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Singapore share prices opened lower on Monday with the Straits Times Index down 11.04 points to 2,970.54.

As STI equities open with opening gap @ 2966.53, later it fills this gap and made a day high @ 2982.14 and then again made a low of 2970 and finally closed @ 2978.57 with loss of 3.01 points down by 0.10%. Volume was 2.36 billion shares worth S$1.27 billion. Losers outnumbered gainers 257 to 149.

Other than Singapore, Asian stock markets rose today in holiday-thinned trade as sluggish US growth figures boosted hopes for more measures from the Federal Reserve to help the world's number one economy.

Singapore bank lending rose 1.5 % in March from February, central bank data showed on Monday. Bank lending in the city-state was S$432.6 billion (US$349.29 billion) last month, up from S$426.4 billion in February. Bank lending rose 26 % in March from a year earlier.

STI Stock for Tomorrow

It was a ranging trading day for Singapore equities; it opens lower level of the day but closed with recovery but still below the previous week close.

Markets took support near to its 2960 levels and today it maintain that level and trades above that support line and made a day high of 2982.14, and closed below its 50 day MA level .

STI is trading in a consolidation phrase and its range is 2940-3035, so whenever it will not crossed either side we can’t expect any big move.

Singapore Stock Market(STI) Support

STI having nearest support @ 2960 level and below this level it can take support @ 2945-2925 level is the major support zone.

Singapore Stock Market(STI) Resistance

STI having Resistance @2990 and above this level it may take resistance @ 3000-3015 levels.

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Singapore Market Review

Singapore share prices opened higher on Thursday with the Straits Times Index up 2.03 points to 2,981.81.Volume was 297.1 million shares worth S$81.3 million.

Singapore stocks slipped by midday, bucking the trend in other Asian bourses as losses in blue chip. Singapore, industrial output fell 3.4 % in March, compared to the same month last year.

Electronics output shrank 16 % while output from the biomedical sector fell 3.3 %, partly due to a 6.3 % contraction in pharmaceuticals.

Singapore share prices closed stronger on Thursday with the Straits Times Index up 1.69 points to 2,981.47.Volume was 3.58 billion shares worth $1.12 billion.

SGX Stock Tomorrow

Today STI trades is a positive range , range was not wide from yesterday it able to crossed its 50 day MA level but closed below this level.

Markets took support level @ its 2960 and today it maintain that level and trades above that support line and made a day high of 2989.59 which is higher than the yesterdays high , and crossed its 50 day MA level but closed below that level.

STI is trading in a consolidation phrase and its range is 2940-3035, so whenever it will not crossed either side we can’t expect any big move.

STI Support for tomorrow

STI having nearest support @ 2960 level and below this level it can take support @ 2945-2925 level is the major

support zone.

STI Resistance for Tomorrow

STI having Resistance @2990 and above this level it may take resistance @ 3000-3015 levels.

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DBS may post 5 pct fall in Q1 profit-poll

DBS Group, Southeast Asia's largest bank, is expected to report a 5 percent drop in first quarter net profit before the market opens on Friday, hurt by lower interest margins and a decline in fee income. DBS will kick off the earnings reporting of Singapore's banks, including Oversea-Chinese Banking Corp OCBC.SI and United Overseas Bank Ltd UOBH.SI.

DBS will report net earnings of S$764 million ($614 million) for the three months ended in March, according to the average estimate of five analysts polled by Reuters. That would be lower than its earnings of S$807 million a year earlier.

DBS shares were down 0.4 percent at S$13.65 on Thursday - 3.7 percent lower than before the Danamon deal was announced. But the shares have gained about 18 percent since the start of the year.

CIMB cuts Sheng Siong to neutral

CIMB Research downgraded supermarket chain operator Sheng Siong Group Ltd to neutral from  outperform and cut its target price to S$0.49 from S$0.51, citing intense competition that could further hurt its profits. Sheng Siong's shares were down 1 percent at S$0.48, but have gained 9 percent so far this year, underperforming the FT ST Small Caps Index's 16 percent rise.

