Singapore Stock Market Report for STI 5th Feb

Market Review for STI:
Share prices opened lower with the Straits Times Index down 6.59 points to 3,410.98.Singapore shares pulled back as oil prices plummeted overnight and worries over debt-laden Greece escalated after the European Central Bank said it would stop accepting Greek bonds as collateral for funds. Trading Tips

STI Day Performance
Open	3414.91
High	3415.14
Low	3394.95
Close	3406.58
Change(Points)	-10.99
% Change	-0.32%
Volume	989.4M
Rise	139
Fall	229
Unch	419

Market forecast for STI:
STI will move in the range of 3385 to 3443 if STI cross the level 3343 we may see bullish trend.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3375	3360	3340	3443	3470	3490

Technical Indicators:
RSI is at 57 and CCI is at 55

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
COMFORTDELGRO.SG	0.05	1.71	SEMBCORP MARINE.SG	-0.08	-2.56
CAPITAMALL TRUST.SG	0.03	1.4	SEMBCORP IND.SG	-0.11	-2.52
CAPITALAND.SG	0.03	0.85	GENTING SING.SG	-0.015	-1.4
JSH USD.SG	0.28	0.81	HPH TRUST USD.SG	-0.01	-1.39
JMH USD.SG	0.36	0.56	NOBLE.SG	-0.015	-1.36

Important Factor for today:-

• Singapore sovereign wealth fund GIC has bought a 5 per cent stake in Nielsen NV, a leading provider of TV audience ratings data, for an undisclosed amount.
• The Singapore dollar will slide about 3 per cent versus the US dollar to the lowest since July 2010 after the Monetary Authority of Singapore (MAS) unexpectedly eased monetary policy.
• FIRST Sponsor Limited's net profit in the fourth quarter more than doubled to S$19.3 million, as revenue rose nine-fold, boosted by its sale of properties.
• Oil prices rebounded in Asia Thursday but gains were capped as the euro was hit by fresh concerns over Greece, further hurting demand in the face of an oversupply,
• GROUNDHANDLER SATS' third quarter net profit jumped 25.2 per cent year on year to S$53.7 million, boosted in part by lower costs.
• MAYBANK Kim Eng has Ezion as its top pick in the offshore and marine sector, and is also advising investors to avoid the rigbuilders who are exposed to capital expenditure cuts, namely Sembcorp Marine and Keppel Corp, in the meantime.