20 Nov 2014

Singapore Stock Market: STI Technical Outlook 20th Nov

Market Review for STI:
SINGAPORE share prices opened higher with the Straits Times Index up 1.96 points to 3,336.52. Singapore shares are down slightly as investors ponder the Federal Reserve's concerns about lower inflation in the world's largest economy and new data showing a slowdown in China's manufacturing sector. Singapore shares may head lower in early trading in response to a slight pullback overnight on Wall Street, where concerns about possible deflation in the world's biggest economy weighed on investor sentiment. Live TRADING SIGNALS

STI Day Performance
Open
3337.50
High
3341.71
Low
3317.37
Close
3318.18
Change(Points)
-16.38
% Change
-0.49%
Volume
934.1M
Rise
134
Fall
232
Unch
423
Market forecast for STI:
STI today filled the previous gap and also is expected to move little lower and then may take support at the level of 3312.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3312
3300
3290
3350
3360
3370
Technical Indicators:
RSI is at 58 and CCI is at 99.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
GENTING SING.SG
1.105
1.38
THAIBEV.SG
0.695
-3.47
JMH USD.SG
61.22
0.84
GOLDEN AGRI-RES.SG
0.45
-2.17
HONGKONGLAND USD.SG
6.99
0.58
JARDINE C&C.SG
40.97
-1.51
WILMAR INTL.SG
3.25
0.31
SEMBCORP MARINE.SG
3.31
-1.49
SPH.SG
4.33
0.23
ST ENGINEERING.SG
3.35
-1.47
Important Factor for today:-
  • SINGAPORE share prices opened higher on Thursday with the Straits Times Index up 1.96 points to 3,336.52.
  • The Singapore Productivity Centre (SPC) and DP Information Group (DP), released key findings on Thursday, from a sector-wide Retail and Food Services Productivity Benchmarking exercise held this year.
  • Asian markets mostly fell today after another round of weak manufacturing data underlined the slowdown in China's economy while minutes from the US Federal Reserve's latest meeting gave few hints about its plans for interest rates.
  • SINGAPORE'S domestic wholesale trade dropped 5.7 per cent in the third quarter of 2014 compared to a year ago, the Department of Statistics Singapore said on Thursday.
  • Global Logistic Properties co-founder and deputy chairman Jeffrey Schwartz dies, aged 55.
  • The newly launched trading link between Shanghai and Hong Kong is a "positive catalyst" for the Singapore Exchange and could account for almost 9% of its FY2015 revenue, says Deutsche Bank.

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