STI Singapore Stock Market Forecast 30-April

Market Reviews:

Singapore's STI is up 0.3% at 3358.13 after setting fresh more than 5 year highs despite U.S. GDP data coming in worse than expected.

Singapore shares open 3351.15 and then crossed its 3360 level but cant able to sustain that high fell down and took support @ 3347.19 and then recovers and made day high @ 3362.92 and finally closed @ 3361.92 with gain of 13.05 point up by 0.39%.

Some 2.05 billion shares, valued at S$1.28 billion were traded. Losers outnumbered gainers 249 to 216.

Market forecast:

STI continue the upward rally. As it crossed the resistance level and maintain this, so we expecting more uptrend and next resistance come @ 78.6% retracement level i.e. 3382-3385 mark.

As we explain in our previous report that STI crossed its resistance level which is also breakout point of “Ascending Triangle”. So according to this pattern more upward trend is expected.

Support:

STI having immediate support @ 3335 level and below this level it can take support @3320-3300 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3380 and above this level it may take resistance @ 3400-3412 levels.

Technical indicators:

Technical indicators MACD, RSI are in recovery mode and CCI currently traded @ + 233.93 level.

Singapore Stock Market Forecast For the Week Ahead 29 Apr - 03 May

Market Forecast for week ahead:

• STI made its 5 year high this week, and closed near to 3350 levels, which is a good sign for further up trend.

• From the last 3 month STI was in consolidation phrase facing strong resistance @ 3300-3320 levels and cant able to sustain above this level, but this week STI crossed its resistance and closed well above this mark.

• STI trading above its 61.8% retracement level and crossed all the major resistance to jump next level i.e. 78.6% 3383-3400 mark.

STI Resistance:

• STI having Resistance @ 3380 and above this level it may take resistance from 3400-3425 levels.

STI Support:

• STI having nearest support @ 3320 below this 3290-3260 will be the support area for market.

Technical Indicators:

Technical indicators are giving mixed impression, MACD looking bearish, RSI trading above its centreline @ 70.208 and CCI also turning to positive and trading @ 110.060.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3320	3290	3260	3380	3400	3425

STI Singapore Weekly Summary

Weekly wrap of STI:

Singapore's Straits Times index ended up 1.6% at a 5-year closing high of 3,348.87, taking its gains for the week to 1.74 %, the biggest in 3 months.

STI opens above 3300 mark but suddenly fell below this level and made low of 3279.82 and took support at this level and boom from that level and crossed 3320 resistance level and finally made week high @ 3352.90. Finally closed @ 3348.82 with gain of 1.6% wow basis.

Economic Data: 

Singapore's inflation in March came in at a slower pace than analysts expected. The consumer price index (CPI) rose a slower than expected 3.5 % in March, after rising 4.9 % in February. Economists polled by Reuters were expecting inflation of 3.75 per cent due to a drop in car prices.

Singapore Index Outlook for Tomorrow 16 April

Singapore Market Reviews:

Singapore index closed almost its 4.5 years high @ 3337.71. 

Singapore shares open 3315.26 and then made day low @ 3309.39 and took support at that level and traded higher side and finally crossed previous day high of 3322 a made new high @ 3337.71 and finally closed this high level with gain of 15 points up by 0.45%.

Some 2.17 billion shares, valued at S$1.71 billion were traded. Gainers outnumbered losers 244 to 191.

Market forecast:

STI closed its more than a 4.5 years high @ 3337.71 level and closed well above its resistance of 3320-3335 which is good sign for coming days.

Yesterday STI formed a reversal candlestick pattern called “Bullish Tweezers Bottom “and its conformation depends on next day’s performance and today STI perform bullish. So now it’s confirm that STI can move more upwards now.

Today also STI gives breakout from its technical pattern called “Ascending Triangle”, it is a bullish chart pattern.

In an ascending triangle, one trend line is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trend line connects a series of increasing troughs. An ascending triangle is generally considered to be a continuation pattern, meaning that it is usually found amid a period of consolidation within an uptrend. Once the breakout occurs, buyers will aggressively send the price of the asset higher, usually on high volume. The most common price target is generally set to be equal to the entry price plus the vertical height of the triangle.

