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SGX Singapore Market Technical Analysis 15th Oct

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Publish date: Wed, 15 Oct 2014, 08:18 PM
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Market Review for STI:
Share prices opened higher today with STI up 7.04 points to 3,201.44. Asian stocks were cautiously up as benign inflation data in china and more gloom in the euro zone economy lent credence to fears of a faltering global economic recovery. High was marked at 3210 and low for the day was marked at 3194.

STI Day Performance
Open
3199.63
High
3210.00
Low
3194.03
Close
3198.72
Change(Points)
+4.32
% Change
+0.14
Volume
1390.4M
Rise
129
Fall
276
Unch
731
Market forecast for STI:
STI formed an inverted hammer pattern for the day and also a bullish star pattern was formed the previous trading day. Technical's are supportive to the minor trend reversal or a bullish correction.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3190
3180
3160
3220
3240
3260
Technical Indicators:
RSI is at 32 and CCI is at -129.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
ASCENDAS REIT.SG
2.24
1.82
GOLDEN AGRI-RES.SG
0.48
-3.03
OLAM INTL.SG
2.21
1.38
JMH USD.SG
57.94
-0.84
CAPITAMALL TRUST.SG
1.92
1.32
KEPPEL CORP.SG
9.91
-0.8
SIA.SG
9.69
0.83
SIA ENGINEERING.SG
4.44
-0.67
CITYDEV.SG
9.27
0.76
WILMAR INTL.SG
3
-0.66
Important Factor for today:-
  • Singpost will open a s$182 million e-commerce logistics hub in tampines in 2016 in line with efforts to further develop the business segment amid a fast growing e-commerce market in Asia.
  • Triyards holdings has inked agreements to acquire strategic marine (s) in Singapore and strategic marine (v) in Vietnam for a$23.3 million (s$26 million).
  • Vard holdings late warned that it will likely report "marginally negative ebitda" (earnings before interest, taxes, depreciation and amortization) for its third quarter ended sept 30, 2014.
  • In line with efforts to develop its e-commerce business, Singpost is spending s$182 million to set up an ecommerce logistics hub, which will be ready by the second half of 2016.
  • Cordlife group limited has set up a s$500 million multi-currency debt-issuance programme.
  • Singapore, the world's largest bunkering port, plans to supply liquefied natural gas (lng) to fuel ships by 2020, a government official said today, as part of a global trend to move away from oil to gas to reduce emissions. "We are working towards lng bunkering in Singapore by 2020, hopefully earlier if possible," minister for transport lui tuck yew said at an industry event.
  • DBS bank on Tuesday said it signed an agreement to work with shanghai international energy exchange to boost the internationalization of china's energy futures exchange market.
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