6 May 2014

Singapore Stock Market Technical Analysis View

Market Review for STI:
STI made a gap up at 3249.13 in the today’s session, a jump of almost 8 points was noticed at the time of opening. Later it came down and made a low of 3242.39 and closed near to low @ 3245.56.
STI Day Performance
Open
3249.13
High
3250.66
Low
3242.39
Close
3245.56
Change(Points)
3.96
% Change
0.12%
Volume
1242M
Rise
221
Fall
178
Unch
678
Market forecast for STI:
STI formed a red candle for the day. Today it was third continuous day for STI to form Red candle in a line. As it is standing on the major support of 3240. A little consolidation is expected in tomorrow’s session.
Technical indicators:
RSI is just above the centre line the centre line @56.62 Where CCI is @ 19.37
STI LEVELS
Support 1
3235
Support 2
3225
Support 3
3210
Resistance 1
3255
Resistance 2
3265
Resistance 3
3280
Important Factor for today:-
  • Purchasing Manager’s Index (PMI) for Singapore increased to 51.1 in April where in March it was 50.8 was in March.
  • Singapore Iron Ore Week starts from today to 8th May 2014.
  • Singapore Exchange announced that the total traded value of Securities fell from 17% to 25.8 Billion in April where the Commodity trading and the Clearing activity grew on YOY basis.
  • Q4 net Profit of SIAEC engineering fall to 1.1% to S$65.2 million.
  • Acquisition of 89.18% Stake was made in Natural Gas Business in China from China Print Power, valued to HK$ 515.4 Million.
  • Cash earning of S$15.3 million for Q4 ended 31 March 2014 published by CitySpring
Top Gainers
Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
Genting Sing 1.345 2.67 SPH 4.14 -1.43
ThaiBev 0.61 1.67 Golden Agri-Res 0.61 -0.81
CityDev 10.89 1.02 HongkongLand USD 6.76 -0.59
UOB 21.61 0.75 Jardine C&C 44.77 -0.4
HPH Trust USD 0.68 0.74 Global Logistic 2.78 -0.36
Market Review for KLCI:
KLCI opened flat today @1860.35 and made a high of 1864.23 where it closed at the same of opening point of 1860.43, low of the day was 1856.85
KLCI Day Performance
Open
1860.35
High
1864.23
Low
1856.85
Close
1860.43
Change(Points)
-0.11
% Change
-0.01
Volume
1467.4M
Rise
460
Fall
273
Unch
1428
Market forecast for KLCI:
A long green Doji candle was formed for the day with a very small body and a long upper and lower shadow for the day. we expect a little correction for tomorrow’s trading session.
KLCI LEVELS
Support 1
1850
Support 2
1840
Support 3
1825
Resistance 1
1870
Resistance 2
1880
Resistance 3
1895
Technical indicators:
RSI is just above the centre line @ 54.20 where the CCI is performing at 26.22
Top Gainers
Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
HLBANK 13.84 0.73 BAT 61.2 -1.29
MAXIS 6.97 0.72 ASTRO 3.27 -1.21
FGV 4.54 0.44 PETGAS 23.36 -0.68
SIME 9.48 0.42 PCHEM 6.76 -0.59
IOIPG 2.66 0.38 HLFG 15.02 -0.53

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