STI Singapore Index Edges up with Small Gains in Sept

Straits Times Index edges up, set to end Sept with small gains

Singapore's benchmark index rose for the second straight session, but underperformed most of its Southeast Asian peers this month after a weak set of macro economic indicators.

The Straits Times Index ticked up 0.2 percent to 3,066.2 points and was set to end with a monthly gain of 1.3 percent. Most Southeast Asian markets outperformed Singapore this month, helped by investors' increased risk appetite after the U.S. Federal Reserve's third round of quantitative easing.

Asian shares outside Japan rose on Friday on optimism economic reform and budget plans unveiled by Spain will help the debt-saddled nation manage its debt imbalances.

In the local broader market, focus was on ThaiBev after Heineken won full control of the maker of Tiger beer as shareholders of its Asian partner, Fraser and Neave Ltd , voted in favor of selling the conglomerate's stake to the Dutch brewer for $6.3 billion.

Shares in ThaiBev shed 2.2 percent and were the most actively traded, with more than 50 million shares traded by late afternoon. The shareholder vote ended a two-month battle between Heineken and companies linked to Thai billionaire Charoen Sirivadhanabhakdi for control of Asia Pacific Breweries (APB) .

Stocks To Watch on 28 Sept - SGX Singapore

FRASER AND NEAVE, THAI BEVERAGE, ASIA PACIFIC BREWERIES

Kirin Holdings Co is expected to sell its 15 percent stake in Singapore's Fraser and Neave for 120 billion yen ($1.54 billion), the Nikkei business daily reported. F&N's shareholders will meet today to vote on the conglomerate's proposed sale of its 40 percent stake in Asia Pacific Breweries to Heineken, as well as a planned S$4 billion payout through a capital reduction.

ASCOTT RESIDENCE TRUST

Ascott Residence Trust said on Friday it had agreed to buy the 166-unit Madison Hamburg in Germany for 37.5 million euros ($48.2 million).

EZRA HOLDINGS LTD

Singapore offshore services firm Ezra said it had received strong support from its shareholders for the proposed distribution of Triyards Holdings Ltd shares. Shareholders will receive one Triyards share for every 10 Ezra shares. Ezra plans to list Triyards, its engineering and fabrication unit, on the Singapore Exchange in October.

ASCENDAS INDIA TRUST

Ascendas India Trust said on Friday it is planning a private placement at S$0.72 per new unit to raise gross proceeds of up to S$100 million.

STI Singapore - Market Forecast 28 Sept

Market Forecast 28 Sept

STI rebound from its technical level of 3040 as it is a 50 day MA level and multiple supports zone in previous move.

STI closed near to its resistance level of 3060 and we expect that it will move up side as it took support @ good level.

For the coming days 3040 level is the decisive level for STI if it breached this level and sustain below this than we can see southern tone of market. Technical indicators are look to loosing strength on charts.

STI Intraday Support level

STI having nearest support @ 3040 level and below this level it can take support @ 3020-2995 will be the support zone for STI.

STI Intraday Resistance Level

STI having Resistance @3070 and above this level it may take resistance @ 3090-3100 levels.

STI Singapore - End of Day Report 27-Sept

Mostly Asian markets rose Thursday on hopes for fresh Chinese stimulus as well as bargain buying, but gains were mostly capped as fears over Spanish and Greek debt returned to the fore.

Singapore share opens flat @ 3044 levels near to its 50 day MA level and then made a day low @ 3040.89. After taking support @ 50 day MA level market 3066.80 and finally closed @ 3059.43 with gain of 12.75 points up by 0.42%.

STI Singapore daily market summary for 27-Sep-2012. The STI Index closed at 3059.43, up by 12.75 points.

