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STI & KLCI Daily Technical Outlook for 03-July

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Publish date: Thu, 03 Jul 2014, 08:25 PM
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Market Review for STI:
STI opened up by 1.51 points to 3265.420. SGX's latest market statistics showed that total value of securities traded fell 12 per cent to S$20.5 billion in June from a month earlier. The decline is at a steeper 37 per cent compared to the same period last year. Securities market turnover for SGX Chinese-listed companies was also up 18 per cent year-on-year to S$1.5 billion in June, an increase of 35 per cent from the previous month.
STI Day Performance
Open3265.420
High3280.880
Low3265.420
Close3273.150
Change(Points)+9.240
% Change+0.28
Volume2134.1M
Rise237
Fall161
Unch697
Market forecast for STI:
Minor downtrend trend seems to reverse and may go up though the market statistics are not favourable but will not impact much in short duration.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3262
3250
3235
3282
3295
3310
Technical indicators:
RSI is at centre line @51.583 & CCI is at -13.528 .The 20 &50 days EMA is at 3269.501 & 3256.471.
Top Gainers Top Losers
Scrip NameCMP%changeScrip NameCMP%change
UOB23.081.85SIA10.4-0.86
ThaiBev0.631.61Genting Sing1.33-0.75
Olam Intl2.521.21JSH 500 USD36.56-0.65
Golden Agri-Res0.5550.91Sembcorp Ind5.37-0.56
DBS17.020.77ComfortDelGro2.49-0.4
Important Factor for today:-
  • Singapore exchange reported that volume of securities traded on the bourse has slipped in June while trading in derivatives and commodities continued to increase with enough volume for SGX rubber futures and iron ore offerings.
  • Purchasing Manager Index (PMI) recorded 50.5 points, slipped from 50.8 in May and the six month high of 51.1 in April.
  • Monetary Authority of Singapore will stop issuing S$10,000 (US$8,000) notes to resolve the risk associated with large value cash transactions and high-value notes.
Market Review for KLCI:
Malaysian share prices opened slightly lower with KLCI down to 1.38 points to 1885.46. KLCI ended 1.85 points higher 1888.690 on bargain hunting activities. As per the economists the Malaysian economy can grow by 5.25% in H2 2014 and may put trajectory on financial instruments on stronger GDP data.
KLCI Day Performance
Open1885.46
High1891.1
Low1884.77
Close1888.69
Change(Points)1.850
% Change0.10%
Volume1791.5M
Rise440
Fall377
Unch820
Market forecast for KLCI:
Share prices movement took privilege from buyer's sentiments over sellers in green market. Today, it opened and ended higher on breaking previous week's shorter down trend. It is anticipated that price could on higher level further.
KLCI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
1875
1865
1850
1900
1910
1925
Technical indicators:
RSI stood below the centre line at 58.524 with its CCI at 102.784. Difference line of MACD performed at 4.246 above its signal line which performed at 4.126.
Top Gainers Top Losers
Scrip NameCMP%changeScrip NameCMP%change
UMW11.282.36PPB14.98-1.45
ASTRO3.471.76BAT66.66-0.69
MISC6.591.39CIMB7.3-0.68
IHH4.430.91FGV4.19-0.47
PBBANK19.90.71TM6.3-0.47
Economic Factors:
  • Ringgit opened lower against the U.S. dollar on lack of buying interest by quoting at 3.2065/2095.
  • The Malaysian economy will grow by 5.25 in H2 2014.
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