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SGX Stock Market Review for STI - 27 Oct

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Publish date: Mon, 27 Oct 2014, 06:48 PM
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Market Review for STI:
Share prices opened higher with the straits times' index up 5.63 points to 3,228.18. Asian markets were mainly up today after the majority of euro zone banks were given a clean bill of health by the European central bank, but china was hit by the postponement of a planned stock-trading connection between Hong Kong and shanghai. The Resale Price Index fell by 1.7% from 195.7 in 2nd Quarter 2014 to 192.4 in 3rd Quarter 2014. Resale transactions increased by 2.8% from 4,389 cases in 2nd Quarter 2014 to 4,513 cases in 3rd Quarter 2014.
STI Day Performance
Open
3231.81
High
3234.76
Low
3215.77
Close
3226.11
Change(Points)
+3.56
% Change
+0.11%
Volume
1110.4M
Rise
179
Fall
210
Unch
754
Market forecast for STI:
We find STI in a range bound movement which will be bullish after the level of 3240.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3220
3200
3190
3240
3260
3280
Technical Indicators:
RSI is at 46.82 and CCI is at -3.33.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
CAPITALAND.SG
3.14
2.95
KEPPEL CORP.SG
9.44
-2.38
SIA.SG
9.83
2.18
NOBLE.SG
1.245
-1.58
GOLDEN AGRI-RES.SG
0.495
2.06
UOB.SG
21.78
-1.18
CITYDEV.SG
9.8
1.77
SEMBCORP MARINE.SG
3.62
-1.09
ST ENGINEERING.SG
3.67
1.66
OLAM INTL.SG
2.04
-0.97
Important Factor for today:-
  • Singapore shares have given up their gains made at the start of trading, with investors taking profits amid a pullback in the Hong Kong market and ongoing concerns over Europe's growth prospects.
  • Phillip capital has called an "accumulate" on Civmec with a target price of 80 cents, representing a 9.9% upside.Civmec is an integrated, multi-disciplined construction and engineering services provider to the resources and infrastructure sectors.
  • Kris energy, the upstream oil and Gas Company, says it has chartered the Rubicon vantage fso vessel and a catenary anchor leg mooring or calm buoy for use on the wassana oil development in the g10/48 license area in the gulf of Thailand.
  • Results of Europe's stress-test on banks may weigh on Singapore shares, even as investors await comments from the us Federal Reserve's policy-setting committee, which will meet tomorrow and Wednesday.
  • ISOteam is planning to acquire four local companies in new and complementary business areas for $11 million in total to expand its scope of expertise and services.
  • Raffles medical group is banking on two of its upcoming projects in Singapore to underpin growth amid a more competitive business environment brought about by the opening of new hospitals, a shortage of manpower and slower economic growth in the region.
  • Ips Securex holdings have been appointed an authorized trading partner of accipiter radar technologies, and us company that develops high-performance radar and sensor networks.
Discussions
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