Top Actives Name Volume Last Change GoldenAgr 162464000 0.665 +0.015 Ipco 110912000 0.023 +0.0020 HSI20400MBeCW121030 107366000 0.133 +0.02 Yoma 80133000 0.48 +0.035 $ Kreuz 79707000 0.41 +0.03 $ Equation 78292000 0.017 +0.0010 HSI21000MBePW121030 64959000 0.127 -0.025 GSH Corp 63223000 0.104 +0.0010 Inno-Pac 62524000 0.059 +0.0020 SingTel 54191000 3.2 0.0

Hot Stocks To Watch Singapore for 27- Sept

FRASER AND NEAVE LTD

Companies linked to a Thai billionaire said they will vote against Fraser and Neave's proposal to pay S$4 billion ($3.3 billion) to its shareholders, a move some analysts say could make it easier for the Thais to gain control of the Singapore company.

HOCK LIAN SENG HOLDINGS LTD, TA CORP LTD, KING WAN CORP LTD

The units of Hock Lian Seng, TA Corp, King Wan and Far East Distillers said they have been awarded the tender for a 99-year leasehold private residential site at Dairy Farm Road in Singapore for S$244.3 million.

K-REIT ASIA

K-REIT Asia bought a 50 percent stake in a new office tower to be built in the central business district of Perth, Australia.

SGX Singapore Market Forecast - 27 Sept

STI continue consolidated in a fairly tight range of 3088-3055 in this week. And day before yesterday it recovers from support level and yesterday it opens flat and after consolidation closed near to open level in short closed flat.

Today STI opens with gap, loss of more than 20 points and well below the support level of 3050 and closed below this near to its multiple support levels as well its 50 day MA level of 3040.77 @ 3046.68.

For the coming days 3040 level is the decisive level for STI if it breached this level and sustain below this than we can see southern tone of market. Technical indicators are look to loosing strength on charts.

Intraday Support levels

STI having nearest support @ 3040 level and below this level it can take support @ 3020-2995 will be the support zone for STI.

Intraday Resistance Levels

STI having Resistance @3055 and above this level it may take resistance @ 3075-3090 levels.

STI Singapore - End of Day Report

The more than 1% retreat on Wall Street overnight and the poor Nikkei start (down 1.8% now) are likely to cause a kneejerked negative reaction in the local market this morning.

Singapore share opens with deep down @ 3040.26 lowest level of the day and then recovers some point and made day high of 3052.27 and finally closed @ 3046.68 levels with loss of 20.45 points down by 0.67%. A total of 745.95 million shares, valued at $2.21 billion, were traded. Losers outnumbered gainers 289 to 152.

Singapore's industrial production fell 2.2 % on-year in August, faring worse than economists' expectation of 1.1 % increase.

STI daily market summary for 26-Sep-2012. The STI Index closed at 3046.68, down by -20.45 points Top Actives Name Volume Last Change SingTel 532821000 3.2 -0.13 THBEV 102299000 0.425 -0.01 AusGroup 84304000 0.51 +0.015 GoldenAgr 76825000 0.65 +0.01 Inno-Pac 74534000 0.057 +0.0050 Contel Corp 65695000 0.039 +0.0070 Noble Grp 43339000 1.32 -0.015 Hai Leck 37262000 0.22 +0.037 UniFiber 32251000 0.052 +0.0040 HSI20400MBeCW121030 31800000 0.113 -0.019

Top Gainers

Singapore Best Stocks To Watch Today- 25 Sept

Singapore Stock News - Best Stocks To Watch Today 25-Sept

WILMAR INTERNATIONAL LTD

Kellogg Co is expanding its presence in China's fast-growing breakfast and snack foods market through a joint venture with Singapore palm oil producer Wilmar International, months after the U.S. cereal maker sold its stake in a cookie and cracker manufacturer in the country.

DBS GROUP HOLDINGS, OVERSEA-CHINESE BANKING, CORP, UNITED OVERSEAS BANK

Singapore's central bank said on Monday it has ordered banks to review how they set rates for non-deliverable forward foreign exchange contracts. Separately, Southeast Asia's largest bank DBS said it had signed a memorandum of understanding with the Export Import Bank of Korea to work together in infrastructure and project financing.

ROTARY ENGINEERING LTD

Singapore oil and gas services firm Rotary Engineering said on Monday it expects a net loss for the third quarter ending Sept. 30 mainly due to additional costs that significantly affected gross margins at a project in Saudi Arabia.

