Market
Review for STI:
STI opens 6.18 points high then the previous close @3303.23 ,high was marked @3305.35 for the day and closed @3302.24.The major trend is uptrend but today was in minor downtrend and then again prices followed the uptrend .
STI opens 6.18 points high then the previous close @3303.23 ,high was marked @3305.35 for the day and closed @3302.24.The major trend is uptrend but today was in minor downtrend and then again prices followed the uptrend .
STI Day Performance
|
|
|
Open |
3303.23
|
|
High |
3,305.350
|
|
Low |
3,293.120
|
|
Close |
3,302.240
|
|
Change(Points) |
+6.390
|
|
% Change |
+0.19%
|
|
Volume |
1395.7M
|
|
Rise |
188
|
|
Fall |
228
|
|
Unch |
367
|
Market forecast for STI:
STI formed a red candle for the day with a small real body and a small upper shadow, and a comparatively long lower shadow. The volume indicates the buying pressure but still the lower closing of the candle indicates a selling pressure too .In such case the buyer and seller are equally aggressive and may take the market in either buying or selling zone . The opening candle of the next day may clear the sentiments.
STI formed a red candle for the day with a small real body and a small upper shadow, and a comparatively long lower shadow. The volume indicates the buying pressure but still the lower closing of the candle indicates a selling pressure too .In such case the buyer and seller are equally aggressive and may take the market in either buying or selling zone . The opening candle of the next day may clear the sentiments.
Technical
indicators:
RSI
is above the centre line @64.55, where CCI @157.72
|
STI LEVELS
|
|
|
Support 1 |
3295
|
|
Support 2 |
3285
|
|
Support 3 |
3275
|
|
Resistance 1 |
3309
|
|
Resistance 2 |
3320
|
|
Resistance 3 |
3330
|
- Asian markets on rise .The Euro faced a pressure because of the monetary policy while the dollar was firm this week.
- According to Singapore Commercial Credit Bureau (SCCB) the commercial prompt payment declined sharply in Q1, it reversed the uptrend from the preceding quarter.
- Oil prices high in Asian trade today because of strong Chinese manufacturing activities.
- Tiger Airways Holdings marked a sharp decline in prices in more than four months .The stock dropped 8.5%, it was the biggest intraday drop since January 24 .It made a seven months high and jumped 21 %.
- Swing Media Technology Group posted record earnings of HK$83.13 million ($13.45 million) for the fiscal year ended March 31.
|
Top Gainers
|
Top Loosers
|
||||
|
Scrip Name |
CMP |
%change |
Scrip Name |
CMP |
%change |
|
SPH |
4.17 |
1.71 |
Olam Intl |
2.3 |
-1.71 |
|
ThaiBev |
0.64 |
1.59 |
HPH Trust USD |
0.74 |
-1.33 |
|
Noble |
1.4 |
1.08 |
Golden Agri-Res |
0.57 |
-0.87 |
|
SGX |
6.96 |
1.02 |
CapitaMall Trust |
2.06 |
-0.48 |
|
Wilmar Intl |
3.24 |
0.94 |
HongkongLand USD |
6.99 |
-0.43 |
Market
Review for KLCI:
KLCI opened low by 4.91 points @ 1867.80.The high was marked @1876.17 and the low for the day was marked @1861.48.The overall trend is up while from the last 10 days the trend is down . With a minor uptrend it is again expected to reverse .
KLCI opened low by 4.91 points @ 1867.80.The high was marked @1876.17 and the low for the day was marked @1861.48.The overall trend is up while from the last 10 days the trend is down . With a minor uptrend it is again expected to reverse .
|
KLCI Day Performance
|
|
|
Open |
1867.8
|
|
High |
1876.17
|
|
Low |
1861.48
|
|
Close |
1864.25
|
|
Change(Points) |
-9.130
|
|
% Change |
-0.49%
|
|
Volume |
1395.7M
|
|
Rise |
188
|
|
Fall |
228
|
|
Unch |
367
|
Market forecast for KLCI:
KLCI formed a red candle for the day with a long upper shadow and a real body which indicates that the market is down .If it breaks the level of 1862 then it may decline more .The inverted hammer formed on the previous day indicates a reversal of trend.
KLCI formed a red candle for the day with a long upper shadow and a real body which indicates that the market is down .If it breaks the level of 1862 then it may decline more .The inverted hammer formed on the previous day indicates a reversal of trend.
|
KLCI LEVELS
|
|
|
Support 1 |
1861
|
|
Support 2 |
1855
|
|
Support 3 |
1845
|
|
Resistance 1 |
1872
|
|
Resistance 2 |
1887
|
|
Resistance 3 |
1897
|
Technical indicators:
RSI
is just below the centre line @47.12 where the CCI is performing at
–38.78
|
Top Gainers
|
Top Loosers
|
||||
|
Scrip Name |
CMP |
%change |
Scrip Name |
CMP |
%change |
|
GENM |
4.22 |
3.69 |
PETDAG |
24.48 |
-3.01 |
|
FGV |
4.34 |
2.36 |
PETGAS |
23.82 |
-2.78 |
|
GENTING |
9.9 |
1.75 |
PBBANK |
21.14 |
-2.13 |
|
IOIPG |
2.52 |
1.61 |
CIMB |
7.22 |
-1.64 |
|
IHH |
4.17 |
1.46 |
AMBANK |
7.24 |
-1.36 |
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