3 Nov 2014

Singapore STI Technical Analysis Outlook 3rd Nov

Market Review for STI:
SINGAPORE share prices opened higher with the Straits Times Index up 14.53 points to 3,286.57.Asian markets were mixed as traders took a breather after last week's rally, while Hong Kong and shanghai were barely moved after a weak Chinese manufacturing report.Shares ended higher with the Index gaining 16.59 points to 3,290.84. See More FREE TRIAL

STI Day Performance
Open
3286.57
High
3295.77
Low
3281.30
Close
3290.84
Change (Points)
+16.59
% Change
+0.51%
Volume
2106.1M
Rise
272
Fall
149
Unch
371
Market forecast for STI:
STI gave a gap up opening and is in uptrend from last four days .The major trend will remain up but it may take a little correction in the coming trading session.
STI LEVELS
Support 1
Support 2
Support 3 Resistance 1 Resistance 2 Resistance 3
3260 3250 3240 3320 3330 3340
Technical Indicators:
RSI is at 53.58 and CCI is at 0.235
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
SEMBCORP MARINE.SG 3.74 2.75 GOLDEN AGRI-RES.SG 0.51 -1.92
HPH TRUST USD.SG 0.69 2.22 COMFORTDELGRO.SG 2.59 -1.89
DBS.SG 18.82 1.84 THAIBEV.SG 0.755 -1.31
SIA.SG 10.07 1.72 JSH USD.SG 35.21 -1.18
UOB.SG 23.29 1.26 JARDINE C&C.SG 39.45 -1.13
Important Factor for today:-
  • Penny stock compact metal industries were most actively traded with some 137 million shares worth s$9.4 million on Monday morning.
  • Singapore refining company will shut a secondary unit at its 290,000 barrels-per-day refinery in Singapore’s jurong island this month, sources with knowledge of the matter said on Monday.
  • Frasers centre point, which recently acquired australand for a$2.6 billion (s$2.9 billion), has picked bob Johnston as chief executive of the combined Frasers property Australia and australand businesses.
  • SembCorp marine has clinched a us$240 million contract to build a new jack-up drilling rig from repeat customer bot lease co ltd (botl), a leasing company of the bank of tokyo-mitsubishi ufj.
  • SMRT Corp gains 8.5 Singapore cents or nearly 6 per cent to s$1.57 in the early session. the firm announced last Friday an impressive set of results for second quarter ended September - net profit jumped 76 per cent to s$25.3 million on the back of a 6 per cent rise in revenue to s$314.0 million from a year ago.
  • OSK DMG has trimmed MTQ corporation ltd's target price to $1.77 on the back of lower utilization in the Singapore facility and slow starts in the binder group.
  • United Industrial Corporation (UIC) has posted a 37 per cent year-on-year increase in third- quarter net profit to S$59.69 million, on the back of a 17 per cent rise in revenue to S$178.38 million.

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