Market Review:
Today as the third trading session of
the week the market still maintain the uptrend and the investor also
looks seems to be positive for this, which can be observed by the
volume in the market.
STI opened high at 3113.15 around 7
points up and closed high at 3116.04, ending the session with a green
candle.
|
STI
Day Performance
|
|
|
Open
|
3078.29
|
|
High
|
3116.64
|
|
Low
|
3067.24
|
|
Close
|
3116.64
|
|
Change(Points)
|
-16.71
|
|
% Change
|
-0.539
|
|
Volume
|
2105.2
|
|
Rise
|
211
|
|
Fall
|
205
|
|
Unch
|
380
|
Market forecast:
STI recovers for
3rd straight day and traded above 3105 level, however the trading
range was very low for the day it was only 8 points after gap up
opening.
STI trading well above its 50 & 20
day EMA level of 3090 & 3083 level, it’s a positive sign for
STI, 20 day EMA is continuously increasing and trading very near to
its 50 day EMA . we can expect crossover of longer period from lower
side by short period i.e 20 day EMA, can cross 50 Day EMA from lower
side which is positive sign for Index , if it will happen then we can
see more bullishness in Index.
As we previously mention for coming
days we see some turn around movements as the 4Q13 earnings season is
heading towards the end, and investors’ attention to key economic
events in the US such as Unemployment Rate and Non-farm Payroll.
Support level: STI having
immediate support @ 3095 level and below this level it can take
support @3080-3065 will be the support zone for STI.
Resistance: STI having immediate
Resistance @3120 and above this level it may take resistance @
3135-3150
|
STRAITS
TIME LEVELS
|
|
|
Support
1
|
3095
|
|
Support
2
|
3080
|
|
Support
3
|
3065
|
|
Resistance
1
|
3120
|
|
Resistance
2
|
3135
|
|
Resistance
3
|
3150
|
Technical indicators:
With the
recovery now Technical indicators MACD trading in bullish zone in
Daily chart , RSI crossed its centreline zone and trading above 50 @
59.9 and CCI @ 90.999
Important Factor for today:-
- Securities were trading down by 7% in Feb Where as STI said today that the security trading fell by 35% to S$20.9Billion. Daily average value of trading fell 41% to S$1Billion as more trading session in Feb2013.
- Loyz Energy to buy 20% of Norwegian oil and gas firm
- Today Ezara Holding is awarded subsea construction and offshore support contracts and options in Asia Pacific and West Africa worth over US$125 million.
- Amtek buys US firm in S$267M deal.
|
Top 5 Gainers
|
Top 5 Loosers
|
||||
|
Scrip Name |
CMP |
%change |
Scrip Name |
CMP |
%change |
|
JMH 400US |
60.000
|
3.448
|
UOB |
20.530 |
-1.203 |
|
JSH 500US |
34.660
|
3.155
|
DairyFarm 900 |
9.020 |
-1.313 |
|
Jardine C&C |
40.000
|
2.564
|
DBS |
16.210 |
-0.735 |
|
OSIM |
2.510
|
4.583
|
Shang Asia |
12.880 |
-0.923 |
|
SIA |
10.240
|
0.887
|
GreatEast |
17.980 |
-0.333 |
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