STI Market Outlook for this Week 31 Dec - 04 Jan

Market Forecast for week

This week STI closed near highest level of 3195.74, on the higher side. STI looking bullish on the charts.

STI trading above the 61.8% retracement level also the major Resistance of 3185. The next hurdle lies at the 3200 psychological resistance. On the downside, 3140 is still the immediate support, with the subsequent base pegged at the 3110 key resistance-turned-support.

For the coming week STI look volatile, because it is trading near the next resistance level of 3200 and face some pressure to breach this level if crossed the resistance then we can see the continue uptrend.

STI Resistance:

STI having Resistance @ 3210 and above this level it may take resistance from 3230-3255 levels.

STI Support:

STI having nearest support @ 3140 below this 3110-3065 will be the support area for market.

Technical Indicators:

Technical indicators give the impression of being in recovery mode. MACD gives bullish cross over and RSI move above its centreline area @ 66.16.

Singapore Market Forecast for 27-Dec

After a holiday STI opens higher and traded on the northern ways and made its 17 months high of 3186.13, closed below the higher level but still up.

Today STI formed a candlestick pattern called white candle with the small upper shadow and no lower shadow, because STI opens and then it traded @ the up trend and after closed slightly down.

STI is in bullish phrase as it is trading above the resistance levels and if it will maintain above the 3140 mark it can move further upside.

Support

STI having immediate support @ 3150 level and below this level it can take support @3120-3095 will be the support zone for STI.

Resistance

STI having immediate Resistance @3200 and above this level it may take resistance @ 3220-3250 levels.

Technical indicators:

Technical indicators are seem to overbought zone on charts.

Market Reviews for the Day

Singapore equities open higher @ 3172.48 and made its 17^th month higher level.

STI opens with gap @ 3172 level and then crossed the immediate Resistance level of 3185 and made its 17^th month High of 3186.13. After making a High it closed slightly down from the higher level @ 3180.81 with gain of 12.24 points up by 0.39%.Volume was 3.35 billion shares. Gainers led losers 320 to 118.

Factory output rose 3.1% year-on-year, less than the 4.8% median forecast of nine economists polled by Reuters earlier. But this also marked manufacturing's first month of year-on-year growth since July. Compared to the month before, industrial production grew 1.9 % in November after seasonal adjustments, following month-on-month growth of 1.2 % in October.

STI Market outlook for Wed 26 Dec

Market forecast:

It was a short trading due to holidays, so the STI trades in a very narrow and closed with gain of 5.06 points near to high. 

STI having next hurdle @ 3180-3220 levels, STI trades above its 76.4% retracement level from its all time high of 3313 and low of 2521.95.

STI is in bullish phrase as it is trading above the resistance levels and if it will maintain above the 3110 mark it can move further upside.

Support:

STI having immediate support @ 3150 level and below this level it can take support @3120-3095 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3180 and above this level it may take resistance @ 3200-3220 levels.

Technical indicators:

Technical indicators are seems to overbought zone on charts.

Singapore Shares Closed Lower; Rowsley Surged over 80%

Singapore shares closed slightly lower on Monday, but Rowsley Ltd jumped over 80 percent after the company announced a S$581 million ($475.9 million) deal that will transform it into a property player in Malaysia's Iskandar region.

The Straits Times Index was down 0.05 percent at 3,161.97 points, while MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 percent higher. The Singapore market closed after half a day of trading on Christmas Eve.

Shares of Rowsley, an investment holding firm controlled by Singapore billionaire Peter Lim, jumped as much as 88 percent to S$0.265, the highest since end-July 2007.

More than 249 million shares were traded, 10 times the average full-day volume over the past 30 days. Rowsley was the top stock by value and volume in Singapore on Monday.

"Peter Lim is a famous name, and there is a lot of demand for the property in Iskandar because of the future development there," said a Singapore trader.

Iskandar, an economic zone three times the size of Singapore, has been drawing investments from firms looking for cheaper land and labour while remaining close to the wealthy Southeast Asian city-state.

Singapore Telecommunications Ltd, Southeast Asia's largest telecommunication company, was the biggest decliner on the index. SingTel shares closed 2.35 percent, or 8 Singapore cents, lower after a dividend payout of 6.8 Singapore cents per share.

STI Market Forecast for Week Ahead 24-29 Dec

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3140	3110	3065	3185	3220	3255

Market Forecast for week ahead: 

STI this week closed with some losses after 4 weeks of winning strike, STI made it s new High this week @ 3180.50 mark but faced resistance every higher level and finally closed flat.

