use and protect personal data.
  • TEMASEK Holdings has committed to contribute $60 million to Temasek Cares' endowments, increasing their total endowment from $229 million to $289 million.
  • PRIVATE home prices fell 1.1 per cent in the second quarter of this year over the previous quarter, shows Urban Redevelopment Authority's flash estimates released on Tuesday. This marks the third consecutive quarter-on-quarter drop in URA's widely-watched private home price index.
  • European stock markets advanced on Tuesday, with French bank BNP Paribas higher after agreeing to pay a huge fine and miners leading the way in London after well-received Chinese data.
Top Gainers Top Losers
Scrip NameCMP%changeScrip NameCMP%change
JSH 500 USD36.331.68Olam Intl2.52-2.33
JMH 400 USD59.680.62Golden Agri-Res0.545-1.8
DBS16.810.36Jardine C&C43.51-1.7
SIA Engineering5.060.2ComfortDelGro2.46-1.6
UOB22.51-0.04CapitaLand3.16-1.25
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