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Wednesday, December 26, 2012

Market Reviews for the Day

Singapore equities open higher @ 3172.48 and made its 17th month higher level.

STI opens with gap @ 3172 level and then crossed the immediate Resistance level of 3185 and made its 17th month High of 3186.13. After making a High it closed slightly down from the higher level @ 3180.81 with gain of 12.24 points up by 0.39%.Volume was 3.35 billion shares. Gainers led losers 320 to 118.

Factory output rose 3.1% year-on-year, less than the 4.8% median forecast of nine economists polled by Reuters earlier. But this also marked manufacturing's first month of year-on-year growth since July. Compared to the month before, industrial production grew 1.9 % in November after seasonal adjustments, following month-on-month growth of 1.2 % in October.

 
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