Sheng Siong reported a 74 percent rise in quarterly net profit to S$16.8 million, but CIMB said its core  earnings per share was below its expectations, due to lower-than-expected gross margins. CIMB cut its 2012-2014 earnings per share estimates for Sheng Siong by 3-8 percent and said the company's cost savings from bulk handling and higher-margin fresh foods were eroded by higher promotions and discounts.

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IEV Holdings up after contract win

Shares of IEV Holdings Ltd jumped as much as 10.3 percent after the engineering company secured a two-year compressed natural gas (CNG) supply contract from PT Unilever Indonesia Tbk.

IEV shares were up 8.1 percent at S$0.735, having surged 56 percent so far this year. PT Unilever, which manufactures home, personal care and food products, will buy more than 350,000 million metric British thermal units (mmbtu) of CNG.

The revenue of more than $5 million from the contract is expected to boost the net tangible assets or earnings per share of IEV for the current financial year ending December 2012, the company said in a statement.

Shares up 1.39 pts at noon

Singapore share prices rose by noon on Wednesday with the Straits Times Index up 1.39 points to 2,975.76.

Volume was 3,87 billion shares worth S$538.4 million. Gainers outnumbered losers 177 to 136.

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DMG & Partners Research lowered its target price on luxury hotel operator Stamford Land Corp Ltd to S$0.73 from S$0.78 but maintained its buy rating. Stamford shares were flat at S$0.555 and have remained steady so far this year. The broker cut its earnings estimate for Stamford's 2012 fiscal year by 24 percent due to slower residential sales as the remaining units in the firm's Sydney project are larger units priced at around A$10 million ($10 million) each.

But it said Stamford's hotels had seen better occupancies and rates on the back of a buoyant Australian economy and stronger demand from the domestic corporate segment. DMG said the lapse of a memorandum of understanding for the sale-and-leaseback of Stamford's three hotels in Melbourne, Sydney and Adelaide was a near-term setback to the company's efforts to unlock value from its hotel assets.

Maybank Kim Eng Research cut its rating on CapitaCommercial Trust (CCT) CACT.SI to sell from hold and lowered its target price to S$1.06 from S$1.25. CCT's units were flat at S$1.25, having risen about 18 percent so far this year. Kim Eng said CCT's average office portfolio rent fell to S$7.45 per square foot (psf) in March from S$7.66 psf in December 2011 and said a quick upturn in office demand is unlikely due to ample supply and the prospect of tepid gross domestic product growth.

Tokyo Stock on downside

Tokyo shares fell 0.29 percent on Monday morning, giving up early gains as investors waited for policy meetings of the US and Japanese central banks later in the week. The Nikkei 225 index at the Tokyo Stock Exchange was down 27.88 points to 9,533.48 by the break. The Topix index of all first-section issues slipped 0.34 percent or 2.78 points to 809.16 yen.  After opening higher following gains on Wall Street on Friday, Tokyo shares slipped as a wait-and-see mood took hold. US stocks were boosted on Friday by better-than-expected earnings from blue-chips, said Tachibana Securities operating officer Kenichi Hirano.

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Todays Singapore Market

Shares opened flat today , STI opens above its 3k mark following a soft lead from Wall Street while a report in China said the country's central bank would boost liquidity to help kick start the economy.

STI opens @ 3003 levels and then it trades in a narrow range of , made a day low of 2995 and then again trades higher and made a day high of 3010.85 and finally closed @ 3008.21 with gain of 7.63 points.

After a fairly flat start to the session, Asian markets took off on hopes that China will soon ease policy.

STI - Singapore Stock for Tomorrow

STI was positive today as yesterday it closed above its 50 day MA level, in continuation of this it opens above 3k mark and closed positively.

Market was flat today but still it manage itself above 3000 mark and made a high of 3010 a closed near today high.

Investors are also looking ahead to a G20 meeting on Thursday and Friday that will discuss boosting the International Monetary Fund's debtcrisis war chest to $500 billion.

