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 |
Open | 3254.490 |
High | 3264.180 |
Low | 3250.530 |
Close | 3263.910 |
Change(Points) | +21.270 |
% Change | +0.66 |
Volume | 1913.0M |
Rise | 248 |
Fall | 146 |
Unch | 731 |
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 1 | 3260 |
Support 2 | 3255 |
Support 3 | 3250 |
Resistance 1 | 3269 |
Resistance 2 | 3272 |
Resistance 3 | 3280 |
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 Name | CMP | %change | Scrip Name | CMP | %change |
Jardine C&C | 44.47 | 2.21 | Olam Intl | 2.49 | -1.19 |
Noble | 1.39 | 2.21 | CapitaMall Trust | 1.95 | -0.51 |
Ascendas Reit | 2.32 | 1.75 | ST Engineering | 3.81 | 0.26 |
ComfortDelGro | 2.5 | 1.63 | Keppel Corp | 10.74 | 0.28 |
JSH 500 USD | 36.8 | 1.29 | OCBC Bank | 9.48 | 0.32 |
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).