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SGX Stock Market Technical Review

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Publish date: Wed, 02 Jul 2014, 07:42 PM
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Market Review for STI:
STI up by 11 points and opened at 3254.490.Asian stocks rose, with the regional index extending gains from a six-year high, after reports showing manufacturing expansion in the world's two biggest economies sent U.S. equity gauges to records. Close for the day was observed at 3263.910 and the high and low at 3264.180 & 3250.530.Market today was at a good pace, many of the Asian counters are on higher levels.
STI Day Performance
Open3254.490
High3264.180
Low3250.530
Close3263.910
Change(Points)+21.270
% Change+0.66
Volume1913.0M
Rise248
Fall146
Unch731
Market forecast for STI:
After the downfall from the level of 3300 to 3250, market reversed its trend and stated moving up. This level of rise would indicate a bullish trend in the market. We may expect buying in it.
STI LEVELS
Support 13260
Support 23255
Support 33250
Resistance 13269
Resistance 23272
Resistance 33280
Technical indicators:
RSI is near to centre line and is at 48.058; CCI is at -83.285.The 20days EMA &50 days EMA is at 3269.117&3255.790.
Top Gainers Top Losers
Scrip NameCMP%changeScrip NameCMP%change
Jardine C&C44.472.21Olam Intl2.49-1.19
Noble1.392.21CapitaMall Trust1.95-0.51
Ascendas Reit2.321.75ST Engineering3.810.26
ComfortDelGro2.51.63Keppel Corp10.740.28
JSH 500 USD36.81.29OCBC Bank9.480.32
Important Factor for today:-
  • BBR Holdings has secured a $196 million contract to construct a new hall of residence at Nan yang Technological University (NTU).
  • Asian stocks rose, with the regional index extending gains from a six-year high, after reports showing manufacturing expansion in the world's two biggest economies sent U.S. equity gauges to records.
  • Singapore's Frasers Centre point (FCL), a company backed by Thai billionaire Charoen Sirivadhanabhakdi, has reached a deal to buy Australia's Austral and Property Group for about A$2.6 billion ($3.07 billion).
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