SGX Singapore Stocks Update

SGX Singapore Market Review

The stock market started on a steady note on Tuesday with the key Straits Times Index up 3.74 points or 0.13 per cent at 2,892.03.

Straits Time Index open lower @ 2879 levels and then recovers some points then gain fell down and made a low of 2874.31 and consolidated at this level finally trades up trend in the closing time and closed 2906.69

levels @ day high with gain of 18.40 points up by 0.64%.

A total of 3.16 billion shares were traded, generating revenues of $1.93 billion. Gainers outnumbered losers 355 to 102.

SGX For Tomorrow

STI manage to close itself above 2900 mark which is important for the up side trades after yesterdays fall STI opens and trades below 2900 mark most of the day but finally closed above 2900 levels.

As we mention in our weekly report that above 2910, it's challenging for STI to sustain this level and today STI faced resistance @ that level and slips from there, but took support @ its major support zone of 2880

STI closed above its 200 day MA level of 2887.86 @ 2609.69, now from this level if STI maintain its 2900 mark then it will be bullish some 100-120 points and if not then it will fell till 2700 mark too.

STI having nearest support @ 2870 and below this level it can take support @ 2850-2820 level is the major support level.

STI Support for Tomorrow

STI having nearest support @ 2870 and below this level it can take support @ 2850-2820 level is the major support level.

STI Resistance

STI having Resistance @ 2910and above this level it may take resistance from 2930-2950 levels.

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Singapore Stock Market Updates

STI Review

Stocks traded lower today, weighed by slower-than-expected growth in the United States and as poor earnings from major blue chips dragged on US equity indices. Straits Times Index dropped 9.14 points or 0.38 % to 2,907.12 in the opening.

Straits Time Index open lower on the 1 trading day of the week @ 2907.12 and then traded lower side and crossed its 2900 mark but took support @ 2980 level and again traded above 2900 level but can't sustain that level and slips and made a day low of 2881.68 and finally closed @ 2888.29 with loss of 27.97 points down by 0.96%.
 

On a turnover of $1.13 billion, a total of 1.5 billion shares were traded where losers outnumbered gainers 255 to 169.

Singapore Stock Market Tomorrow

After 4 week of winning strike, on the 1 Trading day of the week STI sheds some points from the previous days gain and closed below 2900 mark.

As we mention in our weekly report that above 2910, it's challenging for STI to sustain this level and today STI faced resistance @ that level and slips from there, but took support @ its major support zone of 2880
 

STI closed just below its 200 day MA level of 2889.22 @ 2888.29, now from this level if STI again crossed and maintain its 2900 mark then it will be bullish some 100-120 points and if not then it will fell till 2700 mark too.

STI Support

STI having nearest support @ 2860 and below this level it can take support @ 2840-2820 level is the major support level.

STI Resistance

STI having Resistance @ 2895 and above this level it may take resistance from 2910-2930 levels.

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Singapore Daily Market News

Trek 2000 International Ltd. has achieved another out-of-court settlement with memory product manufacturer and distributor, Patriot Memory LLC. This is its second success following the International Trade Commission Complaint filed against eight companies for alleged infringement of four USB-flash drive patents on June 15, 2011. Trek's first out-of-court settlement was reached with two companies of the Verbatim Group Corporation in October 2011, during which licensing agreement was established. In addition, the settlement included the recovery of legal costs. Likewise, Trek grants to Patriot a non-exclusive,  non-transferable, irrevocable license under the Licensed Patents to make, have made, use, import, offer to sell and/or sell Licensed Products worldwide during the term of the Licensed Patents.

Hong Knog Shares closed by 1.66% lower

Hong Kong shares fell 1.66 per cent on Monday, following a six-session winning streak and in line with a regional sell-off caused by weak US growth data. The benchmark Hang Seng Index lost 341.26 points to 20,160.41 on turnover of HK$66.52 billion (US$8.51 billion).

Chinese shares closed down 1.47 per cent on the first trading day after a week-long holiday, as investors booked profits in stocks that gained before the break, dealers said.

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Live Singapore Business News

53.54% of SMB United shareholders accept Osaki's offer

The shareholders of SMB United Limited who have accepted the voluntary cash offer by Osaki Electric Co Ltd can expect to receive payment within 10 days. Osaki Electric said on Friday that it has received 53.54 per cent acceptance for its offer. Accordingly, the offer has become unconditional as to acceptance. The offer will remain open for acceptance until February 27, 2012 at 5.30pm.

Strait Times Index Slightly down

Singapore shares edged lower by mid-day after rising for four straight sessions, with commodities firm Olam International and rig builder Sembcorp Marine shedding more than 1 percent each. Among stand-out gainers, shares of Singapore-listed forestry firm United Fiber System Ltd surged as much as 71 percent after it struck a S$1.5 billion reverse takeover deal with Indonesian coal miner PT Golden Energy Mines Tbk. By 0530 GMT, the Straits Times Index was down 0.1 percent, or 3.21 points, at 2,891.22. The index has advanced around 9 percent so far this year, making it the best performer among major Southeast Asian markets.

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Singapore Stock Market News

Stock Market Update

Unexpected Soar In Manufacturing Output In December Industrial production soared 12.6% in December over last year – close to double that of market consensus of 6.4%. This unexpected spike in industrial output has spurred market talk of an upward revision to estimates of 4Q11 and 2011 GDP growth.

Samsung Profit rises up by 17% with record

Samsung Electronics Co's quarterly profit rose 17 per cent from a year earlier on the strength of sales in smartphones and flat panels. Samsung said Friday in a regulatory filing that its net profit reached 4 trillion won (US$3.5 billion) in the three months that ended in December. The company earned 3.4 trillion won a year earlier. The Suwon, South Korea-based company said its operating profit jumped 75.8 per cent to 5.3 trillion won in the same quarter. The figure was closely in line with the company's estimate last month of a 73 per cent rise.

