SGX Stock Weekly Analytical Review

Weekly wrap of STI:

SINGAPORE share prices opened lower on Friday with the Straits Times Index down 10.15 points to 3,296.74.STI opened lower at 3289.680 than the previous week but ended higher at 3310.530. STI was in uptrend this week, in mid week it was little lower but recovered it further. Singapore’s small and medium sized enterprises (SMEs) are slightly more positive about their growth in the H2, reported by Singapore Business Federation (SBF) and DP SME Index. The total of 16.8 points positive movement is seen in this week. Singapore’s exports fell for a second straight month in June as per trade agency International Enterprise.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3200	3100	3000	3320	3340	3350

 Market Forecast for week ahead:

STI was bullish this week and can boost more if the resistance level of 3320 crosses. Prices are already above the 20 & 5o days EMA ,this indicated the rise .If the prices falls below the level of 3200 then we may expect index to be more bearish.

STRAIT TIMES WEEKLY WRAP
OPEN	3289.680
HIGH	3310.530
LOW	3286.280
CLOSE	3310.530
CHANGE (In Points)	+16.8
% CHANGE	+0.51%

Technical Indicators:

RSI is at 63.904 and CCI is at 85.306.Both the indicators are supportive for the bullish trend .MACD is at 4.045.

Macroeconomic factors:

• Singapore's non-oil domestic exports extend to fall in June, recording a year-on-year 4.6% drop.
• The Singapore economy performed worse than the market had expected in Q2 expanding 2.1% compared to a year ago, slower than the 4.7% growth seen in Q1.
• A Chinese tycoon seek to buy about 60% of the initial public offering of IREIT Global, a Singapore property trust that will invest in European properties and is aiming to raise about US$300 million
• The Singapore Exchange (SGX) continues to maintain a niche position in Southeast Asia's initial public offer (IPO) market, with its traditional strength in real estate investment trusts (REITs) and mineral, oil and gas (MOG) listings.
• Singapore’s economy contracted in April to June for the first time in 7 quarters, hit by a sharp drop in manufacturing activity and the drop to alter the outlook for the city-state’s tight monetary policy. Gross domestic product (GDP) shrank by 0.8% t in the 2^nd quarter on a seasonally adjusted and annualised basis.

SGX Singapore & Bursa Malaysia Stock Market Daily Updates

Market Review for STI:
Singapore’s gold futures contract on SGX to start trading September 2014. SGX announced proposals for a new regulatory framework for global companies to seek a secondary listing.

STI Day Performance
Open	3261.34
High	3270.07
Low	3260.23
Close	3261.54
Change(Points)	-0.490
% Change	-0.02%
Volume	2175.4M
Rise	152
Fall	240
Unch	699

Market forecast for STI:
After moving down over last week, Singapore Share prices opened mixed today with STI down 0.69 points to 3261.34. It formed an inverted umbrella pattern for the day by making high at 3270.07. The whole day range was 10 points by making low at 3260.23 and closed at 3261.54. Green candlestick pattern showed that buyer’s sentiments dominated sellers. A bearish reversal is anticipated as Inverted umbrella formed at the end of the significant long uptrend when buyers dominate the day but sellers fight back to close at the opening price, which is also the lowest price of the day.
Technical indicators:
RSI stood below the centre line at 44.495 with its CCI at-113.88. Difference line of MACD performed at -0.491 which lied below its signal line which performed at 5.181.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
CapitaMall Trust	2.3	1.32	Ascendas Reit	1.36	-2.51
CityDev	6.65	1.06	CapitaLand	2.47	-1.2
ComfortDelGro	3.87	1.04	CapitaMall Trust	2.42	-0.82
DBS	0.57	0.89	CityDev	0.615	-0.81
Genting Sing	2.68	0.75	ComfortDelGro	59.76	-0.78

Market Review for KLCI:
Malaysian Share prices opened lower with KLCI down 2.8 points to 1889.53. Ringgit opened lower against US dollar on profit taking activities and quoted at 3.2210/2231 against the currency. KLCI marked it’s open and close at the same level and Market moved between the ranges of almost 3.96 points.

KLCI Day Performance
Open	1889.53
High	1891.64
Low	1887.68
Close	1889.55
Change(Points)	-2.780
% Change	-0.15%
Volume	1730.3M
Rise	300
Fall	545
Unch	1365

Market forecast for KLCI:
Share prices opened and closed at the same price level by forming a Doji candlestick pattern. It is indecisive for the next movement though we may expect prices to open on mixed note tomorrow.Share prices opened and closed at the same price level by forming a Doji candlestick pattern. It is indecisive for the next movement though we may expect prices to open on mixed note tomorrow.
Technical indicators:
RSI stood below the centre line at 61.714 with its CCI at 180.279. Difference line of MACD performed at 5.082 which lied above its signal line which performed at 3.434.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
TENAGA	12.2	1.16	FGV	4.34	-1.59
RHBCAP	8.58	0.7	KLCC	6.45	-1.53
HLFG	16.1	0.5	YTL	1.58	-1.25
TM	6.35	0.47	SKPETRO	4.36	-1.13
SIME	9.66	0.42	GENTING	9.99	-0.7

Important Factor for today:-

• SGX announced proposals for a new regulatory framework for global companies to seek a secondary listing.
• Singapore’s state government signed a protocol agreement with Russia to continue expanding cooperation between Singapore and St Petersburg in sectors viz transport, science parks, urban planning, e-government and training programmes.
• Singapore’s gold futures contract on SGX to start trading September 2014.
• Lion Gold Corp has unveiled an agreement with Malaysian businessman to raise S$4.23 million.
• Longcheer Holdings is selling its wholly-owned subsidiary Mobell Technology for S$48 million to a company owned by Longcheer’s executive directors.

