Singapore SGX - STI Technical Outlook 22-26 Sept

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Publish date: Fri, 26 Sep 2014, 08:07 PM

Weekly wrap of STI::
STI opened lower and closed lower this week. It had a gap down opening today at 3276.84 and shares finished the day higher with Index up 1.22 points to close at 3,292.21.There was a positive move seen in the market and also the index took strong support at 3280 .The high of the day was marked at 3293.33 and the low of the day was marked at 3271.77.From last two weeks the index is down due to economic issue and the data releases for Singapore.

STRAIT TIMES WEEKLY WRAP
Open	3307.31
High	3312.43
Low	3271.77
Close	3292.21
Change(Points)	-12.84
% Change	-0.39%

Market Forecast for week ahead:
With the week's closing and the trend we may expect STI to be bullish in coming week. As the support of 3280 is found out to be the strong support market will soon recover.

Weekly Technical view on STI
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3253	3222	3100	3308	3340	3380

Technical Indicators:
RSI is at 52 and CCI is at -27 .MACD is indicating the level of 30.77.

Important Factor for today:-

HDB launched 4,630 new flats under the September 2014 Build-To-Order (BTO) exercise. These flats are spread across six projects located in the non-mature towns of Bukit Batok, Hougang and Jurong West, and the mature town of Kallang Whampoa.
Total live-births decreased by 6.9 per cent from 42,663 in 2012 to 39,720 in 2013. The number of resident births (i.e. births with at least one parent who is a Singapore citizen or permanent resident) also fell by 7.7 per cent from 38,641 in 2012 to 35,681 in 2013. Reflecting the lower number of births, Singapore's resident total fertility rate declined from 1.29 births per female in 2012 to 1.19 births per female in 2013...
As at end-June 2014, there were 3.87 million residents, comprising 3.34 million Singapore citizens and 0.53 million permanent residents. Including the 1.60 million non-residents, Singapore's total population was 5.47 million...
Data centre operator IO is just the kind of company Singapore wants to see in its future as cost pressures erode its competitiveness in the traditional low-end manufacturing that once helped make it an "Asian Tiger" economy.
Singapore eDevelopment is planning to issue listed and secured perpetual bonds of up to $300 million with an 8% annual coupon and a share of annual profits of property development projects to be funded, as well as a 100-to-one consolidation of its shares, to accelerate its strategy for corporate recovery.
Singapore mutual fund investors want a stream of income from their investments and have a stronger home bias than regional investors. These were the main takeaways from an online survey of 300 investors here, commissioned by Prudential's Asia asset management arm East spring Investments.

Sector Allocation Chart by VOLUME

Top GAINERS% Sector (over 5 Trading Days)

SECTOR	RISE	FALL	UNCH
PROPERTIES	16	30	36
MULTI-INDUSTRY	5	5	6
CONSTRUCTION	10	15	17
COMMERECE	12	25	62
HOTELS/RESTAURENTS	6	4	7
TRANSPORT	8	18	22
FINANCE	4	18	25
MANUFACTURING	37	63	154
SERVICES	37	42	73
AGRICULTURE	1	1	7
MINING	4	4	4

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