Samsung, the world's biggest manufacturer of memory chips and liquid crystal displays, said demand for semiconductors in mobile products and servers remained solid despite weaknesses in personal computers. The company also said it was able to consolidate its profit in smartphones and flat television sales, noting its efforts to expand electronics parts businesses to secure future growth potential. 

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Singapore Daily Stock Market News

Singapore Stock Market Review

Singapore equities opened higher on Wednesday after a long weekend, with the key Straits Times Index up 19.32 points or 0.68 per cent to 2,868.70.

Straits Time Index open above its 2860 level @ 2864.93 and then just made a low of 2860 and took support @ that level and then trades higher side and made a high of 2891.64 and finally closed @ 2891.64 with gain of 42.26 points up by 1.48%. Some 1.30 billion shares worth S$1.48 billion changed hands. Gainers outdid losers

265 to 126.

 

Singapore on Wednesday reported annual inflation of 5.5 % for December, slightly down from November's 3 year high of 5.7 %, but it warned that cost pressures will stay elevated for a few more months before easing.

Stock Market For Tomorrow

After long weekend markets flourish in the morning hours and continue the upbeat full day and finally closed @ day high 2891.64.

STI maintain itself above the 2860 mark all day and closed well above the major level @ 2860, STI made a high of 2891 very near to its 200 day MA level of 2893.61 so for the coming day if STI will maintain itself above 2895 levels then it will surely cross its previous high of 2910 where the STI facing resistance various time.

As we mention in our previous reports that STI forming a technical pattern and its reacting in the same way and now we expecting that it will touch the 2910 levels if sustains above 2895 level in the coming days.

STI Support Tomorrow

STI having nearest support @ 2860 and below this level it can take support @ 2840-2820 level is the major support level.

STI Resistance Tomorrow

STI having Resistance @ 2895 and above this level it may take resistance from 2910-2930 levels.

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Singapore Business Updates

Tokyo Stock Gained 0.37%

Tokyo stocks gained 0.37 percent Tuesday morning, boosted by a weaker yen and hopes that Greece will manage to reach a deal on a debt write-down with private bondholders. The Nikkei 225 index at the Tokyo Stock Exchange was up 32.35 points to 8,798.25 by the break after briefly topping the 8,800 mark for the first time since November.

Automakers were higher, led by Toyota Motor with a 2.86 percent gain to 2,798 yen. Sony lost 2.18 percent to 1,391 yen on profit-taking after the Nikkei business daily reported the electronics giant has proposed a capital alliance with scandal-hit Olympus. Olympus was flat at 1,297 yen. The Dow Jones Industrial Average of 30 blue-chip stocks closed up 0.76 percent at 12,720.48 on Monday while the Nasdaq Composite lost 0.06 percent to 2,786.70.

Sony sets up leadership campus in Singapore

Sony Corp. has established its first leadership campus outside Japan to train executives with skills to grow the company's business in Asia's emerging markets, company officials said. The company expects to invest about 4.5 million Singapore dollars ($3.5 million) over the next three years for the Sony University campus in Singapore. Between 70 and 100 Sony executives a year, mainly from Asia, will undergo training for three to six months at the Singapore campus, which occupies nearly 315 sq. meters on the ninth floor of an office building in the western part of the island state. The first training session is expected to take place from March.

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Emailer Images

Ready to celebrate Singapore New Year Fest

Party at Siloso Beach

This 1.2 km beach has been sectioned off into five distinct party zones, each filled with concerts, music, dancing, eating and fringe activities like firewalking. And hey, if the countdown is getting too hot for you, why not dip in the giant foam pool to cool off? Don’t forget to don your board shorts and bikinis for a quick splash. 

Ready for Chinese New Year 2012? Wishing health, wealth and happiness for everyone, Singapore rings in the year of the auspicious dragon with brighter lights, bigger celebrations and great dragon dramatics.

While Chinese New Year officially falls on 23 and 24 January 2012, the days leading up to this significant occasion are full of pomp and revelry. The celebrations kick off with the Chinese New Year Celebrations 2012 Street Light-Up that turns the main streets of Chinatown into a dazzling dreamscape of colourful dragon-themed decorations. From 21 to 29 January 2012, the River Hongbao 2012 transforms The Float at Marina Bay into a captivating spectacle of lights.

Most of the celebrations planned and observed on New Year’s Eve in Singapore, are in accordance with the Chinese traditions and beliefs. Following the traditional lunar calendar, an extended fifteen days of celebration takes place, in which everyone in Singapore enthusiastically participates. All the streets, buildings, and markets are decorated with colorful lights. Also, people in their respective selves also decorate their houses, and put on the illuminating lights all over the place. As people prefer to engage in shopping, markets make sure to attract more of them by making luring offers, and by placing latest and best products for sale.

Usually, most of the people plan out a special dinner for the evening, in which all close friends and relatives, are invited. Spending time with friends, relatives, and family is considered as an intrinsic part of New Year’s Eve in Singapore, as it is considered to symbolize for a reunion time with old and new friends, relatives, and family members.

Enjoy This New Year with full of Joy & Happiness  

Singapore Stock Market News

Goldman Sachs started coverage of Singapore-listed logistics company, Global Logistic Properties (GLP) (GLPL.SI), with a buy recommendation and set a 12-month price target of $2.34. By 10:20 A.M., GLP shares were up 1% at $1.865. The stock fell 13% since the start of last year. Goldman Sachs said GLP’s size and depth of its network in China and Japan displayed key competitive advantages.

Singapore Stock Market Updates

Singapore shares were higher at midday on Friday with the Straits Times Index gaining 14.10 points, or 0.50 per cent, to 2,825.30. On a turnover of $834 million, a total of 746.6 million shares were traded where gainers outnumbered losers 176 to 108.