STI this week made a candlestick pattern called a spinning top 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.

For the coming week STI look volatile, because it is trading near the resistance level of 3180 and face some pressure to breach this level if crossed the resistance then we can see the continue uptrend.

STI Resistance:

STI having Resistance @ 3185 and above this level it may take resistance from 3220-3255 levels.

STI Support:

STI having nearest support @ 3140 below this 3110-3065 will be the support area for market.

Technical Indicators:

Technical indicators give the impression of being in recovery mode.MACD gives bullish cross over and RSI move above its centreline area.

Market Updates, End of Day Summary 21-Dec

Weekly wrap of STI:

After 4 week of winning strike and also making a 17 month high STI this week closed with loss.

STI opens flat @ 3168.06 and then made a day high @ 3173.72 levels and faced resistance @ that higher level and slips after this it took support @ 3150.40 levels which is the lowest level of the week and after taking support this level finally STI made a week high @ 3180.50 and finally closed @ 3163.56 level with loss of 4.87 points down by 0.15% wow basis.

Macro economic factors:

Singapore's non-oil domestic exports (NODX) declined by 2.5% in November, compared to the 7.9% increase in the previous month. The figure was worst than market expectations for a 2.1% rise. On a month-on-month basis, exports decreased marginally by 0.3 % in November, following the previous month's 1.2% contraction

Stock News - Singapore Airlines Fined NZ$4.1 mln for Price Fixing

WELLINGTON, Dec 21 (Reuters) - Singapore Airlines Ltd was fined NZ$4.1 million ($3.4 million) by a New Zealand court for its part in a cargo price-fixing cartel over a period of nearly four years.

The New Zealand competition watchdog said SIA Cargo, a unit of Singapore Airlines, had admitted liability for agreeing fuel and security surcharges in Indonesia and Malaysia for cargo flown to the country.

"Price fixing is unlawful and the fines imposed in the air cargo case should be a deterrent to others who might breach the Commerce Act," Commerce Commission Chair Mark Berry said in a statement.

SIA Cargo is the seventh airline to settle with the Commerce Commission in the long-running air cargo cartel case, bringing total penalties ordered in the case to NZ$25.5 million.

It is among the 13 airlines the Commission filed proceedings against in December 2008, alleging that they colluded to impose fuel and security surcharges for air cargo shipments to and from New Zealand. ($1=NZ$1.20)

ST Engineering is Recommended to 'Sell'

ST Engineering (S63.SG) is recommended to Hold, noting its stock has climbed more than 40% year-to-date, outpacing the STI’s around 19%.

“In the uncertain economic environment, investors have been seeking defensive businesses with good dividend yields and STE’s share price has benefited. The growth in air passenger traffic has supported the earnings of MRO providers.”

It notes STE’s orderbook has been growing over the long-term, rising 16% p.a. from end-2005 and end-2010, while FY06-FY11 annual revenues grew 6% p.a.

“The fact that the order book has been growing faster than revenue implies increasing earnings visibility into the future.” It keeps a $3.90 fair value. It's been said it would be buyers of the stock at $3.66. The stock is flat at $3.87.

Straits Times Index, Market Outlook 20-Dec

SUPPORT 1	SUPPORT 2	SUPPORT 3	RESISTANCE 1	RESISTANCE 2	RESISTANCE 3
3140	3120	3095	3180	3200	3220

Market forecast:

Today STI made a new 52 week high of 3177.10, but cant able to crossed immediate resistance of 3180 mark.

Today STI formed a candlestick pattern called a long upper shadow, this pattern indicates that the Bulls controlled the ball for part of the game, but lost control by the end and the Bears made an impressive comeback.

STI having next hurdle @ 3180-3220 levels, STI trades above its 76.4% retracement level from its all time high of 3313 and low of 2521.95.

STI is in bullish phrase as it is trading above the resistance levels and if it will maintain above the 3110 mark it can move further upside.

Support:

STI having immediate support @ 3140 level and below this level it can take support @3120-3095 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3180 and above this level it may take resistance @ 3200-3220 levels.

Technical indicators:

Technical indicators are seems to recover from lower levels on charts.

STI Markets Review, End of Day Summary

Singapore equities open high @ new 52 week high of 3177.10; because of optimistic sentiment of US fiscal cliff are increases in Asian peers.

