Market Review for STI:
Share prices opened higher with the
Straits Times Index up 19.37 points to 3,298.90.Oil prices rose in
early trading as Asian markets opened strongly into a
holiday-shortened week and as consensus spread that Brent crude
prices would likely remain above US$60 for the rest of the year. High
for the day was marked at 3328.35 and low at 3291.49. Trading Signals
Open: 3293.72
High: 3330.96
Low:
3291.49
Close: 3330.96
Change (in Points): +51.43
%Change: +1.57%
Volume:
1459.5M
Rise: 259
Fall:
114
Unch:
822
Market forecast for STI:
STI gave good opening, we may see
bullish rally in next trading session.
Technical Indicators:
RSI is at 55and CCI is at 44.
STRAITS TIME LEVELS
Support 1: 3280
Support
2: 3270
Support 3: 3260
Resistance 1: 3340
Resistance 2: 3350
Resistance 3: 3360
Macroeconomic factors:
- Singapore's headline inflation rate in November may turn negative for the first time in five years due partly to sliding oil prices, and a few economists see scope for the central bank to ease tight monetary policy to support economic growth.
- THE Singapore government is proposing new policies to enhance credit co-operatives' (credit co-ops) financial prudence, governance, and management capabilities, with changes targeted for full implementation by 2018.
- China is willing to help Russia if needed but believes that the country has the ability to overcome its current economic problems
- Canon has become the latest founding partner and official printing & imaging partner of the Singapore Sports Hub, following its signing of a three-year agreement.
- Jason Holdings on Monday said that its chief executive officer will fully indemnify the group's wholly-owned subsidiary, Jason Parquet Specialist (Singapore) (JPSS), against all legal costs and damages that may arise out of a S$1.23 million suit.
- Capitagreen has obtained its Temporary Occupation Permit (TOP) on Dec 18, and has secured leases for 50.4 per cent (352,800 square feet) of its net lettable area as at December.
No comments:
Post a Comment