14 Oct 2014

Market Review & Forecast for STI with Technical Indicators for 15 Oct

Market Review for STI:
Singapore share prices opened lower today with the straits times’ index down 9.76 points to 3,192.39. Singapore economy performed slightly worse than expected in the third quarter of 2014, growing 2.4 per cent from a year ago, according to advance estimates released by the ministry of trade and industry. High for the day was marked at 3211.66 and low was marked at 3191.05.
STI Day Performance
Open
3192.39
High
3211.66
Low
3191.05
Close
3194.40
Change(Points)
-7.75
% Change
-0.24%
Volume
1156.8M
Rise
132
Fall
249
Unch
753
Market forecast for STI:
We may expect STI to dip down further, as no positive impact was seen although GDP data for Singapore economy increased by 2.4 % .STI mat trade in the range of 3186-3220.
STI LEVELS
Support 1
Support 2
Support 3 Resistance 1 Resistance 2 Resistance 3
3187.1
3167.12
3143.09
3222.84
3241.41
3259.5
Technical Indicators:
RSI is at 30.89 CCI is at -156.Indicators is bearish on the index and indicating that a further dip in the market can be seen.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
GOLDEN AGRI-RES.SG 0.495 1.02 SIA.SG 9.61 -1.74
HONGKONGLAND USD.SG 6.8 0.74 COMFORTDELGRO.SG 2.44 -1.21
CITYDEV.SG 9.2 0.44 OCBC BANK.SG 9.6 -0.93
JMH USD.SG 58.43 0.41 GENTING SING.SG 1.085 -0.91
WILMAR INTL.SG 3.02 0.33 UOB.SG 21.95 -0.77
Important Factor for today:-
  • Resale prices of non-landed private homes dipped 0.3 per cent in September compared to august, according to SRX property.
  • Asian markets mostly rose today on bargain hunting, but Tokyo took a thumping as traders returned from a long weekend to a much stronger yen.
  • Productivity in Singapore's construction sector has seen some improvements but it remains short of the government's target, Grace Fu, Minister in Prime Minister Office said on Tuesday.

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