Singapore Stock Market - STI Technical Analysis Outlook 22 Sept

Market Review for STI:
STI opened up higher at 3307.31 and closed lower at 3296.57, we may consider it as a general pullback as the sellers were aggressive on the market today .The high of the day was marked at 3312.43 and the low was marked at 3295.44.

STI Day Performance
Open	3307.31
High	3312.43
Low	3295.44
Close	3296.57
Change(Points)	-8.48
% Change	-0.26%
Volume	1562.5M
Rise	155
Fall	255
Unch	710

Market forecast for STI:
We may expect market to move up if crosses the level of 3312 and may range in 3312-3325.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3290	3280	3270	3310	3325	3340

Technical indicators:

RSI is at 42.80 and CCI is at -103.12.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
GOLDEN AGRI-RES.SG	0.52	2.97	NOBLE.SG	1.39	-2.46
THAIBEV.SG	0.735	1.38	OCBC BANK.SG	9.72	-1.52
ASCENDAS REIT.SG	2.26	0.89	CAPITALAND.SG	3.24	-1.22
SEMBCORP IND.SG	5.22	0.77	OLAM INTL.SG	2.51	-1.18
HONGKONGLAND USD.SG	7.02	0.72	GENTING SING.SG	1.11	-0.89

Important Factor for today:-

• Singapore exchange is forecasting an end to a two-year hiatus for Chinese listings after regulators made it easier for companies from Asia’s biggest economy to sell shares in the city-state.
• Singapore exchange (sgx) today launched a new research and company fundamentals portal on its website.
• Keppel land which through its wholly-owned subsidiary, pt Keppel land, will be selling its 80 per cent stake in bg junction - a strata-titled retail development in surabaya, indonesia - to silverise enterprise and pt pelangi arjuno, for approximately 400 billion rupiah (s$42.8 million).
• Main board-listed united engineers said that discussions with third parties relating to an offer for the shares of the company and its subsidiary, Wbl Corporation, are ongoing.
• Main board-listed stats ChipPAC announced that its current executive vice-president and chief operating officer (coo), wan choong hoe, has resigned from both his positions with effect from sept 30 to "pursue personal interests".