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Market Review for STI:
Singapore’s gold futures contract on SGX to start trading September 2014. SGX announced proposals for a new regulatory framework for global companies to seek a secondary listing.
Singapore’s gold futures contract on SGX to start trading September 2014. SGX announced proposals for a new regulatory framework for global companies to seek a secondary listing.
| STI Day Performance | |
| Open | 3261.34 |
| High | 3270.07 |
| Low | 3260.23 |
| Close | 3261.54 |
| Change(Points) | -0.490 |
| % Change | -0.02% |
| Volume | 2175.4M |
| Rise | 152 |
| Fall | 240 |
| Unch | 699 |
Market forecast for STI:
After moving down over last week, Singapore Share prices opened mixed today with STI down 0.69 points to 3261.34. It formed an inverted umbrella pattern for the day by making high at 3270.07. The whole day range was 10 points by making low at 3260.23 and closed at 3261.54. Green candlestick pattern showed that buyer’s sentiments dominated sellers. A bearish reversal is anticipated as Inverted umbrella formed at the end of the significant long uptrend when buyers dominate the day but sellers fight back to close at the opening price, which is also the lowest price of the day.
Technical indicators:
RSI stood below the centre line at 44.495 with its CCI at-113.88. Difference line of MACD performed at -0.491 which lied below its signal line which performed at 5.181.
After moving down over last week, Singapore Share prices opened mixed today with STI down 0.69 points to 3261.34. It formed an inverted umbrella pattern for the day by making high at 3270.07. The whole day range was 10 points by making low at 3260.23 and closed at 3261.54. Green candlestick pattern showed that buyer’s sentiments dominated sellers. A bearish reversal is anticipated as Inverted umbrella formed at the end of the significant long uptrend when buyers dominate the day but sellers fight back to close at the opening price, which is also the lowest price of the day.
Technical indicators:
RSI stood below the centre line at 44.495 with its CCI at-113.88. Difference line of MACD performed at -0.491 which lied below its signal line which performed at 5.181.
| Top Gainers | Top Losers | ||||
| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| CapitaMall Trust | 2.3 | 1.32 | Ascendas Reit | 1.36 | -2.51 |
| CityDev | 6.65 | 1.06 | CapitaLand | 2.47 | -1.2 |
| ComfortDelGro | 3.87 | 1.04 | CapitaMall Trust | 2.42 | -0.82 |
| DBS | 0.57 | 0.89 | CityDev | 0.615 | -0.81 |
| Genting Sing | 2.68 | 0.75 | ComfortDelGro | 59.76 | -0.78 |
Market Review for KLCI:
Malaysian Share prices opened lower with KLCI down 2.8 points to 1889.53. Ringgit opened lower against US dollar on profit taking activities and quoted at 3.2210/2231 against the currency. KLCI marked it’s open and close at the same level and Market moved between the ranges of almost 3.96 points.
Malaysian Share prices opened lower with KLCI down 2.8 points to 1889.53. Ringgit opened lower against US dollar on profit taking activities and quoted at 3.2210/2231 against the currency. KLCI marked it’s open and close at the same level and Market moved between the ranges of almost 3.96 points.
| KLCI Day Performance | |
| Open | 1889.53 |
| High | 1891.64 |
| Low | 1887.68 |
| Close | 1889.55 |
| Change(Points) | -2.780 |
| % Change | -0.15% |
| Volume | 1730.3M |
| Rise | 300 |
| Fall | 545 |
| Unch | 1365 |
Market forecast for KLCI:
Share prices opened and closed at the same price level by forming a Doji candlestick pattern. It is indecisive for the next movement though we may expect prices to open on mixed note tomorrow.Share prices opened and closed at the same price level by forming a Doji candlestick pattern. It is indecisive for the next movement though we may expect prices to open on mixed note tomorrow.
Technical indicators:
RSI stood below the centre line at 61.714 with its CCI at 180.279. Difference line of MACD performed at 5.082 which lied above its signal line which performed at 3.434.
Share prices opened and closed at the same price level by forming a Doji candlestick pattern. It is indecisive for the next movement though we may expect prices to open on mixed note tomorrow.Share prices opened and closed at the same price level by forming a Doji candlestick pattern. It is indecisive for the next movement though we may expect prices to open on mixed note tomorrow.
Technical indicators:
RSI stood below the centre line at 61.714 with its CCI at 180.279. Difference line of MACD performed at 5.082 which lied above its signal line which performed at 3.434.
| Top Gainers | Top Losers | ||||
| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| TENAGA | 12.2 | 1.16 | FGV | 4.34 | -1.59 |
| RHBCAP | 8.58 | 0.7 | KLCC | 6.45 | -1.53 |
| HLFG | 16.1 | 0.5 | YTL | 1.58 | -1.25 |
| TM | 6.35 | 0.47 | SKPETRO | 4.36 | -1.13 |
| SIME | 9.66 | 0.42 | GENTING | 9.99 | -0.7 |
Important Factor for today:-
- SGX announced proposals for a new regulatory framework for global companies to seek a secondary listing.
- Singapore’s state government signed a protocol agreement with Russia to continue expanding cooperation between Singapore and St Petersburg in sectors viz transport, science parks, urban planning, e-government and training programmes.
- Singapore’s gold futures contract on SGX to start trading September 2014.
- Lion Gold Corp has unveiled an agreement with Malaysian businessman to raise S$4.23 million.
- Longcheer Holdings is selling its wholly-owned subsidiary Mobell Technology for S$48 million to a company owned by Longcheer’s executive directors.
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