STI Singapore Stock Market Forecast - 25 Sept 2012

STI Market Forecast 25-Sept

STI trading in a range bound level i.e. 3088 to 3050; today also it took support @ 3054 mark near to 3050 levels. 

STI didn’t able to cross its previous week higher level as we mention in our previous report that STI faced resistance @ previous higher level of 3088.

Now STI extending its lower level as previous week it made a low of 3057 and this week it made a low of 3054, means STI making a lower lows and lower high.

Today STI breached its support level of 3060, but closed above this level.STI facing resistance @ higher levels and cant able to sustain that level and making a pattern downward biased. Technical indicators are looking in recovering mode on charts.

Intraday Support Level

STI having nearest support @ 3050 level and below this level it can take support @ 3030-3010 will be the support zone for STI.

Intraday resistance Level

STI having Resistance @3088 and above this level it may take resistance @ 3100-3120 levels.

Stocks To Watch in Singapore Stock Market - 24 Sept

FIRST REAL ESTATE INVESTMENT TRUST

Singapore's First Real Estate Investment Trust agreed to buy Siloam Hospitals Manado and Hotel Aryaduta Manado for S$83.6 million ($68.3 million), as well as Siloam Hospitals Makassar for S$59.3 million.

SINGAPORE EXCHANGE LTD

Singapore Exchange said on Friday it signed a memorandum of understanding with the Tianjin authorities in China to work on the potential listing of Tianjin companies on the Singapore bourse.

SAKARI RESOURCES LTD

Sakari said its coal reserves at its Sebuku mine in Indonesia have risen, with 22.1 million metric tonnes (Mt) of proven reserves as at June 30, up from 1.6 Mt at end-2011. Probable reserves also rose to 9.4 Mt from 5.5 Mt. PTT, Thailand's top energy company, has offered to buy out Sakari for $960 million as the oil and gas firm expands into coal to meet rising regional demand for the fuel.

STI Singapore Market Forecast for The Week Ahead 24-28 Sept

STI Market Weekly Forecast 24-28 Sept

It’s a second week of gain in STI, trading with a very ranging move in a STI and tough fight between bulls and bears.

STI struggling near the Resistance level of 3088 and this week too, index can’t able to cross this level. Also on the other side it holds the support level strongly and recovers from that level and closed near the resistance levels.

On the weekly chart STI trading @ its down slopping resistance line and but closed below this line and also as STI trading above its 61.8% retracement level for this reason we can see some consolidation to upward move in the markets.

STI Support Level

STI having nearest support @ 3040 below this 3020-3000 will be the support area for market.

STI Resistance Level

STI having Resistance @ 3090 and above this level it may take resistance from 3115-3130 levels.

STI Singapore - Market Signals for 19-Sept 2012

STI Singapore Market Forecast - 19-Sept

After 5 day straight gain today STI closed down but still above the support level of 3060, but faced resistance @ yesterday’s high of 3088.

STI didn’t able to crossed its previous higher level as we mention in our previous report that STI faced resistance @ previous higher level of 3088 mark and its down slopping trend line on weekly graph. Once it will crossed this level than we can see up side movement in market.

After positive crossover of two moving averages STI still can’t able to cross the higher levels, today we can see the flat movement of MA as per the price action. market. Technical indicators are looking in recovering mode on charts.

Support

STI having nearest support @ 3060 level and below this level it can take support @ 3040-3020 will be the support zone for STI.

Resistance

STI having Resistance @3090 and above this level it may take resistance @ 3100-3120 levels.

Stock Market Singapore - End of Day Summary 18-Sept

After 5 straight upward sessions, today STI closed on lower side and didn’t cross the recent high. As profit-takers moved in after last week's huge gains sparked by the US Federal Reserve stimulus plan.

Singapore share opens with loss of 3 points from yesterday @ 3077.01 and facing resistance this opening level which means STI opens @ day high and then it made a low of 3065.53 and finally closed @3067.98 with loss of 10.74 points down by 0.35% .

Volume was 1.78 billion shares worth S$1.30 billion. Losers outnumbered gainers 291 to 158.