Support:

STI having immediate support @ 3305 level and below this level it can take support @3290-3270 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3350 and above this level it may take resistance @ 3365-3385 levels.

Technical indicators:

Technical indicators MACD, RSI and CCI all are in recovery mode.

Singapore Stocks Up to Near 4.5 Years High

Singapore shares rose to a near 4-1/2-year high, with casino operator Genting Singapore Plc extending gains to the highest in about 3 weeks after a broker upgrade on higher earnings expectations.

The Straits Times Index was up 0.3 percent at 3332.54 points while the MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.7 percent.

Shares of Genting jumped 4.2 percent to S$1.485, their highest level since early April, up from a 4 percent rise on Wednesday.

Genting is the most actively traded stock by value in the Singapore market on Thursday, with 95 million shares changing hands, 6.1 times the average full-day volume over the past 30 days.

Bank of America-Merrill Lynch upgraded Genting Singapore to "buy" from "neutral" and raised its target price to S$1.81 from S$1.63.

CapitaMalls Asia Ltd (CMA) shares rose 3.1 percent to a week-high of S$2.03 after it posted a 9.6 percent jump in first-quarter net profit on Thursday.

"We favor CMA for its sharp execution and retail property exposure in China and Singapore, which continue to enjoy firm long-term fundamentals," said OCBC Investment Research, which kept a "buy" rating and fair value estimate of S$2.55 on the stock.

Singapore Stock Market Forecast for 25-April

Market Reviews:

Singapore's STI is up, taking off in late trade after spending most of the morning session essentially flat, market had no reason to driving up.

Singapore shares open with gap @ 3297.19 and then dropped and took support @ 3279.82 and recover from that level and cross its 3300 mark, finally closed @ 3322.71 with gain of 38.36 points up by 1.17%.

Some 2.40 billion shares, valued at S$1.8 billion were traded. Gainers outnumbered losers 290 to 126.

Market forecast:

Today STI closed up 1.2% at 3,322.71, the highest close since January 2008.once again STI crossed its highest level and closed above this.

As from the last few weeks STI can't able to sustain above 3300 mark and again and again fell below this level, as STI is in consolidation phrase, today it suddenly trades above the 3320 mark and closed above this level.

STI formed a candlestick pattern called a bullish Tweezer Bottom it occurs during a downtrend when bears continue to take prices lower, usually closing the day near the lows (a bearish sign). Nevertheless, Day 2 is completely opposite because prices open and go nowhere but upwards. This bullish advance on Day 2 sometimes eliminates all losses from the previous day.

The reversal of downtrend requires a confirmation on the third day. The confirmation of the trend reversal may be in the form of a white candlestick, a large gap up or a higher close on the next trading day (on the third day).

Support:

STI having immediate support @ 3300 level and below this level it can take support @3280-3260 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3335 and above this level it may take resistance @ 3350-3365 levels.

Technical indicators:

Technical indicators MACD, RSI and CCI all are in recovery mode.

STI SIngapore Stock Market Forecast 24 April

Market Reviews:

STI opens flat today @ 3308.30 levels and then it made a day high @ 3310.46. STI faced resistance at that level and fell from that mark. STI took support @ 3279.94 marks and finally closed @ 3284.35 levels with loss of 24.57 points down by 0.74%.

Some 1.8 billion shares, valued at S$1.34 billion were traded. Losers outnumbered gainers 284 to 136.

Singapore's inflation in March came in at a slower pace than analysts expected. The consumer price index (CPI) rose a slower than expected 3.5 % in March, after rising 4.9 % in February. Economists polled by Reuters were expecting inflation of 3.75 percent due to a drop in car prices.

Market forecast:

STI can't able to sustain above 3300 mark and again and again fell below this level, as STI is in consolidation phrase and expected to remain same range some more weeks.

Today STI loose almost 25 points and formed a candlestick pattern called “Long Black Candlesticks” are indicators of strong selling pressure. A longer black candlestick means that the close is further below the opening price. The prices decline significantly following the opening showing that sellers were aggressive. 

STI took support near to 3280 mark which is strong support for STI if it will maintain this support then it can move above 3300 mark.