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SGX - Singapore Stock Market for Tomorrow

STI Review

Singapore equities opened higher, tracking overnight gains in US stocks, with sentiment boosted by reports that the International Monetary Fund was planning to increase its lending capacity to help countries cope with the euro zone debt crisis.

Straits Times Index added 20.27 points or 0.73 per cent to 2,815.67 in the opening and then it slips below the opening level buy took support @ 2805 levels above 2800 mark and in the midday added some points and trades higher side and made a high of 2818.90 and finally closed @ 2811.20 above the Resistance of 2810 and added 15.80 points closed up by 0.57%.

On a turnover of $666.7 million, a total of 748 million shares were traded where gainers outnumbered losers 241 to 86.

STI for Tomorrow

After a huge rally of 2 days back and as STI trading above its 2800 mark so today it was a ranging trading day.

STI maintain itself above the 2800 mark all day and closed above well above the major level @ 2811, today we saw a very range bound movement in the market which may be reason of coming up holidays or we can say it's a relax session after a huge rally.

Now if STI able to sustains above this 2792 levels as it opens above this today and hold 2800 mark whole day, then we expect that it can touch the 2900 mark soon. and on the other side if it will crossed this level and maintain below this then it seems little negative.

STI Support for tomorrow

STI having nearest support @ 2792 and below this level it can take support @ 2770-2750 level is the major support level.

STI Resistance for Tomorrow

STI having Resistance @ 2820 and above this level it may take resistance from 2840-2855 levels.

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Asian Share on two month high

Asian shares rose to a two-month high and the euro firmed on Thursday after news that the International Monetary Fund was seeking to boost its resources to tackle the euro zone debt crisis helped ease worries about Europe's funding difficulties. Smooth debt sales by Portugal and above-estimate earnings from Wall Street powerhouse Goldman Sachs Group Inc (GS.N) added to the positive mood, just as investor risk-aversion had started to weaken after assets posted gains early in the new year.

Japan's Nikkei average (.N225) rose 1.3 percent, hitting a five-week high. (.T) Markus Rosgen, head of Asia strategy at Citigroup in Hong Kong, said the recent resilience in equities suggests a rebalancing from last year's extreme risk-aversive stance, which could leave fund managers underperforming if prices kept rising.

Hong Kong shares rose on Thursday following a strong close on Wall Street, which was lifted by financials, a sector also in focus in local markets after China's central bank took steps to battle a money squeeze ahead of the Lunar New Year.

The People's Bank of China injected cash into the financial system through reverse bond repurchase agreements ahead of the holidays, starting next week, which are normally a period of heavy bank withdrawals by firms and households.

Chinese banking stocks, among the most heavily weighted on Hong Kong's bourse, were the main beneficiaries of the move. The Hang Seng index was up 155.54 points or 0.79 per cent at 19,842.46.

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SGX - Singapore Stock Market for Tomorrow

SGX Review

Straits Times Index dropped 10.31 points or 0.37 % to 2,805.54 on Wednesday morning following a selloff in Wall Street late in the session overnight, prompted by a steep drop in Citigroup's profit that led investors to unload bank shares.

STI opens lower just above 2800 mark @ 2805.54 but in the mid day edged slightly higher and made a high of 2824.72 but cant able to hold that higher level and fell down below 2800 mark and took a support @ given level of 2792 and finally closed @ 2795.40 with loss of 20.45 down by 0.73% .

In the midday STI tracking gains in other bourses, as economic data from China pointed to a soft lending that will allow officials to ease monetary policy. Volume was 1.24 billion shares worth $1.45 billion. Losers led gainers 217 to 145.

SGX Singapore for Tomorrow

After an unexpected up rally of yesterday in STI today it cool off the previous days gain and closed in a negative zone.

STI closed below 2800 mark it took support at our given support level of 2792 but it closed near to this level which shows a bearishness in the STI , buy if it will sustain above 2800 mark in coming day then it could cross today's higher level of 2825- 2830.

Now if STI able to sustains above this 2792 levels then we expect that it can touch the 2900 mark soon. and on the other side if it will crossed this level and maintain below this then it seems little negative.

STI Support

STI having nearest support @ 2792 and below this level it can take support @ 2770-2750 level is the major support level.

STI Resistance

STI having Resistance @ 2810 and above this level it may take resistance from 2830-2850 levels.

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Singapore SGX up in noon trading

Singapore shares inched 0.23 per cent up by the midday trading break on Wednesday.

The Straits Times Index gained 6.36 points at 2,822.21. A total of 604 million shares were traded in the morning session, at a turnover of S$657.6 million. Gainers led losers 136 to 120.

Singapore Stock Market Live Updates

Shares of Broadway Industrial Group Ltd, surged as much as 11 percent as traders cited consolidation talk in the sector after recent declines. By 0207 GMT, shares in the precision moulding manufacturer were up 9.6 percent at S$0.285 with 13.1 million shares traded, nearly 11 times its average daily volume traded over the last five sessions. Last week, Apple Inc, a company notorious for keeping its supply chain a secret, released a list of its major suppliers. Broadway was included in the list.

Economists stated the bounce-backs in shipments of drugs are typically not an indication of a sustained change in growth. Going forward, economists opine that a slowdown in growth in Asia as well as the debt woes in Europe and the weakness in the US economy may all put downward pressures on NODX.

STX OSV: Majority Shareholder, STX Europe AS Exploring Potential Sale.
STX OSV Holdings Limited has been informed that its majority shareholder, STX Europe AS, is exploring a potential sale of its shares in the Company and has retained JPMorgan Chase Bank, N.A., Hong Kong Branch and Standard Chartered Securities Korea Limited in connection therewith.

