Market
Review for STI:
Singapore shares opened flat today with the Straits Times Index losing 1.24 points 3,318.60. Riding on Asia's buoyant economies, next year will be positive for both Singapore equity and debt markets, said OCBC Bank officials. Singapore remains an ideal choice of listing destination for many corporate in the region with its robust regulatory framework and corporate governance standards, as well as a large pool of investible funds. Singapore continues to attract listings from China, Malaysia and Indonesia.
Technical Indicators:
RSI is at 54 and CCI is at 10.
Important Factor for today:-
Singapore shares opened flat today with the Straits Times Index losing 1.24 points 3,318.60. Riding on Asia's buoyant economies, next year will be positive for both Singapore equity and debt markets, said OCBC Bank officials. Singapore remains an ideal choice of listing destination for many corporate in the region with its robust regulatory framework and corporate governance standards, as well as a large pool of investible funds. Singapore continues to attract listings from China, Malaysia and Indonesia.
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STI
Day Performance
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Open
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3320.78
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High
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3336.47
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Low
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3315.88
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Close
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3325.81
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Change(Points)
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+5.97
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% Change
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+0.18%
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Volume
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1175.1M
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Rise
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236
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Fall
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154
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Unch
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399
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Market forecast for STI:
As other Asian stocks are falling down with tumbling oil prices, global currencies swung by the most in more than a year and Chinese stocks fluctuated as inflation data missed estimates so all these things will affect Singapore stock market as well.
As other Asian stocks are falling down with tumbling oil prices, global currencies swung by the most in more than a year and Chinese stocks fluctuated as inflation data missed estimates so all these things will affect Singapore stock market as well.
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STI
LEVELS
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Support 1 |
Support 2 |
Support 3 |
Resistance 1 |
Resistance 2 |
Resistance 3 |
|
3310 |
3330 |
3290 |
3330 |
3340 |
3350 |
RSI is at 54 and CCI is at 10.
Top
Gainers
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Top
Losers
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Scrip Name
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CMP
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%change
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Scrip Name
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CMP
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%change
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SEMBCORP IND.SG |
4.34 |
3.33 |
JSH USD.SG |
33.68 |
-2.32 |
|
ASCENDAS REIT.SG |
2.36 |
2.16 |
GLOBAL LOGISTIC.SG |
2.52 |
-1.95 |
|
SIA.SG |
11.44 |
2.14 |
JARDINE C&C.SG |
42.86 |
-1.54 |
|
KEPPEL CORP.SG |
8.34 |
1.83 |
HONGKONGLAND USD.SG |
6.73 |
-1.32 |
|
ST ENGINEERING.SG |
3.42 |
1.48 |
JMH USD.SG |
58.4 |
-1.02 |
- Singapore said on Tuesday that it has finalised an information-sharing agreement with the United States that is aimed at combating offshore tax dodging. The deal will make it much easier for financial institutions in one of Asia's biggest wealth management centres to comply with US tax law.
- ASIA-PACIFIC Strategic Investments has picked up a stake in LionGold's former Amayapampa Gold Project in Bolivia.
- SGX had to take the rare step on Tuesday of issuing an announcement about unusual trading activity in its own shares. The bourse noted that more than 8 million of its shares had changed hands during the day. Its share price climbed 3.4 per cent to close at S$7.60, its highest since August 2013. The company, its subsidiaries or associated companies are not aware of any information which, if known, might explain the unusual trading activity.
- Asia-Pacific Strategic Investments Limited has entered into a sale and purchase agreement. The Company has acquired 22.3% of the issued and paid-up share capital of Silvermane Investments Limited.
- As U.S. lawmakers debate whether to free up more than the tiny amount of oil output currently eligible for export, buyers from Asia are moving in. Mitsui & Co. And Cosmo Oil illustrates the challenge for the OPEC as the highest American output in more than three decades lures the group’s traditional customers and benchmark prices tumble. OPEC members are responding by offering the deepest discounts in more than a decade, sparking speculation they’re embarking on a price war as demand slows.
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