Singapore Stock Market Technical Analysis 19th Jan

Share prices opened higher with the Straits Times Index up 20.67 points to 3,321.35.Asian equity markets mostly rose following a rally on Wall Street and a strong pick-up in oil prices, Market breadth was positive, but volume was thin, suggesting the change in lot trading sizes from 1,000 shares to 100 has yet to make an impact. Trading Tips

STI Day Performance

Open-3318.59

High-3324.34

Low-3297.89

Close-3307.70

Change(Points)- +7.020

% Change-+0.21%

Volume-1157.4M

Rise-172

Fall-227

Unch-396

Market forecast for STI: Market is consolidation range we can’t predict anything right now. STI is not in stable mode.

Technical Indicators: RSI is at 46 and CCI is at -73.

STRAITS TIME LEVELS

Support 1-3275

Support 2-3250

Support 3-3230

Resistance 1-3340

Resistance 2-3355

Resistance 3-3371

Important Factor for today:-

• Singapore handled 33.9 million 20-foot containers last year, according to a statement posted on the Maritime & Port Authority of Singapore's website dated Jan. 16. Last month, Shanghai said it expects to process about 35.2 million boxes in 2014. A year before, the gap between the two ports was about 1 million boxes.
• SLIDING oil prices and uncertain global growth have sent inflation expectations plummeting in Singapore to their lowest levels in three years.
• The Singapore economy will benefit from lower oil prices since it is a net importer of oil.
• Efforts by the Singapore Exchange to grow its derivatives business may have yielded positive results, with average derivatives trading volumes up 53% y-o-y in 4Q2014, but the recent strength may not be sustainable, says UBS.
• JTC Corporation (JTC) has awarded the tender for an industrial site at Tuas South Street 9 (Plot 52) to the highest tenderer, Asiaone Logistics & Warehousing Pte Ltd, for S$7.04 million.
• Singapore remains a gateway to Asia, but not when it comes to raising equity. The city-state's annual share of equity issuance in local markets including Malaysia, Indonesia, the Philippines and Thailand averaged 45 per cent between 2004 and 2009. That has fallen to 37 percent over the last five years.

Singapore Stock Market Weekly Analysis

Opening of the STI was not in this week. first day of week STI open not good. Oil fell further in Asia, with weak demand and a supply glut putting relentless pressure on prices already at their lowest in five and a half years. Second day of week STI was in consolidation face, 

Asian stocks were mostly firmer after benign Chinese economic data helped offset risk aversion generated by a continuing slide in crude oil prices, while the dollar fell to a one-month low against the safe-haven yen, so nothing good happened with STI. Most Asian stock declined as the yen gained a fourth day against the dollar and commodity prices slumped. And last day of week STI was too down with 38 points. Trading Signals

STRAIT TIMES WEEKLY WRAP
OPEN: 3332.96
HIGH: 3349.19
LOW: 3291.5
CLOSE: 3300.68
CHANGE (In Points): -37.76
% CHANGE: 1.14%

Market Forecast for week ahead: This week was not good for STI. Because of continuously oil price dipping down and world economy crises. crude oil higher on Friday, holding above US$48 a barrel as  prices were well supported around current levels, although few expect a strong rebound anytime soon as global output continues to outweigh demand. If oil will take rebound then it will good for STI market. We may expect oil will take rebound then STI will be better condition in next week.

Support 1: 3275
Support 2: 3220
Support 3: 3160
Resistance 1: 3371
Resistance 2: 3404
Resistance 3: 3420

Technical Indicators: RSI is above the centre line which is supporting the uptrend for the week at 55.32 and CCI is also supportive at the level of 48.37.

Macroeconomic factors:

• Credit Suisse now believes Singapore's central bank will ease monetary policy in April, considering the weaker inflation outlook and subdued GDP (gross domestic product) growth prospects.
• A sudden new-year jump in Singapore interest rates threatens to push up mortgage costs and steepen a slide in home prices. The three-month Singapore interbank offered rate, against which most home loans are benchmarked, has risen 18 basis points to 0.6392% this year to the highest since April 2010, driven by a stronger US dollar and new liquidity requirements for Singapore banks.
• A bond index created by the Singapore Exchange (SGX) and Reuters tracking Singapore-dollar denominated bonds continues to hit new highs, outperforming the Straits Times Index (STI) for the week ended Jan 9, 2015.
• Singapore’s non-oil domestic exports in December were expected to fall versus a year earlier, a Reuters poll found, after recent business surveys showed the global economy ended 2014 on weak footing.
• SINGAPORE remains the favored Asean hub, where 80 per cent of multinational companies locate their regional head office, according to the latest findings of a Baker & McKenzie report released on Wednesday.
• Singapore shares could fall by 30% on average if the collapse in oil prices and fallout from Russia’s economic woes tips the world into recession, according to Maybank Kim Eng.
• Singapore is the third most expensive market for construction within the Asia region, according to the International Construction Cost Report, which was released on Thursday. This is despite the country having seen significant relative cost reductions over the past year.
• Singapore’s non-oil domestic exports (NODX) expanded by 2.3% in December on a year-on-year (y-o-y) basis, due to the rise in both electronic and non-electronic NODX.

Stock Trading Report & Market Review for STI 15th Jan

Share prices opened up on Thursday with the Straits Times Index up 5.53 points to 3,331.69.Oil prices fell in Asia on Thursday after a bargain-buying rally the day before lost steam, with a pick-up in US inventories reinforcing concerns about weak demand and a supply glut.

