Market
Review for STI:
Shares opened lower on with the Straits Times Index losing 6.43 points to 3,319.38. Asian stocks dropped after oil’s collapse to a five-year low triggered the biggest loss for Asian market .Traders are now eyeing an increasingly competitive battle for market share among OPEC exporters, for clues on when and at what price they would step in to help balance oil markets.
Important Factor for today:-
Shares opened lower on with the Straits Times Index losing 6.43 points to 3,319.38. Asian stocks dropped after oil’s collapse to a five-year low triggered the biggest loss for Asian market .Traders are now eyeing an increasingly competitive battle for market share among OPEC exporters, for clues on when and at what price they would step in to help balance oil markets.
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STI
Day Performance
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Open
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3318.64
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High
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3326.13
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Low
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3314.95
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Close
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3318.7
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Change(Points)
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-711
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% Change
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-0.21%
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Volume
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1226.9M
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Rise
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178
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Fall
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626
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Unch
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910
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Market forecast for STI:
Asian stocks are dipping as oil hits risk sentiment; we are expecting that market will move in same trend because Sentiment was also aided by a slightly weaker dollar.
Asian stocks are dipping as oil hits risk sentiment; we are expecting that market will move in same trend because Sentiment was also aided by a slightly weaker dollar.
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STI LEVELS
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Support 1 |
Support 2 |
Support 3 |
Resistance 1 |
Resistance 2 |
Resistance 3 |
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3310 |
3300 |
3290 |
3330 |
3340 |
3350 |
Technical Indicators:
RSI is at 52 & CCI is at -26
RSI is at 52 & CCI is at -26
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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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SIA ENGINEERING.SG |
4.03 |
2.03 |
GENTING SING.SG |
1.09 |
-1.8 |
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SIA.SG |
11.65 |
1.84 |
KEPPEL CORP.SG |
8.21 |
-1.56 |
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SINGTEL.SG |
3.98 |
1.27 |
SEMBCORP IND.SG |
4.29 |
-1.15 |
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CAPITALAND.SG |
3.33 |
1.22 |
JSH USD.SG |
33.3 |
-1.13 |
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OCBC BANK.SG |
10.48 |
0.48 |
DBS.SG |
19.8 |
-1 |
- Economic growth of Singapore estimated that it will expand around 3.2 per cent next year.
- Total transaction activity in Singapore has hit US$55.4 billion so far this year, up 30 per cent from US$42.5 billion a year ago, data from American Appraisal showed on Thursday. Transaction activity includes mergers and acquisitions (M&A), private equity, venture capital, and IPO deals.
- Oil prices slid on Wednesday, but avoided new lows, as dealers awaited US stockpiles data for an indication of demand in the world's biggest consumer of crude.
- Oil prices fell in Asia on Wednesday as dealers await the latest US supply report for clues about production levels, while weak Chinese and German trade data also weighed.
- Online financial services platform iFast Corporation has made a positive debut in early trading on the Singapore Exchange today.
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