Support:

STI having immediate support @ 3260 level and below this level it can take support @3240-3220 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3305 and above this level it may take resistance @ 3320-3335 levels.

Technical indicators:

Technical indicators MACD, RSI and CCI all are in recovery mode.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3260	3240	3220	3305	3320	3335

Singapore Stock Market Outlook for 23rd April

Market Reviews:

Singapore benchmark cross its 3300 mark in the opening and also closed above this level.

STI opens with gap above 3300 mark @ 3302.18 and then drop down and took support @ 3291 mark, recovers from that level and made day high @ 3312.14 and finally closed @ 3308.92 with gain of 14.87 points up by 0.45%.

Some 2.26 billion shares, valued at S$1.23 billion were traded. Gainers outnumbered losers 226 to 217.

Market forecast:

STI able to cross 3300 mark today and closed above this level which is good sign and positive too.

STI was facing strong Resistance at its 3300 mark in previous week but today Index made a high above resistance @ 3312 mark and closed above 3305 mark.

Support:

STI having immediate support @ 3295 level and below this level it can take support @3280-3260 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3320 and above this level it may take resistance @ 3335-3350 levels.

Technical indicators:

Technical indicators MACD, RSI and CCI all are in recovery mode.

Singapore Stock Market Forecast For Week Ahead - 22-26 April

Market Forecast for week ahead:

• It’s a 2^nd consecutive week where STI closed in loss, and below its 3300 mark which is bearish signal.

• STI formed a candlestick pattern called “High Wave Spinning top” is candlestick that has an open and close price near each other which produces a small real body and colour is of no importance. They also have long upper and lower shadows that significantly exceed the length of the body. These types of candlesticks indicate indecision and subsequent consolidation.

• The STI has been trading between 3,250 points to around 3,320 points for almost 3 months since then despite the US market surging ahead with record-breaking feats.

• A fall to 3,250 points and below will probably trigger more selling with the next support zone found only at 3,110-3,150 points.

STI Resistance:

• STI having Resistance @ 3320 and above this level it may take resistance from 3335-3350 levels.

STI Support:

• STI having nearest support @ 3260 below this 3240-3220 will be the support area for market.

Technical Indicators:

Technical indicators are giving mixed impression,MACD looking bearish,RSI trading above its centreline @ 64.699 and CCI also turning downward and trading at 55.535.

STI Singapore Weekly Summary 15-19 April

Last week was mixed as per the trading point of view, STI traded both the sides but cant able to cross major resistance of 3300 and finally closed neutral.

STI open flat @ 3290.15 levels then traded lower and made week low @ 3264.08. STI recovers from its lower level with peer market sentiments and made week high @ 3301.95 and finally closed @ 3294.05 with loss of 0.031 points wow basis.

Economic data: 

Singapore’s non-oil domestic exports (NODX) rose 8 %in March from February after seasonal adjustments, beating expectations, in a sign that its manufacturing sector has begun to stabilise after a weak start to the year.

STI Singapore Stock Market Forecast For 19-April

Market reviews:

Singapore's shares ended flat Thursday, largely shrugging off sharp drops on Wall Street overnight following weak European economic data and disappointing U.S. earnings reports.

STI opens flat @3292.80 and made a day high @ 3300.83 after making high it comes down and took support @3281.89 and finally closed @ 3296.370 with gain of 4.910 up by 0.15%.

Gainers outnumbered losers 284 to 161, and trading volume was a shade lower at 2.24 billion shares compared with 2.34 billion Wednesday.

Market forecast:

Today again STI trading in a very narrow range as previous day, but closed for the day with gain of 0.15%, STI can't able to sustain above 3300 mark.

STI facing strong Resistance at its 3300 mark, Index made a white small candlestick pattern called, which denotes that market opens lower and closed above previous day’s closing.

Support:

STI having immediate support @ 3270 level and below this level it can take support @3250-3220 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3305 and above this level it may take resistance @ 3320-3335 levels.

Technical indicators:

Technical indicators MACD, RSI and CCI all bearish.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3270	3250	3220	3305	3320	3335

Singapore Stock Views - Singapore's Keppel Reports 56% Drop

Singapore's Keppel Corp says Q1 net profit falls 56 pct

Singapore's Keppel Corporation Ltd, the world's largest offshore oil rig builder, reported a 56 percent drop in quarterly net profit from a year earlier to S$331 million ($267.75 million), in the absence of one-time gains from sales of its Reflections at Keppel Bay units.

