3 Jun 2014

SGX Singapore & Malaysia Stock Market Trading Analysis

Market Review for STI:
STI
opens little bit higher than the previous close @3304.06 and the close was marked @3296.4 ,the low was observed @3292.03 and the high of the day was marked @3304.19.
STI Day Performance
Open3304.06
High3304.19
Low3292.03
Close3296.4
Change(Points)-5.840
% Change-0.18%
Volume1377.1M
Rise179
Fall219
Unch385
Market forecast for STI:
STI formed a red candle for the day with a real body and a long lower shadow . This is a stick pattern .The overall trend of the market is uptrend so it is expected that STI is will move in trend .Though today it performed low but is expected to move with the major trend which is up.
Technical indicators:
CCI is @125.89 and RSI is @62.16
STI LEVELS
Support 13285
Support 23275
Support 33260
Resistance 13305
Resistance 23315
Resistance 33330
Important Factor for today:-
  • The board of directors from Oxley Holding proposed to split every two ordinary shares into three shares .This split will increase the market liquidity of the shares and broaden its shareholder base.The company has 2.98 billion issued shares, if proposal accepted then will have 4.42 billion shares .
  • YuuZoo, a Singapore e-commerce firm , plans to go public through a S$490.9 million reverse takeover of W corporation ltd.
  • The Singapore Minister for Trade and Industry Lim Hng Kiang said ,the infrastructure need to enhance the financing ecosystem's ability to match projects with available capital .
  • China's factory sector performed best due to the improvement in export orders ,it may be a sign of economic stability.
Top Gainers Top Loosers
Scrip NameCMP%changeScrip NameCMP%change
ComfortDelGro2.43Sembcorp Ind5.38-1.28
Noble1.4251.79Wilmar Intl3.2-1.24
SPH4.190.48CapitaMall Trust2.04-0.97
DBS16.980.35ThaiBev0.635-0.78
CapitaLand3.20.31CityDev10.35-0.77
Market Review for KLCI:
KLCI prices opens 4.41 points up @1866.37 and the close of the day was marked @1872.55 .The high of the day was marked @1872.55 and the closing was @1872.55. The market performed well than the previous day .From the current price movement the RSI is indicating the up movement while CCI indicating the trend reversal.
KLCI Day Performance
Open1866.37
High1872.55
Low1866.37
Close1872.55
Change(Points)+8.3
% Change+0.44
Volume1470.8M
Rise176
Fall232
Unch375
Market forecast for KLCI:
The KLCI formed a green candle for the day with no shadows and only a real body.The price movement for the next day may be expected to be in a price range of 1860-1890.
KLCI LEVELS
Support 11865
Support 21855
Support 31845
Resistance 11880
Resistance 21890
Resistance 31900
Technical indicators:
The CCI is marked @-15.575 and RSI is @53.153
Top Gainers Top Loosers
Scrip NameCMP%changeScrip NameCMP%change
IOICORP5.194.43MISC6.01-2.12
HLFG15.821.93SKPETRO4.07-1.45
ASTRO3.451.47PBBANK21.06-0.38
AXIATA6.91.47IHH4.16-0.24
GENTING101.01UMW10.78-0.19

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