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Thursday, January 29, 2015

Market Review for STI: Share prices opened lower with the Straits Times Index down 15.50 points to 3,403.65. Singapore shares pulled back on concerns the US Federal Reserve will proceed to raise interest rates this year despite increasingly uncertain global economic conditions, which have prompted a number of other central banks to ease monetary policies. High of the day was marked. Trading Tips
STI Day Performance
Open
3402.37
High
3428.39
Low
3402.18
Close
3415.17
Change(Points)
-3.98
% Change
-0.12%
Volume
1136.8M
Rise
174
Fall
224
Unch
392
Market forecast for STI: In US market to much volatility that’s why STI market is in consolidation face. We may expect same trend.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3373
3350
3330
3430
3450
3480
Technical Indicators: RSI is at 64 and CCI is at 131.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
COMFORTDELGRO.SG
0.16
5.76
CAPITAMALL TRUST.SG
-0.04
-1.86
SIA.SG
0.18
1.43
JSH USD.SG
-0.52
-1.43
KEPPEL CORP.SG
0.1
1.19
HONGKONGLANDUSD.SG
-0.1
-1.32
GENTING SING.SG
0.01
0.94
GOLDEN AGRI-RES.SG
0.005
-1.15
NOBLE.SG
0.005
0.48
OLAM INTL.SG
0.015
-0.75
Important Factor for today:-
  • The surprise announcement yesterday by Singapore's central bank to slow down the appreciation of the local currency will bode well for shares of companies in the services industry as well as banks, but spell bad news for property developers, says Credit Suisse.
  • The surprise announcement yesterday by Singapore's central bank to slow down the appreciation of the local currency will bode well for shares of companies in the services industry as well as banks, but spell bad news for property developers, says Credit Suisse.
  • Standard Chartered has appointed Aaron Russell-Davison as head, debt capital markets, with immediate effect.
  • TEMBUSU Systems, a Singapore startup which in February 2014 unveiled Asia's first Bitcoin ATM in Singapore, announced on Thursday that it has raised S$1.2 million in bridge funding for its TRUST platform.
  • The surprise announcement yesterday by Singapore's central bank to slow down the appreciation of the local currency will bode well for shares of companies in the services industry as well as banks, but spell bad news for property developers, says Credit Suisse.
  • The Singapore dollar continued to weaken against the US dollar following the Monetary Authority of Singapore's (MAS) surprise easing of its monetary policy on Wednesday to slow the appreciation of the local currency.

 
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