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Thursday, June 5, 2014

SGX & KLCI STOCK MARKET TECHNICAL REVIEW

Market Review for STI:
The market opened lower @3278.08 and the high was marked @3282.86, the high was observed @3282.86 and the low of the day was at 3272.23.
STI Day Performance
Open
3278.08
High
3282.86
Low
3272.23
Close
3279.64
Change(Points)
-0.53
% Change
-0.02
Volume
2007.8M
Rise
235
Fall
161
Unch
385
Market forecast for STI:
STI formed a green candle for the day and the index closed lower than the previous day close .The index is in uptrend but still the minor movements may be in downtrend. It is expected to move in a downtrend 3260-3280.
Technical indicators:
RSI is above the centre line @55.37, where CCI @31.29
Important Factor for today:-
  • CAPITALAND hold more than 90% of the issued shares of CapitaMalls Asia .CMA shares will not be traded anymore on stock exchange .The application has been submitted by CapitaLand for the delisting of CMA.
  • SGX seeks a proposal to ease a secondary listing for the companies to make it easier. It will no longer impose additional continuing listing obligations.
  • There has been no material development in STATS ChipPAC since May 16, its announcement date. The interest is shown by the other parties to acquire all the shares in the company.
Top Gainers
Top Loosers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
Olam Intl
2.33
1.75
CapitaMall Trust
1.99
-2.45
ComfortDelGro
2.42
0.83
HongkongLand USD
6.83
-2.43
SIA Engineering
5.01
0.81
JMH 400 USD
59.88
-2.41
HPH Trust USD
0.74
0.68
JSH 500 USD
35.6
-1.77
OCBC Bank
9.75
0.52
Golden Agri-Res
0.56
-1.75
Market Review for KLCI:
The share prices opened higher, index up 3.96 points and opened @1869.98. Yesterday the shares ended lower, index slipped 7.35 points. Today’s close price is 1869 and the low is marked @1863.11.
KLCI Day Performance
Open
1869.98
High
1870.6
Low
1863.11
Close
1869
Change(Points)
+3.800
% Change
+0.20
Volume
1494.2M
Rise
380
Fall
361
Unch
875
Market forecast for KLCI:
The KLCI is performing average and is moving in a price range of 1860-1880 .It is expected that it will be in a same range.
Technical indicators:
RSI is just below the centre line@50.75 where the CCI is performing at -53.96.
Top Gainers
Top Loosers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
MISC
6.1
1.5
GENTING
9.83
-1.7
ASTRO
3.46
0.29
IOICORP
5.11
-1.54
PETGAS
24.06
0.25
YTL
1.61
-1.23
KLK
24.24
0.17
TENAGA
11.98
-1.16
RHBCAP
8.38
-0.12
IOIPG
2.5
-0.79

 
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