Market Review for STI:
STI took a correction after a steep downfall and opened at 3283.22 and closed at 3296.48, total positive change of 23 points was there and the high of the day was marked at 3299.64. shares rebounded following a firmer Wall Street and hopes that the US Federal Reserve will adhere to its dovish stance.The Fed, which will conclude a two-day policy meeting on Thursday (Singapore time), has held the rate close to zero for more than five years, and stocks have surged against that backdrop.STI Day Performance |
Open | 3283.22 |
High | 3299.64 |
Low | 3283.12 |
Close | 3296.48 |
Change(Points) | +23.86 |
% Change | +0.73 |
Volume | 1341.7M |
Rise | 266 |
Fall | 133 |
Unch | 728 |
Market forecast for STI:
A slower up pace is been seeing in the market which is indicating bullishness for the market .We may expect the same in coming trading session.
STI LEVELS |
Support 1 | Support 2 | Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
3282 | 3270 | 3260 | 3310 | 3325 | 3340 |
Technical indicators: RSI is down and is at 40.If RSI goes above 50 then the bullish trend may form.
Top Gainers | Top Losers |
Scrip Name | CMP | %change | Scrip Name | CMP | %change |
GENTING SING.SG | 1.12 | 2.28 | COMFORTDELGRO.SG | 2.46 | -1.99 |
CITYDEV.SG | 9.79 | 1.98 | THAIBEV.SG | 0.72 | -0.69 |
NOBLE.SG | 1.365 | 1.87 | CAPITAMALL TRUST.SG | 1.95 | -0.26 |
HONGKONGLAND USD.SG | 6.86 | 1.48 | SIA ENGINEERING.SG | 4.56 | -0.22 |
HPH TRUST USD.SG | 0.7 | 1.45 | UOB.SG | 22.54 | 0.13 |
Important Factor for today:-On a year-on-year basis, NODX rose by 6.0 per cent in August 2014, compared to the 3.3 per cent decrease in the previous month, due to the increase in non-electronic NODX which outweighed the decline in electronic NODX. On a y-o-y basis, NODX to all of the top 10 NODX markets, except Hong Kong, Japan and Thailand, rose in August 2014.
XPRESS Holdings warned its shareholders of a significant net loss for FY2014. The group added that this is mainly attributed to the recoverability issue relating to its receivables and impairment of goodwill.
Keppel Corporation announced that its subsidiary Keppel FELS has secured a fifth jack up contract from Qatar's Gulf Drilling International (GDI) for US$227 million, scheduled for delivery in the first quarter of 2016. As part of the contract, GDI has options for two more KFELS B Class rigs for deliveries in 2017.
Magnus Energy Group announced the resignation of its managing director Lim Kuan Yew, after six-and-a-half-years in this position at the company, to pursue personal ventures and businesses. The resignation takes effect on Sept 30.