Top Actives Name Volume Last Change GSH Corp 268489000 0.103 0.0 GoldenAgr 124668000 0.67 -0.02 HSI20400MBeCW121030 64696000 0.137 -0.01 Noble Grp 58605000 1.325 -0.035 TT Int 56994000 0.138 -0.0010 $ Equation 55211000 0.016 0.0 HPH Trust US$ 39079000 0.735 +0.01 Yoma 37062000 0.43 -0.0050 Genting SP 34710000 1.385 -0.015 M Devt 25812000 0.01 -0.0010

Top Gainers

STI Stocks Down amid US Federal Reserve Stimulus

Singapore shares fell slightly, largely in line with regional bourses, as traders sold some stocks that had run up on the back of the U.S. Federal Reserve stimulus.

The Straits Times Index was down 0.2 percent at 3,072.06, while MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.4 percent.

Shares of commodities trader Noble Group Ltd fell as much as 1.8 percent, while palm oil firm Wilmar International Ltd lost 1.5 percent.

"(The Federal Reserve's) QE3 is lifting sentiments but will not result in a sustained bull market when macro fundamentals are still trending down. Value hunting remains a winning strategy," CIMB Research said in a report.

The third quantitative easing by the Fed is not a major game changer as euro zone debt concerns are unlikely to recede into the background, valuations are not cheap -- unlike during the first easing -- and there are no strong signs of a pickup in macro fundamentals, CIMB said.

CIMB screened for stocks with cheap price-to-book value, rising return on equity and solid fundamentals. Its top picks include Noble, CapitaLand Ltd and ASL Marine Holdings Ltd.

STI Indices Market Forecast 18-Sept 2012

Direction of STI Singapore - Market Forecast 18-Sept

It’s a 5th straight session when STI closed higher side in positive node.STI crossed and closed very near to its 3080 mark @ 3078.72.

STI faced resistance @ previous higher level of 3088 mark and its down slopping trend line on weekly graph. Once it will crossed this level than we can see up side movement in market.

We can see in the daily graph the two moving average crossovers i.e. 50 &20, 20 day MA crossing its 50 day MA from lower side which is a positive signal for market. Technical indicators are looking in recovering mode on charts.

Support

STI having nearest support @ 3060 level and below this level it can take support @ 3040-3020 will be the support zone for STI.

Resistance

STI having Resistance @3090 and above this level it may take resistance @ 3100-3120 levels.

Stocks News Singapore - STI Shares at 5 Week High

Singapore shares hit a five-week intraday high, led by property and commodities firms such as Wilmar International Ltd and CapitaLand Ltd as risk appetite returned after the U.S. Federal Reserve announced a new securities-buying programme last week.

At 0453 GMT, the Straits Times Index's was up 0.3 percent at 3,078.53 points, and the MSCI Asia Pacific ex-Japan was up 0.2 percent.

Palm oil firm Wilmar rose 2.2 percent to S$3.31, extending its gains on Friday after its first share buyback, signalling the management's confidence in its business.

Developers City Developments Ltd gained 2.1 percent to S$11.64 and CapitaLand climbed 1.3 percent to S$3.22, while casino operator Genting Singapore rose 2.2 percent to S$1.41.

STI SIngapore Market Forecast for the Week 17th-21st Sept

Market Forecast For Week -  17th-21st Sept 2012

After 3 weeks of layoff in STI, this week STI recovers all the previous losses and closed higher side above its multiple resistance level of 3040.

STI struggling below the 3040 level in the week and before this 3005 mark was the major resistance for market. STI crossed its 3040 mark with good volume and investor’s confidence and closed well above this level.

For the coming week STI looks bullish to sideways but may be come downside and can take support @ 3040 level. Direction for STI Market looks bullish.

Support:

STI having nearest support @ 3040 below this 3020-3000 will be the support area for market.

Resistance:

STI having Resistance @ 3085 and above this level it may take resistance from 3100-3120 levels.