STI is trading in a consolidation phrase and its range is 2940-3035, so whenever it will not crossed either side we can’t expect any big move.

STI Support

STI having nearest support @ 2985 level and below this level it can take support @ 2965-2945 level is the major support zone.

STI Resistance

STI having Resistance @ 3015 and above this level it may take resistance @ 3035-3050 levels.

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Today Market Review for SGX

Shares opened stronger today following forecast-beating results by some major US companies, which drove the rally in Wall Street overnight.

Singapore index Straits time open above its 3000 mark @3004 and made a high of 3007.61, after open high STI consolidate whole day and made a low of 2995.59 and finally manage itself to close above the 3000 mark @ 3000.58 with gain of 13.99 points up by 0.47%.

Volume was 1,666.7 million shares worth S$1.03 billion. Gainers outnumbered losers 228 to 162.  Singapore's index rose by midday, supported by a gain in Singapore Exchange Ltd after the bourse reported a better than expected result.

SGX Stock Market Tomorrow

After yesterdays bearish move today STI recovers all the yesterdays’ losses and closed higher side above its 50 day MA level of 2987.09.

STI opens up with gap and sustains the level of opening. So for the coming days if it sustains above 3000 mark than we expects that it will go the next resistance level of 3035 and sustains this.

STI is trading in a consolidation phrase and its range is 2940-3035, so whenever it will not crossed either side we can’t expect any big move.

STI Support

STI having nearest support @ 2985 level and below this level it can take support @ 2965-2945 level is the major support zone.

STI Resistance

STI having Resistance @ 3015 and above this level it may take resistance @ 3035-3050 levels.

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SGX Stock Picks, Live Market Callsfor Singapore STI

SGX Stock Today's Market

Singapore's main index edged lower, with property stocks bearing the brunt on market worries the government might come up with new measures to rein in the buoyant residential property sector. 

STI marked today as volatile session with making intraday low of 2967.48. 

STI opened up but could not sustain at the levels and soon it managed to breach the previous session’s low. It again showed recovery in the later half but failed to break above intraday high. Overall it remained volatile in
trading hours and finally closed at 2986.59 with the loss of 5.53 points up by 0.18%.

SGX Stock Tomorrow

Technically, STI closed above crossed its 50-day moving average. Sustaining above this level further recovery can be seen in STI. 3002 is the nearest resistance level for STI, sustaining above it faces next
resistance at 3015.

Also if it does not sustain at current levels and breaches below 2965, which is the nearest support zone, it may fell into correction phase, till the levels of 2940. In very short term range bound move is expected in STI.

If STI continues to hold above the levels of 2665, it should build further strength towards 3,005 followed by 3,030 in coming week(s). Otherwise, a decline below 2,965 should still find support at 2940 levels.

STI Support

STI having nearest support @ 2965 and below this level it can take support @ 2955 levels and 2940 is the major support level.

STI Resistance

STI having Resistance @ 3002 and above this level it may take resistance from 3015-3030 levels.

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CIMB to buy 60 pct of San Miguel's bank unit soon
Malaysia's second largest lender CIMB Group will sign a deal soon to buy 60 percent of Philippine conglomerate San Miguel Corp's unlisted banking arm, the chairman of Bank of Commerce said on Monday.
It would be the first foray by the Malaysian bank in the Philippines, further boosting its regional footprint after it bought some equities and investment banking units from Royal Bank of Scotland Group Plc elsewhere in Asia earlier this month. The deal will also allow San Miguel, the country's most diverse conglomerate, to keep a minority stake in the unlisted bank while focusing on its new ventures such as power, mining, telecoms, infrastructure, and more recently, airlines.

The deal will be presented to Bank of Commerce shareholders at a meeting on April 24.
San Miguel was little changed in early trade on Monday, slipping 0.3 percent, in step with the broader market's 0.3 percent decline. CIMB was down 0.4 percent. CIMB's buy-in may be worth about $200 million to $250 million and could be finalised in the next few days, said a report by the Philippine Daily Inquirer.

