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Singapore Stock Report
Singapore stocks kicked off the week on a cautious note after US shares closed weaker on Friday. Straits Times Index added 2.77 points or 0.12 per cent to 2,996.26.
Singapore shares opens near to day high of 2996.26 and then it comes down and made a low of 2983.19 and then recovers some points and consolidate in 15 points and finally closed @ 2991.80 with loss of 1.69
points down by 0.06%.Volume was 1.41 billion shares worth $918.60 million. Losers led gainers 275 to 142.
Singapore Exchange on Monday said derivative volumes and activity in the securities and commodity market grew in February. Securities daily average value rose 41 % month on month to $1.8 billion in February,
representing a 4 % growth from a year ago.
STI for Tomorrow
STI tries to cross itself above the 3000 mark, but cant able to cross its day high of 2998.12 and closed below this level.
It was a very low movement in today’s trade, STI traded in the range of 15 points. it was consolidating in the 2985-2992 and finally closed @ 2991.80 with loss of 1.69 points. For the coming days, investors have to follow a cautious approach in markets as market was at high levels so some profit taking is possible from
higher levels.
STI Support
STI having nearest support @ 2975 and below this level it can take support @ 2945 levels and 2920 is the major support level.
STI Resistance
STI having Resistance @ 3015 and above this level it may take resistance from 3035-3050 levels.
Technical
Technical indicator MACD, stochastic and RSI not giving any clear indication.
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