China trade growth seen modest in difficult Q1
China's export and import growth will show stable and modest growth in the first quarter of 2012 despite difficult trade conditions, the Ministry of Commerce said on Wednesday.

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SGX - Singapore Stock Market for Tomorrow

Strait Times Index Review

Singapore share prices rallied on Tuesday to more than make up for Monday's fall. STI opens higher added 12.83 points or 0.47 per cent to 2,769.32.

STI opens higher above resistance of 2765 and traded higher side as follow the as stronger-than-expected economic data from China boosted market confidence and pushed up commodity, STI traded in the one side and crossed its major Resistance of 2792 and made a high of 2815.85 and finally closed @ day high with gain of 59.36 points up by 2.15%.

On a turnover of $1.44 billion, a total of 1.34 billion shares were traded, where gainers outnumbered losers 292 to 87.

Strait Times Index For Tomorrow

STI unexpectedly given a rally and hits 2-month highs closed above 2800 mark with good gains was trades in a one sided.

STI crossed its multiple Resistance level of 2792 and closed well above this level with forming a highly bullish candlestick pattern which is single candle called white Marubozu pattern characterized with a long white
body having no shadows on either end. It is an extremely strong bullish candlestick pattern.

Now if STI able to sustains above this 2792 levels then we expect that it can touch the 2900 mark soon.

STI Support

STI having nearest support @ 2792 and below this level it can take support @ 2770-2750 level is the major support level.

STI Resistance

STI having Resistance @ 2830 and above this level it may take resistance from 2850-2875 levels.

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Live Singapore SGX Market Updates

Key Terms

- Singapore Share Up at noon

- Malasia Market on rang bound at midday trading.

- Ashian Market groom by Dollar downside.

Singapore attracted S$13.7 billion ($10.6 billion) in fixed asset investments in 2011 and hopes to bring in S$13-15 billion this year despite the problems in Europe, the city-state's investment planning agency said on Tuesday. The fixed asset investments received last year were at the top end of the government's S$12-14 billion forecast and exceeded the S$12.9 billion in 2010, the Economic Development Board (EDB) said in a statement.

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Live Singapore SGX Market updates

China Economy Fall, Asian Stocks up by this Result

China's economy grew at its weakest pace in 2-1/2 years in the latest quarter and it appeared headed for an even sharper slowdown in the coming months as export demand fades and the housing market falters.

The fourth-quarter year-on-year growth of 8.9 percent, although slightly stronger than the 8.7 percent that economists polled by Reuters had predicted, may give Beijing yet another reason to gently ease monetary policy, most likely by reducing the amount of reserves that large banks must hold.

China’s economy expanded at the slowest pace in 10 quarters as export demand moderated and a prolonged campaign against consumer and property-price gains cooled growth.

Tuesday's data showed net exports subtracted from 2011 growth while consumption contributed more than half. Some analysts think China's first-quarter growth will be below 8 percent threshold seen as the minimum for assuring sufficient job creation.

Singapore STI Market Updates

With the ABSD in place, private home sales this year will largely depend on the economic outlook and the resilience of foreign interest. Forecasts by property consultants indicated sales of 9,000 to 14,000.

M1 was the first to introduce specific price segmentation based on usage of 3G mobile data plans. Going forward, it looks to extend the same pricing principle to its Long Term Evolution (or 4G) data bundles by repackaging them according to customer usage. Such a pricing change could help to recoup the high acquisition costs of data customers.

To achieve a higher trading volume, SGX will strategically introduce new products such as exchange-traded funds and algorithmic trading. Though such initiatives are sound, CIMB highlighted they would probably only yield significant results in the longer term and maintained its ‘Underperform’ rating.

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Singapore Stock Market (STI) for Tomorrow

Singapore Market Review

Singapore shares are set to fall on Monday after ratings agency Standard & Poor's downgraded the credit ratings of nine euro zone countries, including France which lost its top-notch AAA status. Market opens @2760.75loss of 30.79 points or 1.08% on opening.

STI opens down and trades down all the day it fell by midday, largely in line with regional markets, as the mass euro-zone sovereign debt rating cuts by Standard & Poor's, STI made a low of 2746.60 below its major support of 2750 and finally closed 2756.49 with loss of 35.05 point down by 1.26% .

Some 400.7 million shares worth S$355.9 million were traded, compared with 510.3 million shares worth S$471.9 million at the same time on Friday. Singapore Exchange Ltd, Asia's second-largest listed bourse operator, fell 1.6 nd percent ahead of fiscal 2 -quarter results that will likely show a sharp drop in net
profit.

STI For Tomorrow

Today the Singapore market was in negative territory for the euro zone reason but still it looks more bearish.
 

As we mention in our weekly report that STI having a multiple resistance level @ 2792-95 levels and it can face major resistance at this level and STI follow this and trades lower.

Today STI formed a bearish candlestick pattern which covers ¾ of last day green candle and closed down and we expect that STI may negative from this level.

STI Support

STI having nearest support @ 2740 and below this level it can take support @ 2720-2690 level is the major support level.

STI Resistance

STI having Resistance @ 2765 and above this level it may take resistance from 2785-2795 levels.

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Singapore Stock Market fall by 12 %, 2 years lowest profit.

- Net profit S$65.4 mln; Reuters consensus S$60 mln

- CEO cautious on outlook, says to keep costs under check

- Derivative revenue surprise on the upside

- SGX shares fall 27 pct in 2011, underperform broader market.

SINGAPORE, Jan 16 (Reuters) - Singapore Exchange Ltd , Asia's third-largest listed bourse, reported its lowest profit since March 2009, as weakness in global markets hurt its core securities business, and the bourse operator gave a cautious outlook. The results were however above market expectations as volatility boosted SGX's derivatives revenue. SGX was hit by a sharp drop in securities turnover, as investors shunned risk, while fund raising activities in capital markets were curtailed due to Europe's debt crisis.