Temasek buys $2.3 bln of ICBC shares from Goldman
Singapore state investor Temasek is buying $2.3 billion worth of ICBC's Hong Kong-listed shares from seller Goldman Sachs , piling into three of China's top four banks and raising its bet on the world's second-biggest economy.
Temasek was burned by its financial industry exposure in 2008, hit by stakes in large European and U.S. banks that plunged in the crisis. But it has kept nearly 40 percent of its investment portfolio in banks it feels are strong and are capturing emerging market growth.

Goldman first bought 4.9 percent of ICBC for about $2.6 billion before the 2006 IPO, which was then the world's biggest public offering. The latest stake purchase comes after Temasek, which manages about $150 billion in assets, raised about $800 million since the start of the year in three significant selldowns in its portfolio companies. This included a 1.4 percent stake sale in ICICI Bank.

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SGX Today

Singapore shares got a boost on Thursday from an overnight rebound in US equities on an encouraging start to earnings season and improved investor sentiment after a European Central Bank policymaker said bondbuying was still an option to help Spain.

Straits Times Index added 13.20 points or 0.45 per cent to 2,959.64. and after opening it trades upwards and ultimately made a high of 2982.96 very near to its 50 day MA level and closed @ 2978.14 with gain of 31.70 points up by 1.08%.

On a turnover of $1.3 billion, 3.21 billion shares were traded where gainers outnumbered losers 238 to 142.

SGX Singapore Market Tomorrow

After yesterdays bearish move today STI recovers all the yesterdays’ losses and closed higher side but still below its 50 day MA level.

yesterday markets hits its support levels and closed on the lower level and today its took support that lower level and ended near to strong resistance of 50 day MA level of 2982.95 and closed lower than this.

STI trading below the 50 day MA level of 2983.71, and closed well below this level, now these 2982 levels will act major resistance for STI.

We think that investors have to adopt cautious approach towards any trade as the market is volatile and uncertain so to keep strict stop loss for any position.

STI Support

STI having nearest support @ 2965 level and below this level it can take support @ 2945-2912 level is the major support zone.

STI Resistance

STI having Resistance @ 2985 and above this level it may take resistance @ 2995-3010 levels.

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Singapore Stock Market STI Updates

Straits Times Index kicked off more than 20 points in the opening session its open deep down @ 2960.61 levels.

STI opens lower more than 20 points @2960.61 and then it trader’s consolidation but in the noon session it’s lost the ground and breached the 2955 level and made a low of 2946.44 and closed @ the lower level of the day with loss of 36 points down by 1.21% wow basis.

Singapore shares fell 1 % to a one-month low, as concerns over slowing growth and renewed worries over the debt problems of struggling euro zone economies hurt risk appetite.

SGX Stock for Tomorrow

STI today hit its 2960 levels and exactly took support @ 2946 levels near to our support zone of 2945, and closed lower.

STI crossed its major support zone of 2960 mark and after that it took support @ 2945 levels today and closed lower level of the day, this trading type formed a candlestick pattern called Black Marubozu is a single candlestick pattern characterized by a long black body. It does not have any shadows on either end. It is an extremely strong bearish candlestick pattern.

STI trading below the 50 day MA level of 2982.17, and closed well below this level, now this 2982 levels will act major resistance for STI.

We think that investors have to adopt cautious approach towards any trade as the market is volatile and uncertain so to keep strict stop loss for any position.

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SGX Stock Market Today

Straits Times Index ticked up 0.3 percent to 2,967.8 after hitting a one month low in the previous session.

STI opens on flat node and then it headed the highs of the day and made a high of 2982.44 levels and closed @ the day high of 2982.440 with gain of 22.34 points up by 0.75%.

The STI snapped its losing streak to finish up 0.6 per cent as China surprised Asian investors after its trade balance swung dramatically back into the black.

STI for Tomorrow

After breaking its major support level of 2960 yesterday, today it moves above 2980 levels which is good sign.

STI crossed its major support zone of 2965 mark and after that it took support @ 2955.64 levels yesterday and today STI opens above previous day’s closing.