The conglomerate, which has businesses in property, telecommunications and infrastructure, said revenue in the three months ended March 31 fell 35.3 percent from a year earlier to S$2,758 million.

Straits Times Index - Singapore Market Outlook for 18-April

Market Reviews:

Asian markets were mixed on Wednesday as a rebound on Wall Street settled nerves after a two-day sell-off sparked by weak Chinese growth data.

STI opens with gap  up @ 3297.75, and then made a day high @ 3301.95 level after trading in a narrow range, STI break 3295 level and fell down and made day low @ 3284.29 and finally closed @ 3291.46 with loss of 0.120 points.

Volume was 2.34 billion shares valued at S$1.6 billion. Losers beat gainers 238 to 187

Market forecast:

Today STI maintain itself above the 3280 mark and closed above this level but in negative territory. 

STI formed a small black candlestick, which denotes small movement in market and closed below the previous closing.

STI is in consolidation phrase and trading between 3320-3250, and either side break will decide the further move in STI.

Support:

STI having immediate support @ 3270 level and below this level it can take support @3250-3220 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3305 and above this level it may take resistance @ 3320-3335 levels.

Technical indicators:

Technical indicators MACD, RSI and CCI all bearish.

Singapore Stock Market Forecast for 17-April 2013

Market Reviews:
Asian shares were mixed on Tuesday, with earlier losses pared after a huge sell-off on Wall Street, while traders were spooked by a double bombing that hit the Boston Marathon..

STI opens with gap down @ 3270.33 and then recover after taking support @3264.08, made day high @ 3298.39 and closed with gain of 7.21 points up by 0.22%.

Some 3.25 billion shares, valued at S$1.16 billion were traded. Losers outnumbered gainers 237 to 203.

Market forecast:
STI opens with gap down and fell below support level @ 3265, but recover from that level and closed with gain.

STI formed a candlestick pattern called Bullish Engulfing, which forms when a small black candlestick is followed by a large white candlestick that completely eclipses or "engulfs" the previous day's candlestick. The shadows or tails of the small candlestick are short, which enables the body of the large candlestick to cover the entire candlestick from the previous day.

While the market sentiment is bearish; we see some subsided selling reflected by the short, black real body of the first day. Next day shows bull strength with a closing price at or above the previous day’s open. It means that the downtrend is now losing momentum and the bulls started to take the lead.

STI is in consolidation phrase and trading between 3320-3250, and either side break will decide the further move in STI.

Support:
STI having immediate support @ 3265 level and below this level it can take support @3245-3225 will be the support zone for STI.

Resistance:
STI having immediate Resistance @3305 and above this level it may take resistance @ 3320-3335 levels.

Technical indicators:
Technical indicators MACD, RSI and CCI all bearish.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3265	3245	3225	3305	3320	3335

STI Singapore Stock Market Forecast 16-April

Market Reviews:

Singapore shares fell as weaker-than-expected data from the United States and China raised concerns about the global economic outlook.

STI opens flat @ 3290, then made day high @ 3293.50 level but cant able to cross that level and fell down and made day low @ 3279.11 and finally closed @3284.370 with loss of 9.82 point down by 0.30%.

Some 2.27 billion shares, valued at S$1.21 billion were traded. Losers outnumbered gainers 290 to 155.

Market forecast:

For the 2nd day STI lose the moment and took support exactly the same level as last week. 

STI stocks open flat and took support @ 3279 level and it will act as a strong support for any further movement.

STI is in consolidation phrase and trading between 3320-3250, and either side break will decide the further move in STI.

Support:

STI having immediate support @ 3265 level and below this level it can take support @3245-3225 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3305 and above this level it may take resistance @ 3320-3335 levels.

Technical indicators:

Technical indicators MACD, RSI and CCI all bearish, with today’s move. 

Singapore Stocks - SPH alls to 1-mth low after Q2 results

Singapore Press Holdings Ltd (SPH) fell to the lowest in a month after the media and property firm posted a 15 percent drop in second-quarter net profit.

