Singapore Stock Market Updates With STI Analysis

Market Review for STI:
Share prices opened higher with STI 5.98 points up to 3282.78. Asian stocks rose today, with the Nikkei Average hitting a three-month high, as investors were reassured by the Federal Reserve’s commitment to low rates. The minor trend observed is downtrend for the day .The close is marked at 3269.020 and the high and low for the day is 3282.970 and 3268.320 respectively.

 

STI Day Performance
Open	3282.780
High	3282.970
Low	3268.320
Close	3269.020
Change(Points)	-7.780
% Change	-0.24%
Volume	2035.9M
Rise	208
Fall	190
Unch	694

Market forecast for STI:
The STI now is expected to follow its trend and break the level of 3260 and if the market conditions remain unchanged then may also break the level of 3220.
Technical indicators:
RSI is below the centre line at 46.748 and CCI is marked at -111.40.The current prices lie below 20 days EMA.

STI LEVELS
Support 1	3259
Support 2	3249
Support 3	3234
Resistance 1	3292
Resistance 2	3302
Resistance 3	3317

Important Factor for today:-

• Vard holdings outperformed the stock market, fixing its 12 month target price for the shipping company at S$1.21 a share, CLSA reported.
• Strong growth outlook over the coming five years, strong fiscal and debt metrics supported Singapore's AAA rating.
• Tiger air after making losses announced to cease operating from July 1, 2014.
• Singapore's ministry of law has formed an advisory committee on money-lending to review its regulatory regime look into a cap on interest rates for money-lending loans, restrictions on the charging of fees by money-lenders; and a cap on the total amount of such loans taken out by each borrower.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Noble	1.4	1.82	ComfortDelGro	2.44	-1.61
JMH 400 USD	61.03	1.29	HPH Trust USD	0.72	-1.37
Ascendas Reit	2.3	0.88	HongkongLand USD	6.67	-1.04
CapitaLand	3.23	0.62	SingTel	3.82	-1.04
SIA	10.44	0.58	JSH 500 USD	36.42	-0.9