STI Singapore Market News - Intraday Signals 14'Sept

STI Market Forecast 14-Sept

Today STI showed good recovery and closed on bullish note. On candlestick pattern it made a doji with long lower tail, it indicates further upside bias-ness. It may take rest in near term to gain strength for an upside move. Overall it is looking bullish on charts.

STI has given closing above its 50 DMA and sustaining above it, STI will give further confirmation for positive sentiments to continue. 3040 is still major hurdle in upside and it may take strong resistance from this level. In near term it is taking support of 3000. Technical indicators MACD and RSI support for a positive sentiments in STI.

Support

STI having nearest support @ 3000 and below this level it can take support @ 2970 levels and 2945 is the major support level.

Resistance

STI having Resistance @ 3040 and above this level it may take resistance from 3065-3090 levels.

Singapore Stock News - Gul Technologies Singapore Ltd

Shares of Gul Technologies Singapore Ltd jumped 18.8 percent to a five-year high, after it said a party may be exploring the possibility of making an offer for the electronics manufacturing company.

By 0154 GMT, Gul shares were up 16 percent at S$0.136, with 6.9 million shares traded, 6.3 times its average daily volume over the last five sessions. Gul has surged 153 percent so far this year, compared with 16.2 percent for the FT ST Fledgling Index.

Gul said in a statement on Thursday that it was aware "a party is exploring certain corporate action that may or may not lead to an offer for the company," raising speculation it could be taken over or privatized.

"It sounds like it could be a privatisation and investors are riding on that speculation, especially since there has been a wave of delistings lately," said a local trader.

Singapore has seen a spate of privatizations, especially in the small to mid-cap space, including Cerebos Pacific Ltd and Meiban Group Ltd, due to low valuations and little liquidity.

STI Singapore Market Forecast 13-Sept

Market Forecast

Markets on recovery mode as from the 1st trading day of the week. STI took support @ its lower trend line around 2980 levels and today STI closed just below the upper down slopping trend line after crossing its 20 day MA level. 

Now from todays move market likely to remain bullish for this week. As we told in our previous report that below STI fall in the downward channel and as it faced resistance @ upper down slopping trend line so expected that it can took support @ the down slopping support line @ 2980 levels.

STI closed above its 50 day MA level @3029.66 , so for next trading session if it will maintain above this level and crossed its 3035-3040 mark which is strong and multiple resistance level for STI than we can expect further bullishness in market. Technical indicators are looking in recovering mode on charts.

Support

STI having nearest support @ 3010 level and below this level it can take support @ 2995-2975 will be the support zone for STI.

Resistance

STI having Resistance @3040 and above this level it may take resistance @ 3060-3080 levels.

STI Singapore Market - End of Report 12-Sept

Singapore index opens higher today above its 50 day MA level of 3024.49 and sustain this level. The STI Index closed at 3029.66, up by 13.26 points

Singapore share opens higher @ 3031.63 and made a day high @ 3035.80 and faced resistance @ this level as it is the resistance level and fell down and made a low of 3021.14 and finally closed @ 3029.66 with gain of 13.26 points up by 0.44%.

Stocks in Singapore closed slightly higher, Volume was 1.40 billion shares valued at $1.25 billion. Gainers led losers 287 to 130

Top Actives Name Volume Last Change GSH Corp 85375000 0.103 +0.0010 GoldenAgr 79030000 0.67 +0.0050 Noble Grp 64724000 1.275 +0.025 Yoma 41235000 0.415 +0.02 GMG 34194000 0.124 +0.0020 Nam Cheong 33400000 0.21 +0.01 Genting SP 32722000 1.385 +0.01 HSI20000MBePW121030 29874000 0.132 -0.016 $ YHM 29510000 0.0030 -0.0010 Blumont 28993000 0.089 +0.0010

Top Gainers

STI Up by 0.27% till Midday- Shares at 2 Weeks High

STI Stocks News

Singapore shares rose to a two-week high at midday, led by developer Hongkong Land Holdings Ltd, as comments from Chinese premier Wen Jiabao that the government will continue to support growth boosted investor confidence.

