*Free SGX Stock Picks* Special Offer!

Wednesday, August 13, 2014

Singapore STI Technical Outlook 13 Aug


Market Review for STI:
Share prices opened lower with STI down 3.69 points to 3,298.80.Asian shares were mixed today, with the Tokyo market shrugging off data showing a contraction in the Japanese economy as investors awaited the release of key US and Chinese data. The market closed lower breaking the support of 3307 and closed at 3301.41. 

STI Day Performance
Open
3298.80
High
3303.90
Low
3293.51
Close
3301.41
Change(Points)
-1.98
% Change
-0.06%
Volume
1633.0M
Rise
202
Fall
186
Unch
725
Market forecast for STI:
We may expect STI to slide down further as it is below the support level .It may again take support in the range of 3280-3290.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3290
3275
3260
3330
3340
3350
Technical indicators: 
RSI is below the centre line at 45.83 and CCI is at -38.79.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
OLAM INTL
2.5
1.63
THAIBEV
0.625
-1.57
CITYDEV
10.05
1.21
COMFORTDELGRO
2.56
-1.54
CAPITALAND
3.35
0.9
DB
17.78
-1.44
NOBLE
1.365
0.74
GENTING SING
1.27
-1.17
GLOBAL LOGISTIC
2.75
0.73
SEMBCORP MARINE
3.97
-0.75
THAIBEV
0.625
-1.57
THAIBEV
0.625
-1.57
Important Factor for today:-
  • Hong Kong stocks opened 0.15 per cent higher as investors shrugged off a weak lead from the US and European markets.
  • PALM oil firm Bumitama Agri saw net profit surge 89.6 per cent year on year to 293.34 billion rupiah (S$31.34 million) for the second quarter ended June 30, bolstered by the higher selling price and sales volume of both crude palm oil and palm kernel.
  • Net profit for palm oil producer First Resources dropped 30.8 per cent year on year to US$26.09 million in the second quarter ended June 30, 2014, as operating profit fell due to the lower selling prices of crude palm oil and its refined products.
  • Swiber Holdings, the support services provider to the offshore oil and gas industry, reported a net profit of US$63 million for the six months ended June 30 (HY2014), up 68.3% from US$37.4 million in the same period a year ago.

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Grants For Single Moms