SGX's securities market revenue fell 34 percent to S$53.2 million in October-December from a year ago, hit by a 37 percent decline in securities daily average trading value to S$1.1 billion. Derivatives revenue rose 11 percent to S$37.7 million as volatile markets led to a rise in volume for derivative products, partly helped by increased bets on Nikkei options and Chinese futures. SGX shares ended 2.2 percent lower on Monday.

The Singapore bourse operator has a market value of about $5 billion, slightly below ASX. Hong Kong Exchanges and Clearing Ltd is the biggest listed bourse in Asia with a market capitalisation of $17 billion at the close of Friday's session.

Singapore’s Straits Times Index dropped 1.3 percent to 2,756.49 at the close. All but four shares declined in the 30-member gauge.

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Singapore SGX - Stock Market Updates

Singapore economy has started to show signs of a slowdown, particularly in electronic sector, although the city-state will be able to weather the uncertainties ahead, local newspapers reported on Monday, citing Prime Minister Lee Hsien Loong. Lee also reiterated the Southeast Asian country is expecting a more conservative annual growth of between 1-3 percent. His comments came ahead of the country's non-oil domestic export data on Tuesday.

Singapore's trade-driven economy contracted in the last quarter of 2011, signalling it might slip into technical recession as a slump in manufacturing output and a slowdown in external demand hurt exports.

Singapore shares are set to fall on Monday after ratings agency Standard & Poor's downgraded the credit ratings of nine euro zone countries, including France which lost its top-notch AAA status. 

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STI for next week - 16-20 Jan

Support & Resistance

S1 - 2770
S2- 2740
S3- 2700
R1 - 2790
R2 - 2830
R3 - 2850

Singapore SGX Updates

Tokyo Stocks Up along with US Gains

Tokyo stocks rose Friday morning as sentiment brightened on eased fears over the European debt crisis and an overnight rise on Wall Street. The Nikkei 225 index at the Tokyo Stock Exchange added 1.05 percent or 88.24 points to end the morning session at 8,473.83. The Topix of all first section shares rose 0.72 percent or 5.21 points to 732.36. Smooth bond auctions overnight for Italy and Spain lifted spirits, as did rises in other Asian markets.

US stocks shrugged off disappointing retail sales and jobs data Thursday to add gains after a mixed day in crisis-mired Europe. The Dow Jones Industrial Average closed up 0.17 percent to 12,471.02.

Straits Times Index(STI) Updates

Our preference: Bearish below 2785 with 2640 and 2575 as targets.

Alternative scenario: above 2785, eye 2905 and 3000 in extension.

Comment: the index is expected to challenge its nearest resistance at 2785 in the coming days.

Trend: ST Ltd Upside; MT Range, we have been neutral since 13 JAN 2012 (2763).

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Singapore STI Stock Picks for Tomorrow

Straits Time Index support & Resistance Tomorrow

S - 2720, 2690, 2670

R - 2760, 2775, 2790

STI Review for the Day

The market kicked off cautiously on Thursday as investors waited for the results of bond auctions for Italy and Spain which could determine the direction of the euro zone crisis.

STI lost 2.30 points or 0.08 % to 2,744.83. STI opens flat and then it fell down and took support @ 2732.31 levels and turn back from that lower level and trades upwards and made a high of 2759.77 and facing Resistance near to 2760 levels and fell again and closed @ 2743.66 with loss of 3.47 points down by 0.13%.
A total of 958.3 million shares, valued at $920.3 million were traded where losers outnumbered gainers 198 to 172.

Singapore Market Tomorrow

Today the Singapore market was volatile as it traded both the direction and finally closed almost same level where it closed yesterday.

As STI yesterday crossed its 50 day MA level and closed above this, today also it was traded above its 50 day MA level of 2720.49 and closed well above this level but in loss from yesterday.
 

Today STI formed a candlestick pattern called The Black Spinning Top it is a single candlestick pattern. Its shape is a small black body with upper and lower shadows having a greater length than the body's length.
STI today also closed near to Resistance of 2750 and we expect that it can cross this level and if it will do this then STI could be bullish for more 50-100 points. On the other side 2720 mark is the major support level for STI.

STI Support

STI having nearest support @ 2720 and below this level it can take support @ 2690-2670 level is the major support level.

STI Resistance

STI having Resistance @ 2760 and above this level it may take resistance from 2775-2790 levels.

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Singapore SGX Exchange - Business Updates

Tai Sin - Acquisition Of 52.5% Of Cast Laboratories

Tai Sin Electric Limited wishes to announce that the Company has, on 12 January 2012, entered into a conditional Investment Agreement to acquire 52.5% of the issued and fully paid-up share capital of Cast Laboratories Pte Ltd for a total purchase consideration of S$4,500,000 and to regulate the affairs of Cast Lab and the respective rights of its shareholders on the terms and conditions set out in the IA. The IA is scheduled to be completed on 31 January 2012. The Cast Lab Group offers independent testing, inspection and certification services as well as heat treatment and specialised geotechnical services in Singapore with regional presence in Malaysia, Indonesia and Thailand...

Samsung may consider alliance with Japan's Olympus

South Korea's Samsung Electronics is open to forging an alliance with Japan's troubled Olympus Corp, potentially joining other electronics firms in circling one of the world's biggest names in medical equipment, sources said.

Samsung's major Japanese rivals, Sony and Panasonic , have already shown interest in Olympus, now in need of capital after being swamped by a US$1.7 billion accounting scandal over the past three months, sources in Tokyo have told Reuters. Olympus is best known for cameras, but makes most of its money in healthcare, dominating the market for gastro-intestinal endoscopes which are seen as the kind of high-tech, profitable and stable business that electronics firms would covet. Samsung has ruled out any interest in Olympus' loss-making camera business, but a company source said on Thursday that it might consider an alliance with Olympus in other areas.

