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Tuesday, August 12, 2014

SGX Singapore Stock Market Outlook 12 Aug

Market Review for STI:
Share prices opened higher with STI up at 3314.90. Singapore’s economy unexpectedly expanded last quarter as manufacturing declined less than initially estimated amid recoveries in advanced countries. The high for the day was observed at 3319.7 and the low was observed at 3303.03.

STI Day Performance
Open
3314.90
High
3319.70
Low
3303.03
Close
3303.39
Change(Points)
-3.06
% Change
-0.09%
Volume
1543.9
Rise
227
Fall
205
Unch
680
Market forecast for STI:
STI formed a red candle for the day and ended lower .Though it started off positive .It indicates the bearish pull.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3300
3285
3270
3320
3340
3360
Technical indicators:
RSI is below the centre line and CCI is at -74.32.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
COMFORTDELGRO
2.6
1.56
CAPITALAND
3.32
-1.19
THAIBEV
0.635
0.79
NOBLE
1.355
-1.09
HPH TRUST USD
0.685
0.74
WILMAR INTL
3.19
-0.93
SIA
9.86
0.61
OCBC BANK
10.14
-0.88
UOB
22.75
0.53
HONGKONGLAND USD
6.83
-0.87

CAPITALAND
3.32
-1.19
Important Factor for today:-
  • Valueelectronics Holdings, the designer and manufacturer for consumer electronics brands, announced that its net profit for the three months ended 30 June 2014 (1QFY2015) increased by 1.8% to HK$33.9 million from a year ago (1QFY2014).
  • SINGAPORE has revised lower its full-year 2014 growth forecasts for total trade and non-oil domestic exports to between 1.5 and 2.5 and between -2.0 and -1.0 per cent, respectively.
  • Falcon Energy Group, the provider of services to the offshore oil and gas industry, announced it has recorded revenue growth of 254.3% to US$92.7 million and a 26.3% increase in profit after tax to US$10 million for the first quarter of the financial period ended June (1QFY2015) from a year ago.
  • CSE Global on Monday said its profit attributable to owners of the company for the fiscal second quarter ended June 30 fell 35.5 per cent year on year to S$8.03 million.
  • VEHICLE inspecting and testing services provider VICOM's net profit for the second quarter ended June rose 5.5 per cent to S$7.23 million from S$6.85 million a year ago.Revenue raised 2.4 per cent, from S$26.62 million to S$27.26 million.

 
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