Market
Review for STI:
Share prices opened higher with the Straits Times Index up 20.17 points to 3,306.56. Asian markets were mixed with Japanese shares succumbing to profit-taking while Hong Kong and Shanghai rallied after a launch date was announced for a trading link between their stock exchanges. High for the day was marked at 3312.68 and low was marked at 3301.42. FREE TRIAL
Share prices opened higher with the Straits Times Index up 20.17 points to 3,306.56. Asian markets were mixed with Japanese shares succumbing to profit-taking while Hong Kong and Shanghai rallied after a launch date was announced for a trading link between their stock exchanges. High for the day was marked at 3312.68 and low was marked at 3301.42. FREE TRIAL
FBMKLCI WEEK’s
Performance
|
|
Open |
3306.56
|
High |
3312.68
|
Low |
3301.42
|
Close |
3303.53
|
Change (Points) |
+17.14
|
% Change |
+0.52%
|
Volume |
1266.1M
|
Rise |
180
|
Fall |
189
|
Unch |
415
|
Market forecast for STI:
The prices had a pullback in later session today and we may expect this kind of uncertainty for the next trading day. The opening price will decide the moment of the market.
The prices had a pullback in later session today and we may expect this kind of uncertainty for the next trading day. The opening price will decide the moment of the market.
STI LEVELS
|
|||||
Support 1 |
Support 2 |
Support 3 |
Resistance 1 |
Resistance 2 |
Resistance 3 |
3290 |
3280 |
3270 |
3320 |
3330 |
3340 |
Technical Indicators:
RSI is 62 at and CCI is at 134.
RSI is 62 at and CCI is at 134.
Top Gainers
|
Top Losers
|
||||
Scrip Name
|
CMP
|
%change
|
Scrip Name
|
CMP
|
%change
|
NOBLE.SG |
1.25 |
4.17 |
COMFORTDELGRO.SG |
2.61 |
-3.33 |
SEMBCORP IND.SG |
4.65 |
2.42 |
ST ENGINEERING.SG |
3.53 |
-2.22 |
DBS.SG |
19.65 |
1.6 |
THAIBEV.SG |
0.745 |
-1.32 |
CAPITAMALL TRUST.SG |
1.97 |
1.55 |
GOLDEN AGRI-RES.SG |
0.505 |
-0.98 |
SGX.SG |
7.1 |
1.43 |
HPH TRUST USD.SG |
0.68 |
-0.73 |
Important Factor for today:-
- Singapore shares are notably higher, drawing strength from solid gains in Hong Kong, after regulators said a highly anticipated trading link between the special administrative region and Shanghai will start operation next Monday.
- The board of directors of the Singapore Exchange has set up a four-member committee to oversee investigations into the power failure that shut down the securities and derivatives markets for hours on Wednesday.
- Sentiment in the Singapore market may be guarded amid growing expectations that the Federal Reserve would raise interest rates next year as the US economy continues to show signs of improvement. The latest indicator is the US unemployment rate, which sank to a six-year low of 5.8% in October as employers added more jobs.
- Loyz Energy, the upstream energy group, reported earnings of US$0.5 million ($0.6 million) for the 1Q15 ended Sept, compared to a loss of US$1.6 million a year ago.
- Swiber Holdings has entered into a sale and purchase agreement to sell its entire stakeholdings in Newcruz International Pte. Ltd. (NIPL) for US$18.59 million ($24 million) and PTSB Holdings for US$17.5 million to its subsidiary Vallianz Holdings.
- In Singapore, the Code of Professional Conduct and Ethics for public accountants and accounting entities will be strengthened further from Feb 1 next year.
- SUPER Group reported a 47 per cent slide year on year in net profit to S$9.98 million for the third quarter ended Sept 30 as revenue and margins declined.