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Rupies Open up on Dollar

The rupee rose in early trade on Thursday, helped by dollar flows into local debt, with the November industrial output data watched for cues on economic growth and possible RBI action.

At 9:03 a.m. (0333 GMT), the rupee was at 51.85/86 to the dollar, higher than Wednesday's close of 51.90/91.Industrial output likely rose at an annual rate of 2.2 percent in November, a Reuters poll showed. The data is due at 11 a.m. (0530 GMT).

On 2 Weeks High Tokyo Future

The benchmark rubber contract on the Tokyo Commodity Exchange, June 2012, hit a high of 279.7 yen a kg, its strongest since Dec. 26, and was steady at 277 yen by 0101 GMT. * Thailand could buy up to 200,000 tonnes of unsmoked rubber to push up prices to 120 baht ($3.79) per kg, from around 95 baht, after protests from farmers over low prices, government and farmers' officials said on Wednesday.

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Singapore Straits Times Tinex(STI) Live Updates

Singapore Market Support Tomorrow - 2720, 2690, 2670

Singapore Market Resistance Tomorrow - 2750, 2765, 2785

STI Review

Singapore market started little changed on Wednesday with the key Straits Times Index up 2.07 points or 0.08 % to 2,721.90.investors is cautious in the near term due to the debt woes in the euro zone.

 

STI opens in positive zone and then in the mid day STI stocks up ward traded because of gain in rig builders and STI made a high of 2747.13 very near to its major resistance of 2750 and finally closed with gain of 27.30 points up by 1 % @ day's high of 2747.13.
 

Volume traded was 1,123.1 million, valued at S$1,314.9 million. Gainers outweighed losers 253 to 123.

STI for Tomorrow

Today STI open in the positive zone and it maintain itself to close above 2700 mark as we told in our previous report, which is positive sign for market.

STI crossed and maintain its 50 day MA level of 2721.82 and closed near to major Resistance level of 2750 @ 2747.13 closed @ day High.

STI formed a candlestick pattern called The White Closing Marubozu this is a single candlestick pattern characterized by a long white body with no upper shadow. This is an extremely strong bullish candlestick pattern. The day opens, the prices then slightly go lower creating the lower shadow but then prices continue to go up all day thus forming a long white day. And closes at the high of the day and hence with no upper shadow.

STI opens up and trades also up side and closed near to its 50 day MA level , today also it closed @ day high and near to Resistance of 2750 and we expects that it can crossed this level and if it will do this then STI could be bullish for more 50-100 points. On the other side 2720 mark is the major support level for STI.

STI Support 

STI having nearest support @ 2720 and below this level it can take support @ 2690-2670 level is the major support level.

STI Resistance

STI having nearest support @ 2720 and below this level it can take support @ 2690-2670 level is the major support level.

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Singapore Stock Market Updates

SPH’s 1Q12 Profit Edges Down 4.7% -

Singapore Press Holdings’ (SPH) profit edged down 4.7% to $97.5 million for the first quarter ended 30 November. The dip in profit was largely due to lower investment income, despite the rise in recurring earnings. Asian shares were mostly higher Wednesday, tracking gains on Wall Street where US stocks closed at their highest level since July amid positive corporate earnings and consumer spending data.

Market Updates Singapore

Sydney added 0.93 percent, Tokyo was up 0.22 percent, while Seoul edged down 0.32 percent.

Hong Kong was 0.15 percent higher while mainland Chinese shares dipped into negative territory, slipping 0.16 percent. Markets and the euro were also buoyed by news that ratings agency Fitch was not planning to strip France of its top triple-A rating for 2012, easing persistent concerns over Europe's fiscal woes.

Singapore shares may higher on Wednesday after U.S. stocks rose to a five-month high on hopes for strong corporate earnings, though investors are likely to remain cautious in the near term due to the debt woes in the euro zone.

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Straits Times Index(STI) Review

Singapore equities opened slightly higher on Tuesday, tracking overnight gains in US stocks. Straits Times Index added 10.56 points or 0.39 % to 2,701.84. 

Straits Times Index opens with gape @ higher side and then it slightly fell and took support @ 2699 levels and then it turns back and made a day high of 2721.62 and finally closed above the Resistance level of 2715 @ 2719.83 with gain of 28.55 points up by 1.06%. A total of 856.5 million shares were traded in the market at a value of $921.4 million. Gainers led losers 241 to 95.

STI For Tomorrow

Today STI open in the positive zone and it maintain itself to close above 2700 mark as we told in our previous report, which is positive sign for market.

STI today closed and trades its 200 week MA level of 2705 and closed above the Resistance level of 2715 which is good sign for STI and if we see in charts STI crossed its down slopping trend line which is made by lower highs and STI maintaining itself above this line.

STI opens up and trades also up side and closed near to its 50 day MA level , today also it can't crossed this level 2823.57 but we are expecting that it will crossed this level in coming days, and if it will crossed and maintain above this level then it could be more bullish for 50-100 points.

On the other side 2700 mark is the major support level for STI.

STI Support 

STI having nearest support @ 2690 and below this level it can take support @ 2670-2650 level is the major support level.

STI Resistance Tomorrow

STI having Resistance @ 2725 and above this level it may take resistance from 2740-2760 levels.

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STI Calls for Today

BUY GENTING SINGAPORE PLC ABOVE 2.040 WITH SL 2.000 FOR 5-6 DAYS TARGET OF 2.080-2.12-2.16.

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Live Singapore Exchange News

Japanese shares added 0.45 percent by the break Tuesday, on bargain hunting following overnight gains on foreign markets.