The benchmark Straits Times Index was up 0.27% at 3,024.49 points. Asian shares were also broadly higher, with the MSCI’s broadest index of Asia-Pacific shares outside Japan up 1.1%. 

Hongkong Land rose 2.6% to $6.03 on better optimism on China’s growth. Premier Wen Jiabao said on Tuesday that China is on track to meet this year’s target for economic growth and if needed, the government could utilise a 100 billion yuan ($19.5 billion) fiscal stability fund to boost growth. 

DBS Vickers raised its target price for StarHub to $3.67 from $3.50 and kept its ’hold’ rating, citing higher earnings from its new 4G mobile services. 

The brokerage expects StarHub’s 2013 and 2014 earnings to rise by 4 and 8% respectively, but said larger rival Singapore Telecommunications will see only a marginal impact. StarHub shares were up 0.3% at $3.66, while SingTel shares were flat at $3.33.

STOCKS NEWS SINGAPORE-DMG, Keeps Sell

STOCKS NEWS SINGAPORE-DMG raises SGX target to S$5.30, keeps sell

DMG & Partners Securities raised its target price on Singapore Exchange Ltd (SGX) to S$5.30 from S$5.00, but maintained its 'sell' rating on the bourse operator.

SGX shares were down 0.6 percent at S$6.88 on Wednesday. The stock has gained 12 percent so far this year versus the 14 percent gain in the broader Straits Times Index.

SGX recorded average daily turnover (ADT) of S$1.41 billion ($1.15 billion) in August, up from S$1.23 billion in July, largely due to increased trading of Fraser and Neave Ltd shares, DMG said.

Thai Beverage PCL is working with a partner on a potential bid for F&N to get its hands on the Singapore company's property and soft drinks businesses after Heineken NV took pole position in the battle to buy F&N's prized beer brewer.

But SGX's nine-year ADT compound annual growth rate is half that of Hong Kong Exchanges and Clearing Ltd (HKEx), DMG said, adding that HKEx is more likely to be a beneficiary of foreign funds inflow than SGX.

STI Market Forecast For 12-Sept

STI Signals:

Market starts higher side for the 1st trading day of the week above 3010 and faced resistance below previous day high level @ 3019.63

Now from todays move market likely to remain sideways for this week. As we told in our previous report that below STI fall in the downward channel and as it faced resistance @ upper down slopping trend line so expected that it can took support @ the down slopping support line @ 2980 levels.

Today also STI faced Resistance @ its 50 day MA level it made a high of 3019.63 just near to its DMA, we can expect for the coming days if it will crossed this 3021 level and maintain this than above this 3037.85 it’s 20 Day MA level can act as a next Resistance for coming days. Technical indicators are looking in recovering mode on charts.

Intraday Support:

STI having nearest support @ 2995 level and below this level it can take support @ 2980-2960 will be the support zone for STI.

Intraday Resistance:

STI having Resistance @3020 and above this level it may take resistance @ 3040-3060 levels.

STI Daily End of Report - 11-Sept

STI daily market summary for 11-Sep-2012. The STI Index closed at 3016.4, up by 7.68 points

Top Actives Name Volume Last Change GoldenAgr 80212000 0.665 -0.01 HSI19400MBeCW121030 77572000 0.167 +0.0030 Genting SP 69310000 1.375 +0.025 $ Equation 60594000 0.014 +0.0010 GSH Corp 59479000 0.102 +0.0010 $ CCFH 51705000 0.081 -0.011 HSI19800MBeCW120927 43107000 0.065 +0.0020 Noble Grp 33287000 1.25 +0.0050 Genting HK US$ 28399000 0.335 0.0 Blumont 27362000 0.088 +0.0040

Top Gainers

STI Index - Market Signals For 11-Sept'2012

MARKET FORECAST

Market starts higher side for the 1st trading day of the week above 3010 and faced resistance @ 3021 level.

Now from todays move market likely to remain downside to sideways for this week. As we told in our previous report that below STI fall in the downward channel and as it faced resistance @ upper down slopping trend line so expected that it can took support @ the down slopping support line @ 2980 levels.