Shares of SPH fell as much as 5.9 percent to S$4.33, the lowest level since March 11. It is the most actively traded stock by value with about 18.6 million shares traded, 3.2 times the average full-day volume over the past 30 days.

SPH reported net profit of S$71.5 million ($57.8 million) for its second quarter, down from S$84.1 million a year earlier, hurt mainly by weaker advertisement revenue.

SPH's core media business is expected to continue facing headwinds, Citigroup said, noting that the company is struggling to turn around falling circulation revenues despite its subscription drive.

Citi added that SPH's property division remains a bright spot, but its contributions were not enough to offset the weakness in the core media business.

CIMB Research downgraded SPH to 'underperform' from 'neutral'.

"We think it is still unclear if spinning off its prized property assets into a REIT creates shareholder value. This, coupled with the weak ad environment, suggests that the recent 10 percent run-up in the share price may be overly optimistic."

However, Maybank Kim Eng maintained its 'buy' rating and S$4.95 target price on the stock. The broker expects a recovery in the next quarter, especially in property advertising revenue.

It added that the proceeds from a REIT spin-off are likely to be reinvested to pursue a better return. SPH could become more aggressive in the property sector or make more acquisitions in areas such as internet and digital media, the broker said.

STI Singapore Weekly Outlook for next Week 15-19 April

Market Reviews:

Last week were mixed as per the trading point of view, STI traded both the sides and finally closed neutral.

STI open flat @ 3294 levels then traded lower and made week low @ 3278.41. STI recovers from its lower level with peer market sentiments and made week high @ 3314.91 and finally closed @ 3294.19 with loss of 5.59 down by 0.16% wow basis.

STI Weekly Outlook for week ahead: 

It’s a 2nd consecutive week where STI closed in loss, and below its 3300 mark which is bearish signal.

STI formed a candlestick pattern called “High Wave Spinning top” is candlestick that has an open and close price near each other which produces a small real body and colour is of no importance. 

They also have long upper and lower shadows that significantly exceed the length of the body. These types of candlesticks indicate indecision and subsequent consolidation.

STI trading in a consolidation phrase between the ranges of 3220-3320 levels, either side breakout will give the clear move for coming days.

STI Resistance:

STI having Resistance @ 3320 and above this level it may take resistance from 3335-3350 levels.

STI Support:

STI having nearest support @ 3260 below this 3240-3220 will be the support area for market.

Technical Indicators:

Technical indicators are giving mixed impression.MACD looking good.RSI trading above its centreline @ 64.727 and CCI also turning upwards and trading at 69.48.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3260	3275	3220	3320	3335	3350

Singapore Stock Market Technical Outlook for 12 April

Market Reviews:

Singapore's STI is up 0.4% at 3304.87, tracking buoyant regional markets after Wall Street set fresh record highs Wednesday

STI opens with good gap and then traded higher side and made day high @ 3313.50 and finally closed @ 3308.80 with gain of 15.55 points up by 0.47%.

Some 3.06 billion shares, valued at S$1.30 billion were traded. Gainers outnumbered losers 261 to 185.

Market forecast:

STI again recovers after yesterdays down movement and closed above 3300 mark @ 3308.80 with gain of half percent.

STI stocks open higher but were not strong enough to go with trend and come down. As we earlier said that in the consolidation phrase stocks also not showing strength.

STI is in consolidation phrase and trading between 3320-3250, and either side break will decide the further move in STI.

Support:

STI having immediate support @ 3295 level and below this level it can take support @3275-3250 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3320 and above this level it may take resistance @ 3335-3350 levels.

Technical indicators:

Technical indicators MACD, RSI and CCI all bullish, with today’s move. 

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3295	3275	3250	3320	3335	3350

STI SIngapore Market Forecast 11 April

Market Reviews:

Singapore shares slips below support level of 3280 but maintain it to close above this mark.

STI opens @ 3297.52 then made a day high @ 3301.76, after making day high STI fell down and made say low below support level @ 3279.09 and finally closed @ 3293.25 with loss of 3.32 points down by 0.10%

Some 2.98 billion shares, valued at S$1.29 billion were traded. Gainers outnumbered losers 281 to 164.