The Nikkei index at the Tokyo Stock Exchange rose 37.48 points to 8,422.14 in the morning session. The Topix index of all first section shares rose 0.46 percent or 3.37 points to 732.97. Bargain hunting lifted the market after a selloff on Friday, Toshiyuki Kanayama, senior market analyst at Monex, told Dow Jones Newswires. The stock exchange was closed on Monday for a national holiday.

Gains on Wall Street, where the Dow Jones Industrial Average finished up 32.77 points (0.26 percent) at 12,392.69 on Monday, also improved sentiment, analysts added.

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Singapore Share Prices Live updates, STI Review

Support - 2680, 2660, 2640

Resistance - 2715, 2735, 2750

STI Review

The market kicked off on a soft note on Monday with the key Straits Times Index down 10.29 points or 0.38 % to 2,705.30. In the broader market, losers beat gainers three to one in a volume of 41.70 million shares valued at $54.40 million.

Straits Times Index opens with gape down @ support level of 200 week MA level of nd 2705 and then it fell down and took support @ 2683.15 and then in the 2 half it recovers from lower levels and made a high of 2707.53 and finally closed below 2700 mark @ 2691.28 with loss of 24.31 points down by 0.90% wow Basis. Volume was 904.80 million shares worth $738.70 million. Losers led gainers 208 to 136.

Straits Times Index for Tomorrow

After taking a good rally in the last week, STI this week starts in a negative zone and cant able to maintain the last week's upbeat.

STI breached its 200week MA level of 2705 and traded below the 2700 mark and also closed below this level @ 2691.28 and we are expecting that it will continue to trade in the below 2700 ark in coming days.

STI opens down and traded lower levels till midday and then it took support @ 2683.15 levels and made a high of 2707 its try to closed above 2700 mark but it can't able to control itself above the 2700 mark.

STI Support

STI having nearest support @ 2680 and below this level it can take support @ 2660-2640 level is the major support level.

STI Resistance

STI having Resistance @ 2715 and above this level it may take resistance from 2735-2750 levels.

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Straits Times Index - Singapore Stock Live Updates

SGX Takes Unprecedented Move Against China Sky

The Singapore Exchange (SGX) has resorted to applying for a court order to enforce its directive on a defiant S-chip company, China Sky Chemical Fibre (China Sky). China Sky missed a 5 January deadline to appoint special auditors to investigate transactions between the company and a former independent director as well as a failed land acquisition in China. SGX said on 6 January that it has applied to the High Court for a court order to enforce its directive. SGX has also applied to the High Court for China Sky and its directors to comply with listing rules to appoint at least two independent directors resident in Singapore and to obtain SGX approval for the appointments. Supporting SGX’s unprecedented move, the Monetary Authority of Singapore pointed out that the Securities and Futures Act empowers the exchange to apply for a court order to enforce compliance with its listing rules.

Singapore Market News

Most emerging Asian currencies slid against the euro on short-covering on Monday as the single currency was seen oversold versus some of the regional units.Asian currencies also came under pressure against the firming dollar on renewed concerns about the euro zone debt

crisis.

Emerging Asian currencies are expected to remain weak as the debt crisis drags on and weighs on global growth, but they could claw back some ground against the euro, dealers and analysts said. 

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STI - Singapore stock Exchange News

Singapore Daily Stock Market News

CDL Acquires Third Site In China For Rmb540m

Local property group, City Developments (CDL), announced that it had secured a site in Chongqing for Rmb540 million ($110 million). The acquisition, the third in slightly more than a year, is part of the firm’s strategy in actively expanding in China. The land parcel in Chongqing, acquired through a government land tender on 4 January, can be developed into a gross floor area of 108,686 square metres, translating to about Rmb4,968 ($1,018) per square metre per plot ratio. CDL intends to build 900 residential apartments and a commercial complex on the plot and expects the development to be popular given its Jialing River frontage and its proximity to the central business district. CDL intends to target the mid-to-high-end segment of the market with its development, and expects to sell its residential units at about $18,000 per square metre, when the development is launched in the middle of next year.

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Singapore Stock News

Singapore shares fell by midday on Friday, in line with the regional trend, as local traders took a breather after three consecutive days of gains.

U.S. jobs data due later in the day will probably set the tone for next week.

At 0500 GMT, the Straits Times Index (STI) was down 0.4 percent, or 11.74 points, at 2,701.28. Nearly 310 million shares worth S$281 million ($217 million) were traded, compared with 390 million shares worth S$333.8 million at the same time on Thursday.

Shares of Singapore's United Overseas Bank Ltd and Oversea-Chinese Banking Corp Ltd fell 1.8 percent and 1.3 percent, respectively. DBS Group Holdings Ltd retreated by a smaller 0.9 percent despite news of unauthorised withdrawals from some customer accounts.

Asian Market Down

Asian stocks (MXAP) slid the most in three weeks, oil fell and South Korea’s won weakened as concern about Europe’s debt crisis outweighed forecasts for U.S. employment gains. The euro traded near a 15-month low versus the dollar.

SGX - Singapore Stock Market for Tomorrow

Singapore Stock Market review

The Singapore market opened mixed on Thursday following further contraction in Singapore's manufacturing sector and as euro zone concerns persisted.

Straits Times Index rose 2.21 points or 0.08 per cent to 2,713.23 and after opening it consolidates some time and then it took support@ 2708 levels and then boom and crossed its 50 day MA level and made a day high of 2733.86 and then consolidate @ higher level and fell from that higher level and closed @ 2713.02

levels with gain of 2 points up by 0.07%.

On a turnover of $710.9 million, a total of 847 million shares were traded where gainers outnumbered losers 176 to 157.

SGX Forcast

STI was taking a good rally today it crossed its 50 day MA level after a month move,it was trading below its MA level and also closed with gain.

