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SGX Singapore : STI Technical Analysis 19 Aug
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Publish date: Tue, 19 Aug 2014, 08:05 PM
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Market Review for STI:
Singapore share prices opened higher with the Straits Times Index up 6.25 points to 3,319.03. Prices formed a inverted hammer pattern for the day, which let prices to rebound.
| STI Day Performance | |
| Open | 3318.68 |
| High | 3326.69 |
| Low | 3313.47 |
| Close | 3315.03 |
| Change(Points) | 3.650 |
| % Change | 0.11% |
| Volume | 1733.2M |
| Rise | 227 |
| Fall | 163 |
| Unch | 725 |
Market forecast for STI:
Prices ended higher at 3316.43 and Market stood at resistance level 3307. It is expected to rebound on completion of rounding bottom pattern.
Prices ended higher at 3316.43 and Market stood at resistance level 3307. It is expected to rebound on completion of rounding bottom pattern.
| STI LEVELS | |||||
| Support 1 | Support 2 | Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
| 3306 | 3296 | 3281 | 3326 | 3338 | 3351 |
Technical indicators:
RSI is above the centre line at 59.568 and CCI is at 78.358.
| Top Gainers | Top Losers | ||||
| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| SEMBCORP IND | 5.17 | -1.15 | CAPITALAND | 3.36 | 2.13 |
| GOLDEN AGRI-RES | 0.52 | -0.95 | THAIBEV | 0.65 | 1.56 |
| COMFORTDELGRO | 2.48 | -0.8 | OCBC BANK | 10.31 | 1.08 |
| JMH 400 USD | 60.71 | -0.54 | CAPITAMALL TRUST | 1.995 | 0.76 |
| JSH 500 USD | 36.48 | -0.44 | HPH TRUST USD | 0.71 | 0.71 |
| SEMBCORP IND | 5.17 | -1.15 | |||
- Singapore's Oversea-Chinese Banking Corp (OCBC) said yesterday it plans to raise S$3.37 billion (RM8.53 billion) in a rights issue to boost its balance sheet following its takeover of Hong Kong's Wing Hang Bank.
- LOCAL payment performance deteriorated further in the Q2 of this year, according to the latest statistics from the Singapore Commercial Credit Bureau (SCCB), since Q3 2013, overall payment promptness of local firms fell sharply below the 50% mark in Q2 2014.
- Olam International on Monday announced that it was selling a 25% stake in its packaged food business to Japanese noodles manufacturer Sanyo Foods for US$187.5 million.
- Nam Cheong announced its entry into a joint venture (JV) with smaller shipping firm, Marco Polo Marine, to invest in and operate vessels together.
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