STI opens @ new 52 week high of 3177.10, with gap. After making new high STI faced resistance and fell from the higher levels and took support @ 3152.04 marks and take a U turn from those lower levels. Finally closed @ 3158.57 with gain of 1.78 points up by 0.06%.

Despite of positive sentiments in all Asian peers and a good gape of opening, STI didn’t sustain higher levels and closed flat. Some 3.3 billion shares valued at $1.48 billion were traded. Losers outnumbered gainers 225 to 20

SGX Nifty Surges, Banking Stocks in Focus

Nifty futures on the Singapore Exchange (SGX Nifty) gains 0.44 percent. The MSCI-Asia Pacific index, excluding Japan is up 0.24 percent.

On Tuesday, the Indian parliament passed a bill aimed at drawing foreign investment to the banking sector by increasing shareholders' voting rights.

Traders expect positive movement in bank shares and also companies who are in the fray to receive banking licence including Shriram Transport Finance Co (SRTR.NS), L&T Finance Holdings Ltd (LTFH.NS) and Mahindra & Mahindra Financial Services Ltd (MMFS.NS).

Foreign investors bought 9.22 billion rupees of stocks, while domestic institutions sold stocks worth 4.91 billion rupees on Tuesday, when the BSE Sensex rose 0.63 percent.

STI Market Outlook for 19-Dec 2012

Market Review:

After 8 straight days uptrend, STI closed lower on for the second day after bullish run.

STI opens 3162.55 levels and then it made a day high of 3172.55, but faced resistance @ this level and then fell down and took support @ 3158.99 levels. Finally closed @ 3156.79 levels with loss of 1.91 points down by 0.06%.Volume were 1.95 billion shares worth S$1.02 billion. Losers outnumbered gainers 260 to 182.

Market forecast:

STI opens above 3160 levels and made a new high of 3172.55, but faced resistance @ this level and fell down. But today it trades in a lower high and higher low pattern.

Today STI formed a candlestick pattern called A shooting star has a small real body near the bottom of the candle and a long upper shadow. During an uptrend which appears to be the case with STI the long upper shadow indicates that the bears are gaining control and a top may occur.

STI having next hurdle @ 3180-3220 levels, STI trades above its 76.4% retracement level from its all time high of 3313 and low of 2521.95.

STI is in bullish phrase as it is trading above the resistance levels and if it will maintain above the 3110 mark it can move further upside.

Support:

STI having immediate support @ 3140 level and below this level it can take support @3120-3095 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3180 and above this level it may take resistance @ 3200-3220 levels.

Technical indicators:

Technical indicators are seems to recover from lower levels on charts.

Chistmas Offer

Singapore Stocks Move Up at Midday - Olam Boosts

Singapore shares inched higher by midday, buoyed by gains in commodity firm Olam International Ltd and in line with other Asian bourses on optimism for progress in resolving the U.S. budget crisis.

The benchmark Straits Times Index rose 0.3 percent to 3,166.66 points, while the MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 percent.

Olam shares rose 6 percent to S$1.48 on some short-covering ahead of the ex-rights trading date of Dec. 28 under its $712.5 million rights issue plan.

Shipbuilder COSCO Corp (Singapore) Ltd rose 2.3 percent to S$0.89 after it said it won a contract worth over $370 million to build a floating vessel for a European company.

Straits Times Index - Technical Outlook for 18 Dec

Market forecast:

STI opens above 3160 levels and made a new high of 3173.22, but faced resistance @ this level and fell down.

Now after 3140 level next hurdle for STI comes @ 3180-3220 levels, today STI crossed its 76.4% retracement level from its all time high of 3313 and low of 2521.95.

STI is in bullish phrase as it is trading above the resistance levels and if it will maintain above the 3110 mark it can move further upside.

Support:

STI having immediate support @ 3140 level and below this level it can take support @3120-3095 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3180 and above this level it may take resistance @ 3200-3220 levels.

Technical indicators:

Technical indicators are seems to recover from lower levels on charts.

