SGX: STI Technical Analysis Outlook 10th Dec

Your Advisor

Publish date: Wed, 10 Dec 2014, 07:42 PM

Market Review for STI:
Singapore shares opened flat today with the Straits Times Index losing 1.24 points 3,318.60. Riding on Asia's buoyant economies, next year will be positive for both Singapore equity and debt markets, said OCBC Bank officials. Singapore remains an ideal choice of listing destination for many corporate in the region with its robust regulatory framework and corporate governance standards, as well as a large pool of investible funds. Singapore continues to attract listings from China, Malaysia and Indonesia.

STI Day Performance
Open	3320.78
High	3336.47
Low	3315.88
Close	3325.81
Change(Points)	+5.97
% Change	+0.18%
Volume	1175.1M
Rise	236
Fall	154
Unch	399

Market forecast for STI:
As other Asian stocks are falling down with tumbling oil prices, global currencies swung by the most in more than a year and Chinese stocks fluctuated as inflation data missed estimates so all these things will affect Singapore stock market as well.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3310	3330	3290	3330	3340	3350

Technical Indicators:
RSI is at 54 and CCI is at 10.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
SEMBCORP IND.SG	4.34	3.33	JSH USD.SG	33.68	-2.32
ASCENDAS REIT.SG	2.36	2.16	GLOBAL LOGISTIC.SG	2.52	-1.95
SIA.SG	11.44	2.14	JARDINE C&C.SG	42.86	-1.54
KEPPEL CORP.SG	8.34	1.83	HONGKONGLAND USD.SG	6.73	-1.32
ST ENGINEERING.SG	3.42	1.48	JMH USD.SG	58.4	-1.02

Important Factor for today:-

Singapore said on Tuesday that it has finalised an information-sharing agreement with the United States that is aimed at combating offshore tax dodging. The deal will make it much easier for financial institutions in one of Asia's biggest wealth management centres to comply with US tax law.
ASIA-PACIFIC Strategic Investments has picked up a stake in LionGold's former Amayapampa Gold Project in Bolivia.
SGX had to take the rare step on Tuesday of issuing an announcement about unusual trading activity in its own shares. The bourse noted that more than 8 million of its shares had changed hands during the day. Its share price climbed 3.4 per cent to close at S$7.60, its highest since August 2013. The company, its subsidiaries or associated companies are not aware of any information which, if known, might explain the unusual trading activity.
Asia-Pacific Strategic Investments Limited has entered into a sale and purchase agreement. The Company has acquired 22.3% of the issued and paid-up share capital of Silvermane Investments Limited.
As U.S. lawmakers debate whether to free up more than the tiny amount of oil output currently eligible for export, buyers from Asia are moving in. Mitsui & Co. And Cosmo Oil illustrates the challenge for the OPEC as the highest American output in more than three decades lures the group's traditional customers and benchmark prices tumble. OPEC members are responding by offering the deepest discounts in more than a decade, sparking speculation they're embarking on a price war as demand slows.

Discussions

Be the first to like this. Showing 0 of 0 comments

Featured Posts

MQ Chat

New Update. Discover investment communities that resonate with your ideas

VCPlus

Trade Confidently & Analyze Charts Conveniently - Download VCPlus IOS & Android App Now!

Latest Videos