Open: 3330.75
High: 3341.48
Low: 3327.40
Close: 3332.62
Change(Points): +6.46
% Change: +0.19%
Volume: 650.6M
Rise: 159
Fall: 146
Unch: 490

Market forecast for STI: STI is in consolidation face. We may expect it will be same for last week of the day.

Support 1: 3320
Support 2; 3300
Support 3: 3275
Resistance 1: 3350
Resistance 2: 3373

Technical Indicators: RSI is at 51 and CCI is at 2

Important Factor for today:-

• Robust car sales boosted Singapore's retail sales in November, which rose 6.5 per cent year-on-year, according to the Department of Statistics.
• Singapore stocks held on to slim gains after a notable rebound in oil prices overnight lured traders back to the market, even as investor sentiment remained cautious amid persistent worries over global growth.
• Singapore is the third most expensive market for construction within the Asia region, according to the International Construction Cost Report, which was released on Thursday. This is despite the country having seen significant relative cost reductions over the past year.
• Real estate investment activity in Singapore fell by 57% q-o-q to $2.38 billion in Q4 2014.
• Singapore shares could fall by 30% on average if the collapse in oil prices and fallout from Russia’s economic woes tips the world into recession.
• Shares of Silverlake Axis fell as much as 5%, extending its 4.4% decline in the first three days of this week, after CIMB Group and RHB Capital confirmed media reports that their planned merger would be called off.

Singapore Stock Market Review for STI 14th Jan

Share prices opened flat with the Straits Times Index up 0.47 points to 3,341.54.Oil prices fell further , heading to six-year lows, while crude's weakness continues to test investor confidence, pushing the yen up and weighing on Asian equities. Most Asian stock a declined as the yen gained a fourth day against the dollar and commodity prices slumped. Trading Signals 

STI Day Performance
Open: 3336.43
High: 3349.19
Low: 3326.12
Close: 3326.16
Change(Points): -14.91
% Change: -0.45
Volume: 1161M
Rise: 126
Fall: 238
UnchL: 840 Market forecast for STI: STI is not in good position we may expect same trend in next trading session. Technical Indicators: RSI is at 51 and CCI is at 27.
STRAITS TIME  LEVELS
Support 1: 3320
Support 2: 3300
Support 3: 3275
Resistance 1: 3360
Resistance 2: 3373
Resistance 3: 3404 Important Factor for today:-

• SINGAPORE remains the favored Asean hub, where 80 per cent of multinational companies locate their regional head office, according to the latest findings of a Baker & McKenzie report released on Wednesday.
• Ernst & Young (EY) has appointed data analytics veteran Reuben Khoo as a new partner to boost its fraud investigation and dispute services (FIDS), a segment that has tripled in size in the Asia Pacific over the last four years.
• Deutsche Bank was sued in Singapore by Stanley Pan Fang-Jen, a co-founder of Hong Kong-based TPV Technology, over a US$32-million ($42-million) trading loss due to alleged false representations.
• Royal Dutch Shell restarted its ethylene cracker in Bukom, Singapore, this week following three-month maintenance and expansion works to raise the unit's capacity, trading sources not related to the oil major said on Tuesday.
• Global Logistic Properties (GLP) announced that it has incorporated four and acquired two new indirect subsidiaries.

SGX Stock Market Technical Analysis Outlook 13th Jan

The Straits Times Index gained 6.45 points to 3,344.89.Asian stocks were mostly firmer after benign Chinese economic data helped offset risk aversion generated by a continuing slide in crude oil prices, while the dollar fell to a one-month low against the safe-haven yen. High of the day was 3346 and low was the 3325. Trading Signals

Open: 3334.06

High: 3346.60

Low: 3325.43

Close: 3341.07

Change(Points): -3.820

% Change: -0.11%

Volume: 1371.1M

Rise: 143

Fall: 209

Unch: 851

Market forecast for STI: Still oil is a big factor and the continued worrying issues in the global economy pulled the market down and we may expect the same situation.

Technical Indicators: RSI is at 54 and CCI is at 43.

Support 1: 3301

Support 2: 3280

Support 3: 3260

Resistance 1: 3350

Resistance 2: 3374

Resistance 3: 3404

Important Factor for today:-

• Energy stocks took a hit in Asian trade as oil prices fell towards six-year lows with warnings of further volatility ahead but some rare upbeat Chinese trade data helped Hong Kong and Shanghai into positive territory.
• Resale prices of non-landed properties in Singapore inched up 0.1 per cent in December compared to the previous month, largely because of a 0.5 per cent rise in prices for suburban units.
• Singapore's non-oil domestic exports in December were expected to fall versus a year earlier, a Reuters poll found, after recent business surveys showed the global economy ended 2014 on weak footing.
• Oil prices slumped on Monday to nearly 6-year lows under US$48 (S$64) per barrel, hurting the energy sector, but euro zone stock markets pushed higher on stimulus hopes.
• A bond index created by the Singapore Exchange (SGX) and Reuters tracking Singapore-dollar denominated bonds continues to hit new highs, outperforming the Straits Times Index (STI) for the week ended Jan 9, 2015.
• Resale prices of non-landed properties in Singapore inched up 0.1 per cent in December compared to the previous month, largely because of a 0.5 per cent rise in prices for suburban units.