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SGX Stock Market Updates
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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