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Wednesday, December 3, 2014

Singapore Stock Market (SGX) : STI Review 3rd Dec

Market Review for STI:
SINGAPORE shares opened higher today with the STI gaining 10.07 points to 3,332.39. Singapore shares surrendered early gains and ended lower in a session shortened by a software glitch at the Singapore Exchange, which earned a dressing-down from the central bank for causing a disruption to the market just four weeks after a power failure at its data centre shut down trading for hours.
Stock Picks for Tomorrow
STI Day Performance
Open
3323.97
High
3335.81
Low
3303.39
Close
3303.39
Change(Points)
-18.93
% Change
-0.57%
Volume
1174.2M
Rise
120
Fall
249
Unch
417
Market forecast for STI:
STI is expected to make higher lows and may trade lower in a range of 3280-3310.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3300
3290
3280
3340
3350
3360
Technical Indicators:
RSI is at 54.12 and CCI is at 15.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
THAIBEV.SG
0.7
3.7
SEMBCORP IND.SG
4.2
-3.23
CAPITALAND.SG
3.28
0.61
SEMBCORP MARINE.SG
2.91
-2.68
UOB.SG
23.97
0.5
NOBLE.SG
1.155
-2.53
SIA.SG
10.94
0.37
GOLDEN AGRI-RES.SG
0.445
-2.2
CITYDEV.SG
9.88
-0.1
SIA ENGINEERING.SG
4
-1.72
Important Factor for today:-
  • The Monetary Authority of Singapore, the city-state's central bank, said on Wednesday the lapse that delayed the opening of trading at the Singapore Exchange is "unacceptable" and it would not hesitate to take action against the bourse.
  • Central banks across the most developed and some major emerging-market economies will battle against low inflation in 2015, says Morgan Stanley."Economic growth won't be the big concern for markets in 2015. It will be the key concern for the economies.
  • SGX chief executive Magnus Bocker apologized for the latest market disruption, saying that the market operator takes full responsibility.
  • Singapore’s Purchasing Managers' Index (PMI) dipped slightly in November to 51.8, down 0.1 from October's three-and-a-half-year high of 51.9
  • OCBC Investment Research is maintaining its "overweight" recommendation on Singapore's land transport sector as it expects the growth momentum seen in 2014 will sustain into 2015 based on both near-term and longer-term factors.
  • China New Town Development is selling its town development project in Wuxi for RMB1.13 billion ($227 million).

 
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