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SGX : STI Technical Analysis Reprot 21 July

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Publish date: Mon, 21 Jul 2014, 07:53 PM
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Market Review for STI:
Singapore shares opened higher, with Straits Times Index at 3,313.83 in early trade, up 0.11 per cent. The equity markets had a good start today after Malaysian Airlines flight MH17 crashed near the Ukraine-Russia border. STI managed to end the day in positive territory at 3314.27 points. Closes higher than the previous day close. High and low was observed at 3320.25 & 3309.17.
STI Day Performance
Open
3313.83
High
3320.35
Low
3309.17
Close
3314.27
Change(Points)
+3.74
% Change
+0.11%
Volume
1528.8M
Rise
203
Fall
181
Unch
401
Market forecast for STI:
STI formed a green doji indecisive candlestick which is indicating indecision for buying and selling. The next candle formation can confirm whether the index will move up or consolidate. We may expect a bullish trend as per indicators.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3300
3285
3270
3325
3340
3350
Technical indicators:RSI is at 63.932, CCI is at 159.01 .MACD is at 4.15.
Top Gainers
Top Losers
Scrip Name
CMP
% change
Scrip Name
CMP
% change
Olam Intl
2.48
1.64
Jardine C&C
46.09
-1.14
CapitaLand
3.29
0.92
ST Engineering
3.74
-0.8
ComfortDelGro
2.58
0.78
SIA Engineering
5.1
-0.39
JSH 500 USD
36.2
0.69
Genting Sing
1.32
-0.38
SIA
10.55
0.57
Global Logistic
2.75
-0.36
Important Factor for today:-
  • The tourism receipt tally in Singapore rose to $6 billion in the first quarter of 2014, a five per cent increase on the same period last year.
  • Golden Agri-Resources, the Singapore-listed holding company of crude palm oil producer PT Sinar Mas Agro Resources and Technology (SMART), has invited Spain-based Compania Espanola de Petroleos (Cepsa) to produce and sell fatty alcohol.
  • Sembcorp Marine's wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about $600 million from Saipem SA, France for the conversion of Two FPSOs for the Kaombo Project in Offshore Angola.
  • UOB's economic-treasury research division says in a note today that these geo-political tensions could continue to negatively impact markets.
  • CapitaCommercial Trust (CCT) reported 2Q14 distributable income of S$64.1m - 7.6% higher YoY. This cumulates to an YTD distributable income of S$124.0m, which is within expectations and makes up 51.0% of our FY14 forecast.
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