24 Sept 2014

Singapore : STI Technical Analysis Outlook 24 Sept


Market Review for STI:
Share prices opened lower at 3291.69 and closed also lower at 3286.32. Asian markets were mixed in early trade today as bargain-buying was offset by a sell-off in New York and Europe that came in response to fresh data indicating weakness in the euro zone.

STI Day Performance
Open
3291.69
High
3298.44
Low
3286.32
Close
3292.81
Change(Points)
-5.28
% Change
-0.16%
Volume
1265.7M
Rise
163
Fall
204
Unch
761
Market forecast for STI:
We may expect that if market settles down smooth this week then may end higher if the strong support level of 3280 is seen.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3285
3270
3260
3300
3315
3320
Technical indicators: 
RSI is at 41.08 and CCI is at -107.88
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
STARHUB.SG
4.14
1.47
GOLDEN AGRI-RES.SG
0.505
-2.88
SEMBCORP IND.SG
5.22
0.97
OLAM INTL.SG
2.45
-2.39
SIA ENGINEERING.SG
4.66
0.87
JMH 400 USD.SG
60.3
-1.87
GLOBAL LOGISTIC.SG
2.77
0.73
GENTING SING.SG
1.13
-1.74
SPH.SG
4.19
0.72
JSH 500 USD.SG
35.35
-0.87
Important Factor for today:-
  • Singapore’s sovereign wealth fund, GIC, is in talks to buy the British roadside rescue business RAC from U.S. private equity firm Carlyle Group LP for over 2 billion pounds ($4.16 billion), Sky News reported, citing a person familiar with the talks.
  • SP AusNet says that AusNet Services has installed almost 700,000 smart meters, representing 99.9% of the premises to be completed under the Victorian Government’s mandated Advanced Metering Infrastructure (AMI) programme.
  • Hong Kong stocks fell 0.20 per cent at the open Wednesday following losses on Wall Street while traders are also concerned about the Chinese economy.

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