STI crossed its down slopping trend line which was a strong Resistance for STI from past few months and STI cant able to cross this line . This line draws by lower highs.

And today STI crossed this and sustain above this line.

STI formed a spinning top which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference

between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Singapore Stock Market support

STI having nearest support @ 2690 and below this level it can take support @ 2660-2640 level is the major support level.

Singapore Stock Market Resistance

STI having Resistance @ 2735 and above this level it may take resistance from 2755-2775 levels.

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Singapore Stock Market for Tomorrow

Singapore Stock Market Review

Singapore equities opens higher today after US and European shares rallied overnight on better-than-expected economic data from China, Germany and the United States.

Straits Times Index added 25.18 points or 0.94 % to 2,713.54 in the opening and then it fell down and breached the 2700 mark and took support @ 2694 levels and again takes a turn and closed near to days high of 2711.02 with gain of 22.66 points up by 0.84%.

As STI closed stronger its Volume was 865.70 million shares worth $832.10 million. There were 174 decliners versus 168 risers.

STI Forcast

Today STI opens higher but not sustain the higher level and fell down and made a low of 2694 and took support at this level and again recovers and closed near to days high.

STI opens above the Resistance level of 2695-2705 and also closed above this level, technically STI trading @ its down slopping trend line which was act strong Resistance past few months and STI cant able to cross this line . This line draws by lower highs.

With the previous day movement today also STI opens and trades in uptrend and

closed near to high so it formed a candlestick pattern called White Opening

Marubozu is a single candlestick pattern characterized by a long white body. It has

an upper shadow but no lower shadow. This is a strong bullish candlestick pattern.

STI Support

STI having nearest support @ 2690 and below this level it can take support @ 2660-2640 level is the major support level.

STI Resistance

STI having Resistance @ 2725 and above this level it may take resistance from 2740-2755 levels.

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Singapore Exchange - Live Stock News, Forex Updates

Daily Updates - Singapore 

Singapore: STI slightly higher at noon

US: Wall St ends first day of 2012 with gains

Market Prices in China fell in December

China’s home prices fell for a fourth month in December as the government prolonged a crackdown on speculation that risks deepening the slowdown in the world’s second-biggest economy.

“China’s economy is still on a downtrend and the next reserve ratio cut may come as early as this week,” said Kevin Lai, a Hong Kong-based economist at Daiwa Capital Markets. “More liquidity is needed in running up to the Chinese New Year holiday and to provide funds for companies that may face more difficulties in coming months."

Singapore Stock Picks

SMRT Commissions Internal Investigation Team On NSL Service Disruptions

SMRT has commissioned an internal investigation team to look into the train service disruptions on the North-South Line (NSL). On 15 and 17 December, train service of the NSL was interrupted for five and seven hours respectively, affecting more than 100,000 commuters. Ong Ye Kung, an independent director of SMRT and the deputy secretary-general of NTUC, will be leading the team that includes outside expertise. Findings and recommendations will be presented to the group’s board, as well as to the Land Transport Authority and the committee of inquiry set up by the Ministry of Transport.

Forex Report

The dollar wobbled on Tuesday, losing ground against most major rivals as global stocks rallied on optimism for 2012.

After spending much of last year embroiled in a sovereign debt crisis, Europe has been relatively quiet since the European Central Bank announced a massive liquidity program in December.

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Singapore Stock Exchange(SGX) Tomorrow Strategy

SGX Market Review

Stocks opened higher on Tuesday after a New Year rally in European stocks with the key Straits Times Index up 14.28 points or 0.54 % to 2,660.63.

STI opens with gap up and traded higher side whole day opens above 2660 levels and then consolidate @ 2680 levels and then it breached the resistance level of last week @ 2683 and made a day high of 2693.23 and finally closed @2688.36 with gain of 42.01 points up by 1.59%.

A total of 922.3 million shares, valued at $690.4 million, were traded. Gainers outnumbered losers 272 to 73.

Singapore Market Tomorrow

Today STI opens higher and recovers all the last week losses and closed near to days high @ 2688.36. After a 4 trading days STI closed in a positive zone.

STI opens above the previous support level of 2660 and trades higher and also crossed weekly Resistance of 2683 and closed above this level.

As market opens and trades in uptrend and closed near to high so it formed a candlestick pattern called White Opening Marubozu is a single candlestick pattern characterized by a long white body. It has an upper shadow but no lower shadow. This is a strong bullish candlestick pattern.

STI Support

STI having nearest support @ 2660 and below this level it can take support @ 2640-2620 level is the major support level.

STI Resistance

STI having Resistance @ 2695 and above this level it may take resistance from 2705-2725-2750 levels.

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Singapore Stock Market Live News

According to the advance gross domestic product (GDP) estimates released by the Ministry of Trade and Industry (MTI), Singapore’s economy experienced a slowing pace of growth in the fourth quarter of 2011. On a year-on-year (y-o-y) basis, GDP expanded by 3.6% compared to the 5.9% in the third quarter.

STI News

Singapore's trade-driven economy shrank in the last quarter of 2011, government figures showed Tuesday, raising the prospect of a technical recession as Europe grapples with its debt crisis.

Advance estimates released by the Ministry of Trade and Industry showed gross domestic product (GDP) fell 4.9 percent in the October-December quarter from the previous three months on a seasonally adjusted basis.

Singapore's total GDP was valued at Sg$303.7 billion ($235.3 billion) in 2010, government figures showed.

Live SGX Nifty News

The Sgx nifty is higher by 10 points. These factors point to a positive opening for the rupee. On the Economic front, no major economic releases are there. We could expect the rupee to open slightly higher taking cues from stronger equities and a slight fall in the Dollar. But the demand for dollars from oil importers could limit the rupee’s gains. The range for the day is seen between 52.95- 53.50.