11 Feb 2015

Singapore Stock Market Updates for STI 11th Feb

Market Review for STI:
Share prices opened higher with the Straits Tim
es Index up 6.11 points to 3,440.35. Asian markets mostly rose in early trade as hopes grew for a breakthrough from crucial meetings at which Greece will try to convince its European creditors to renegotiate terms of its bailout.

STI Day Performance
Open
3439.49
High
3448.96
Low
3431.08
Close
3444.57
Change(Points)
+10.33
% Change
+0.30%
Volume
1051.7M
Rise
174
Fall
223
Unch
394
Market forecast for STI: We may expect STI will be bullish in next trading session.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3384
3360
3340
3460
3480
3500
Technical Indicators: RSI is at 62 and CCI is at 95.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
GLOBAL LOGISTIC.SG
2.58
3.2
CAPITAMALL TRUST.SG
2.14
-1.38
CITYDEV.SG
10.36
1.67
ASCENDAS REIT.SG
2.45
-0.81
COMFORTDELGRO.SG
3.14
1.62
HPH TRUST USD.SG
0.69
-0.72
KEPPEL CORP.SG
8.72
1.4
THAIBEV.SG
0.725
-0.68
SGX.SG
8.2
0.74
WILMAR INTL.SG
3.25
-0.31
Important Factor for today:-
  • Lawrence Wong, head of listings at the Singapore Exchange, has been tasked to lead its China business as the bourse operator seeks to expand its international presence.
  • Iraq and Iran joined Saudi Arabia in cutting their March crude prices for Asia to the lowest level in more than a decade, signaling the battle for a share of OPEC's largest market is intensifying.
  • Singapore Exchange Ltd, which has been struggling to attract large initial public offerings (IPOs), said it is expanding further into China and appointed its listings chief to a new position as the head of its China business.
  • Rents of private condominiums finally eked out a small gain last month as more units were leased out, after a losing streak over 11 successive months.
  • Singapore reported its first decline in visitor arrivals since the global financial crisis, as a new Chinese law curbed tourists from the mainland while political turmoil in Thailand and aviation disasters damped travel.
  • The worst is over for Singapore's retail sector, as far as the supply of space is concerned, and demand from tenants is expected to be healthy.

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