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Monday, June 16, 2014

STI & KLCI Technical Analysis Updates


Market Review for STI:
STI opened flat today with STI down 0.66 points to 3292.590.The counters are not performing so well, the movement is in uptrend and the prices are performing above the 20 days EMA i.e., 3283.924 and 50 day EMA is at3250.931. The prices moved in a range bound movement of 3289-3297 for the day. STI closed at 3290.26 and the low was marked at 3288.81.
STI Day Performance
Open 3292.59
High 3297.62
Low 3288.81
Close 3290.26
Change(Points) -2.990
% Change -0.09%
Volume 1531.1M
Rise 168
Fall 240
Unch 682
Market forecast for STI:
STI formed inverted hammer pattern for the day which is a trend reversal pattern. Though major trend is uptrend and from the last few days the movement is seen in a consolidation phase. We may expect the movement in lower side after it breaks the level of 3280.
Technical indicators:
RSI is above the centre line @55.927, and the consumer confidence index {CCI} is @42.299.
STI LEVELS
Support 1 3280
Support 2 3270
Support 3 3260
Resistance 1 3299
Resistance 2 3310
Resistance 3 3320
Important Factor for today:-
  • Accenture has been awarded by Ministry of Social and Family Development (MSF) and infocomm Development Authority (IDA) foe a five and a half-year, S$26.5 million contract to develop Social Service net (SSNet).
  • SingTel will allow users to customize post-paid mobile plans.
Top Gainers Top Losers
Scrip Name CMP %change Scrip Name CMP %change
ComfortDelGro 2.48 1.22 Noble 1.395 -3.46
JSH 500 USD 36.59 1.11 CapitaLand 3.17 -1.86
SPH 4.24 0.95 Jardine C&C 44.6 -1.33
JMH 400 USD 61.59 0.62 HongkongLand USD 6.73 -1.32
SIA 10.47 0.58 CapitaMall Trust 1.97 -0.76

Market Review for KLCI:
KLCI opened 1.22 points down to 1875.520.It opened at 1875.52 and formed a red candle for the day. The minor trend from the last five days is down and before that it was in a consolidation phase and before that it was in uptrend. It made a low of 1871.28 and closed at 1871.58 for the day. The market was down through the day. On an average the market is ranging between 20 and 50 days EMA.
KLCI Day Performance
Open 1875.52
High 1875.90
Low 1871.28
Close 1871.58
Change(Points) -5.160
% Change -0.27%
Volume 1359.7M
Rise 384
Fall 402
Unch 1419
Market forecast for KLCI:
The major trend of KLCI is uptrend but the minor is down and we may expect that it will move in a trend. It may range between 1860-1880.The support is found at 1870.
KLCI LEVELS
Support 1 1865
Support 2 1860
Support 3 1850
Resistance 1 1876
Resistance 2 1881
Resistance 3 1890
Technical indicators:
RSI is marked at 51.223, CCI is at 20.535. The 20 days EMA is marked at 1871.205 and 50 days EMA is marked at 1864.200.
Top Gainers Top Losers
Scrip Name CMP %change Scrip Name CMP %change
BAT 65.96 1.48 YTL 1.63 -1.81
IHH 4.28 0.47 SKPETRO 4.21 -1.64
MAYBANK 9.82 0.2 GENTING 10.06 -1.37
MISC 6.26 0.16 PPB 15.1 -1.31
TM 6.21 0.16 IOICORP 5.15 -1.15

 
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