Today STI faced Resistance @ its 50 day MA level it made a high of 3021.22 just @ its DMA , we can expect for the coming days if it will crossed this 3021 level and maintain this than above this 3037.85 its 20 Day MA level can act as a next Resistance for coming days. Technical indicators are looking bearish on chart.

SUPPORT

STI having nearest support @ 2995 level and below this level it can take support @ 2980-2960 will be the support zone for STI.

RESISTANCE

STI having Resistance @3020 and above this level it may take resistance @ 3040-3060 levels.

STI Intraday Technical Levels 11-Sept'2012

Straits Times Intraday Levels - 11'Sept
Support 1 : 2995
Support 2 : 2980
Support 3 : 2960
Resistance 1 : 3020
Resistance 2 : 3040
Resistance 3 : 3060

STI Index - End Of Day Report 10-Sept

STI daily market summary for 10-Sep-2012. The STI Index closed at 3008.72, down by -2.98 points

Top Actives Name Volume Last Change GoldenAgr 119976000 0.675 +0.01 MIDAS 40694000 0.4 +0.015 Noble Grp 40667000 1.245 +0.01 $ Elektromotive 39601000 0.0030 +0.0010 HSI19400MBeCW121030 29780000 0.164 -0.011 HLH 27762000 0.028 +0.0010 HSI19800MBeCW120927 24078000 0.063 -0.014 Yoma 23665000 0.395 +0.0050 Contel Corp 22959000 0.019 -0.0060 GSH Corp 20650000 0.101 -0.0010

Top Gainers

STI SIngapore Market Forecast - 07 Sept

MARKET FORECAST

STI is continuously breaching its support levels and heading in negative direction, a rest phase may be seen in near term in it. Technically, STI is lying below its 50 DMA and sustaining below it, is further a weak signal for STI. 

3000 is still major hurdle in upside and it may take strong resistance from this level. In near term it is taking support of 2970. Technical indicators suggest MACD and RSI support for a weak phase in STI.

SUPPORT

STI having nearest support @ 2970 and below this level it can take support @ 2940 levels and 2905 is the major support level.

RESISTANCE

STI having Resistance @ 3017 and above this level it may take resistance from 3035-3060 levels.

STI Market Summary - EOD Report 06-Sept

STI daily market summary for 06-Sep-2012. 
The STI Index closed at 2989.26, down by -6.64 points. 

Top Actives Name Volume Last Change $ Goldtron 157401000 0.0030 0.0 THBEV 67943000 0.35 +0.01 HSI19400MBeCW121030 50492000 0.123 +0.0090 Genting SP 47505000 1.33 -0.015 Noble Grp 38302000 1.195 +0.025 Sakari 31284000 1.875 0.0 HPH Trust US$ 27441000 0.69 0.0 HSI19800MBeCW120927 26472000 0.036 +0.0040 GSH Corp 26278000 0.102 +0.0010 $ CCFH 25500000 0.092 +0.0020

Top Gainers

Name Last Change GLD 10US$ 165.62 +1.52 DBXT MSKorea 10US$ 53.89 +0.37 OCC 3.93% NCPS 10 99.34 +0.34 s NZ07100S 270301 10 120.0 +0.313 Hyflux 6% CPS 10 107.0 +0.3 DBS Bk 4.7% NCPS 100 107.28 +0.2 IS LC BND 100S$D 12.86 +0.17 DBXT MSTHAI 10US$ 18.5 +0.16 DBS.ES.1209 14.31 +0.15 SembMar RBeCW121217 0.147 +0.147

Top Losers

Name Last Change u CTRP ADR 10US$+ 16.6 -0.62 DBXT Nifty 10US$ 95.07 -0.55 Shang Asia 2kHK$ 14.0 -0.4 u ZNH ADR 10US$ 20.97 -0.39 DBXT S&PShort10US$ 35.92 -0.34 JMH 400US$ 54.29 -0.31 DBXT Vietnam 10US$ 21.08 -0.31 JSH 500US$ 33.19 -0.25 DBXT MSMSIA 10US$ 13.3 -0.24 CITYDEV.ES.1209 11.1 -0.19