STI trading near to its 50 day MA level of 2981.34, as today it was closed just above this level which is good sign if STI will continue to maintain above this level.

We think that investors have to adopt cautious approach towards any trade as the market is volatile and uncertain so to keep strict stop loss for any position.

STI Support

STI having nearest support @ 2975 level and below this level it can take support @ 2960-2945 level is the major support zone.

STI Resistance

STI having Resistance @ 2995 and above this level it may take resistance @ 3005-3015 levels.

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Singaore STI Market Updates

Malaysia's RHB wants to start Indonesia bank

Malaysian lender RHB Capital expects to start its operations in Indonesia by the end-2012 should it manage to complete an acquisition of Bank Mestika Dharma in the third quarter of this year, said RHB's top official on Tuesday. The 1.1 billion ringgit ($358.13 million) deal, first launched in 2009, has been delayed repeatedly due to uncertainties surrounding investment policies in Indonesia's banking sector.

Indonesia's response to foreign ownership will come into play again after Singapore's DBS Group, Southeast Asia's biggest bank, launched a $7.24 billion takeover offer bid for the nation fifth largest lender Bank Danamon last week. ($1 = 3.0715 ringgit) (Reporting By Yantoultra Ngui; Editing by Niluksi Koswanage).

 - StarHub, Nokia Siemens to work on 4G, GSM modernisation

 - Singapore firm ITHL to build fibre cable network in Myanmar

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Singapore Stock SGX News

Stock Updates STI

Shares of Singapore's Tiong Woon Corp Holding Ltd rose as much as 8 percent after the engineering and construction firm said Haosen Marine Pte Ltd had withdrawn a court claim against its subsidiary, Tiong Woon Oasis Pte Ltd. Tiong Woon shares were up 4 percent at S$0.26 on volume of 12.9 million shares, around 16 times the average full-day volume traded over the past 30 days. The stock has gained 39 percent so far this year.

Last week, TEE said its independent and non-executive chairman, Bertie Cheng Shao Shiong, and its group chief executive and managing director, Phua Chian Kin, were being investigated by Singapore's Commercial Affairs Department on "possible contravention of market rigging provisions".

Cavenagh Gardens up for en bloc sale

Cavenagh Gardens, a freehold residential site at Cavenagh Road was put up for en bloc sale on Monday.

Measuring 128,256 sq ft, the site has a plot ratio of 2.1, to yield a total potential gross floor area of   269,337.6 sq ft. It has a 24m height control. The site has the possibility of alienating adjoining parcels of state land, which could increase the total area to 150,000 sq ft, with potential gross floor area of 310,000 sq ft.

The expected market price is between $460 million and $480 million.

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SGX Stock Market Review

Singapore shares opened higher on Tuesday, after firm manufacturing data from the United States overnight lifted Wall Street.

STI opens @ 3027.56 levels and then it made a high of 3033.15 and faced resistance @ those levels and falls from there and made a low of 3008.02 and took support that level again climb to 3027.53 levels and finally closed @ 3014.98 levels with loss of 1.09 points down by 0.04%.

Volume was 1,669.2 million shares worth S$661.6 million. Losers outnumbered gainers 158 to 141.

Market for Tomorrow

Today Singapore equities were totally trading market with lots of up and down moves and finally ended with nominal loss of 1.09 points.

Today also it not crossed the 3035levels and turns back from near to it, made a high of 3033 levels and cant able to sustain above this.

On the weekly graph STI showing recovery after taking support on its 2990 level and closed above resistance of 3011.

STI faced strong Resistance @ its technical pattern’s higher level and slips from 3035 levels also it not  sustaining the 3000 mark and struggling to hold this level for long time, if it will sustain this level than only it can move higher levels.

We think that investors have to adopt cautious approach towards any trade as the market is volatile and uncertain so to keep strict stop loss for any position.

STI Support

STI having nearest support @ 3000 and below this level it can take support @ 2985-2960 level is the major support zone.

STI Resistance

STI having Resistance @ 3035 and above this level it may take resistance @ 3050-3065 levels.

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