8:07 PM
Unknown
Weekly
wrap of STI::
STI opened lower and closed lower this week. It had a gap down opening today at 3276.84 and shares finished the day higher with Index up 1.22 points to close at 3,292.21.There was a positive move seen in the market and also the index took strong support at 3280 .The high of the day was marked at 3293.33 and the low of the day was marked at 3271.77.From last two weeks the index is down due to economic issue and the data releases for Singapore.
Market Forecast for week ahead:
With the week’s closing and the trend we may expect STI to be bullish in coming week. As the support of 3280 is found out to be the strong support market will soon recover.
STI opened lower and closed lower this week. It had a gap down opening today at 3276.84 and shares finished the day higher with Index up 1.22 points to close at 3,292.21.There was a positive move seen in the market and also the index took strong support at 3280 .The high of the day was marked at 3293.33 and the low of the day was marked at 3271.77.From last two weeks the index is down due to economic issue and the data releases for Singapore.
STRAIT TIMES WEEKLY WRAP
|
|
| Open | 3307.31 |
| High | 3312.43 |
| Low | 3271.77 |
| Close | 3292.21 |
| Change(Points) | -12.84 |
| % Change | -0.39% |
With the week’s closing and the trend we may expect STI to be bullish in coming week. As the support of 3280 is found out to be the strong support market will soon recover.
Weekly Technical view on
STI
|
|||||
| Support 1 |
Support 2
|
Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
3253
|
3222
|
3100
|
3308
|
3340
|
3380
|
Technical Indicators:
RSI is at 52 and CCI is at -27 .MACD is indicating the level of 30.77.
Important Factor for today:-RSI is at 52 and CCI is at -27 .MACD is indicating the level of 30.77.
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Sector Allocation Chart by VOLUME
Top GAINERS% Sector (over 5 Trading
Days)
| SECTOR | RISE | FALL | UNCH |
| PROPERTIES | 16 | 30 | 36 |
| MULTI-INDUSTRY | 5 | 5 | 6 |
| CONSTRUCTION | 10 | 15 | 17 |
| COMMERECE | 12 | 25 | 62 |
| HOTELS/RESTAURENTS | 6 | 4 | 7 |
| TRANSPORT | 8 | 18 | 22 |
| FINANCE | 4 | 18 | 25 |
| MANUFACTURING | 37 | 63 | 154 |
| SERVICES | 37 | 42 | 73 |
| AGRICULTURE | 1 | 1 | 7 |
| MINING | 4 | 4 | 4 |
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