Market forecast:

After yesterday recovery today again STI fell below 3300 mark and breached its support @ 3280 mark, but closed well above this level. 

STI formed a candlestick pattern called Black Spinning Top is a single candlestick pattern. Its shape is a small black body with upper and lower shadows having a greater length than the body's length.

STI is in consolidation phrase and trading between 3320-3250, and either side break will decide the further move in STI.

Support:

STI having immediate support @ 3280 level and below this level it can take support @3260-3240 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3305 and above this level it may take resistance @ 3320-3335 levels.

Technical indicators:

Technical indicators MACD, RSI and CCI all bearish, with today’s move. 

Singapore Stock Market Outlook for 10-April

Market Reviews:
Singapore shares rebounded after 3 straight sessions of losses, boosted by a solid start to the U.S. earnings season.

STI opens @ 3292.16 then recover from that level and cross 3300 mark and made day high @ 3308.51 and then on the final hour of trading again drop below 3300 ark and closed @ 3296.57 with gain of 11.96 points up by 0.36%.

Some 2.68 billion shares, valued at S$1.19 billion were traded. Gainers outnumbered losers 258 to 173.

Market forecast:

STI recovers some point today and traded above 3300 mark, but cant able to hold this level and closed below 3300 mark.

STI today traded above 3300 mark but not sustain above this and also volume was not so great sp this recovery is not so positive.

STI cant able to sustain above its resistance level of 3320 and slips below this mark, next support comes @ 3280 mark. Whenever STI sustain above 3300 mark we can be bullish on it.

Support:

STI having immediate support @ 3280 level and below this level it can take support @3260-3240 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3305 and above this level it may take resistance @ 3320-3335 levels.

Technical indicators:

Technical indicators MACD, RSI and CCI all are recover some with today’s move.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3280	3260	3240	3305	3320	3335

SGX Stock Recommendations - China Minzhong Looks Bearish

Likely further correction after bearish break

Key supports violated. China Minzhong is likely to see more downside ahead after violating its 3-month uptrend support recently; this was followed by a strong bearish break below its $1.10 key support on increasing volume in the last session.

Indicator is bearish. The MACD has just fallen below the centerline, suggesting that the downside momentum is accelerating.

Next key support at $0.97. The counter could possibly slip further towards the next key base at $0.97 (key trough) for a test in the days ahead.

Immediate resistance at $1.10. Meanwhile, $1.10 is now the newly established support-turned-resistance.

Singapore Exchange Says Derivatives Trading Resumes After Glitch

Singapore Exchange Ltd. (SGX), the operator of Southeast Asia’s biggest stock market, said it resolved a technical glitch that delayed the trading of derivatives until 10:45 a.m. local time.

The Nikkei 225 futures fell as much as 0.2 percent to 13,180 in Osaka while trading was halted in Singapore. They rebounded to 13,240 in Osaka and 13,240 in Singapore. The exchange’s stock climbed 0.4 percent to S$7.73 as of 11:40 a.m. in Singapore trading.

Enlarge image

A logo is seen in the lobby of the SGX Centre which houses the Singapore Stock Exchange Ltd. in Singapore. Photographer: Munshi Ahmed/Bloomberg

“The derivatives trading market is now open for trading in all contracts,” the Singapore bourse said in a statement on its website. “We will continue to monitor the system closely.” Carolyn Lim, a spokeswoman for the exchange, declined to comment on the details of the malfunction.

Market disruptions due to technical issues have been in the spotlight since May 2010 when a broker’s algorithm set in motion events that briefly wiped $862 billion from U.S. stocks. In Asia, about $10 billion was temporarily added to the Australian benchmark stock index in October and two weeks earlier orders for Indian stocks improperly entered by a Mumbai brokerage sent the S&P CNF Nifty Index down 16 percent in eight seconds before it rebounded.

Singapore Exchange’s derivatives daily average volume rose 30 percent to a record 358,532 contracts in the second quarter ended Dec. 31, it said in a Jan. 22 statement. Derivatives revenue climbed 21 percent to S$45.7 million ($36.9 million) for the quarter, making up 28 percent of total sales, it said.