Singapore Stocks Trading Levels for 18-Dec

S.No.	Counter Name	R3	R2	R1	PIVOT	S1	S2	S3
1	Ascendas Real Estate Investment Trust	2.4600	2.4200	2.3800	2.3800	2.3600	2.3400	2.3000
2	CapitaCommercial Trust	1.6717	1.6567	1.6433	1.6417	1.6333	1.6267	1.6117
3	CapitaLand Ltd	3.9233	3.8133	3.7267	3.7033	3.6367	3.5933	3.4833
4	ComfortDelgro Corp Ltd	1.8717	1.8067	1.7633	1.7417	1.6983	1.6767	1.6117
5	CITY DEVELOPMENTS	13.6033	13.3133	12.9267	13.0233	12.9267	12.7333	12.4433
6	Cosco Corporation (Singapore) Ltd	0.9050	0.8900	0.8800	0.8750	0.8650	0.8600	0.8450
7	Creative Technology Ltd	3.0867	3.0667	3.0533	3.0467	3.0333	3.0267	3.0067
8	DBS Group Holdings Ltd	15.1700	15.0400	14.9200	14.9100	14.8400	14.7800	14.6500
9	Fraser and Neave Ltd	9.8833	9.7433	9.5767	9.6033	9.5467	9.4633	9.3233
10	Hong Kong Land Holdings Ltd USD	7.0800	6.9900	6.8700	6.9000	6.8700	6.8100	6.7200
11	Hyflux Ltd	1.2850	1.2750	1.2650	1.2650	1.2600	1.2550	1.2450
12	Jardine Matheson Holdings Ltd USD	63.1833	62.5333	61.9667	61.8833	61.5167	61.2333	60.5833
13	Jardine Strategic Holdings Ltd USD	36.9133	36.3833	35.6767	35.8533	35.6767	35.3233	34.7933
14	Keppel Land Ltd	4.2267	4.1167	3.9833	4.0067	3.9633	3.8967	3.7867
15	Keppel Corp Ltd	11.0467	10.9467	10.8133	10.8467	10.8133	10.7467	10.6467

STI Market Updates - End of the Day Summary

Singapore shares were up slightly on the opening session, but after that it fails to continue the same trend and closed lower.

STI opens 3168.06 levels and then it made a day high of 3173.22, but faced resistance @ this level and then fell down and took support @ 3150.40 levels. Finally closed @ 3158.70 levels with loss of 9.73 points down by 0.31%.Volume were 1.95 billion shares worth S$1.02 billion. Losers outnumbered gainers 260 to 182.

Singapore's non-oil domestic exports (NODX) declined by 2.5% in November, compared to the 7.9% increase in the previous month. The figure was worst than market expectations for a 2.1% rise. On a month-on-month basis, exports decreased marginally by 0.3 % in November, following the previous month's 1.2% contraction.

SGX Stock Picks - Hi-P International is Recommended to 'Sell'

DMG & Partners downgraded electronics contract manufacturer Hi-P International Ltd to 'sell' from 'neutral' and cut its target price to S$0.59 from S$0.74, citing a negative impact from weaker-than-expected demand for Apple's iPhone 5.

By 0155 GMT, Hi-P shares were down 3 percent at S$0.80, but have gained 32 percent since the start of the year, compared with a 26.7 percent rise in the FTSE ST Industrial Index .

DMG slashed its 2012 and 2013 earnings estimates for Hi-P by 51 percent and 48.6 percent respectively, as it expects demand for Apple's iPhone 5 may fall "drastically" next year due to rising competition from Android and Windows phones.

"Thought to be a proxy to Apple's iPhone 5, we believed that Hi-P now has been overwhelmed by how fast things have changed in the technology industry," said DMG in a note.

Hi-P also invested S$300 million in a Chinese plant, of which a large part of the production capacity was dedicated to Apple. However, Hi-P may be hurt as Apple shifts more production back to the U.S., DMG noted.

STI Weekly Outlook for the Week 17-21 Dec

STI facing resistance @ 50 day MA levels @3045.93 and crossed its 2 month lower level and made a low below 3000 mark.

STI continuously crossing its resistance level and closed above those levels, now next Resistance comes @ 3180 mark and above the 3220 and above.

For the coming week STI look volatile, because it is trading near the resistance level of 3180 and face some pressure to breach this level if crossed the resistance then we can see the continue uptrend.

This Week STI formed a candlestick pattern called a big white candle; this is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area, the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

STI Support Level

STI having Resistance @ 3185 and above this level it may take resistance from 3220-3255 levels.

STI Resistance Level

STI having nearest support @ 3140 below this 3110-3065 will be the support area for market.

Technical Indicators

Technical indicators give the impression of being in recovery mode.MACD gives bullish cross over and RSI move above its centreline area.