Market Review for STI Singapore & Malaysian KLCI

China’s stocks rose to its biggest gain in a week as renewed economic optimism showed that new equity sales will divert from existing shares. China’s manufacturing Purchasing Manager’s Index from HSBC Holdings Plc and Markit Economics rose to 50.8. Singapore has expanded economic co-operation with Russia. Besides, Singapore’s increased inflation rate by 2.7% may boost share prices.

STI Day Performance
Open	3258.28
High	3269.17
Low	3256.17
Close	3262.03
Change(Points)	4.630
% Change	0.14%
Volume	1592.5M
Rise	231
Fall	168
Unch	693

Market forecast for STI:
After moving down over last week, Singapore Share prices opened near previous close with STI up 0.88 points to 3258.280. It formed an inverted hammer pattern for the day by making high at 3269.170. The whole day range was 12.67 points by making low at 3256.500 and closed at 3262.030. Green candlestick pattern showed that buyer’s sentiments dominated sellers. A bullish reversal is anticipated as it covered prices range under rounded top pattern for more than a month and inflation in Singapore may put further trajectory.
Technical indicators:
RSI stood below the centre line at 46.484 with its CCI at-125.18. Difference line of MACD performed at 5.189 which lied below its signal line which performed at 8.386.

STI LEVELS
Support 1	3246
Support 2	3236
Support 3	3221
Resistance 1	3279
Resistance 2	3289
Resistance 3	3304

Important Factor for today:-

• Yoma Strategic Holdings has received an acquisition offer of 70% of land in Pun Hlaing Golf Estate (PHGE).
• R H Energy is under the reverse takeover by Chiway Land Group to get listing on SGX.
• Olam International reported a partnership with Mitsubishi Corporation of Japan (MC) to grow its Australian grains business for the investment of US$80 million to take an 80% equity stake in Olam’s wholly-owned subsidiary, Olam Grains Australia (OGA).
• Nam Cheong sold two accommodation work barges worth US$84 million to repeat customer Perdana Petroleum BHD.
• Singapore’s inflation rose to 2.7% in May.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
ComfortDelGro	2.5	2.88	HongkongLand USD	6.58	-1.05
SIA Engineering	5.09	1.6	Ascendas Reit	2.27	-0.87
CityDev	10.35	1.07	HPH Trust USD	0.715	-0.69
Golden Agri-Res	0.565	0.89	Olam Intl	2.44	-0.41
SingTel	3.83	0.79	Global Logistic	2.66	-0.38

Malaysian Share prices opened slightly higher with KLCI up 0.34 points to 1884.300 by strengthening Ringgit against US dollar on sustained demand in local market. KLCI made low of 1882.330 and a high same as its close at 1892.330. Market moved between the ranges of almost 10.19 points.

KLCI Day Performance
Open	1884.30
High	1892.33
Low	1882.14
Close	1892.33
Change(Points)	8.370
% Change	0.44%
Volume	2007.7m
Rise	451
Fall	396
Unch	1362

Market forecast for KLCI:
Share prices movement formed a rounded bottom pattern for the last week and today’s candlestick formed a large green candle showing buyers sentiments were aggressive over sellers.

KLCI LEVELS
Support 1	1872
Support 2	1862
Support 3	1847
Resistance 1	1902
Resistance 2	1912
Resistance 3	1927

Technical indicators:
RSI stood below the centre line at 64.504 with its CCI at 203.504. Difference line of MACD performed at 4.759 which lied above its signal line which performed at 3.193.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
YTL	1.6	3.23	GENM	4.23	-0.24
ASTRO	3.56	2.3	SKPETRO	4.41	-0.23
TENAGA	12.06	1.86	GENTING	10.06	-0.2
PETGAS	24.7	1.65	PBBANK	20.14	-0.2
FGV	4.41	1.38	PETDAG	24.18	0.08

STI & KLCI Technical Analysis Updates

Market Review for STI:
STI opened flat today with STI down 0.66 points to 3292.590.The counters are not performing so well, the movement is in uptrend and the prices are performing above the 20 days EMA i.e., 3283.924 and 50 day EMA is at3250.931. The prices moved in a range bound movement of 3289-3297 for the day. STI closed at 3290.26 and the low was marked at 3288.81.

STI Day Performance
Open	3292.59
High	3297.62
Low	3288.81
Close	3290.26
Change(Points)	-2.990
% Change	-0.09%
Volume	1531.1M
Rise	168
Fall	240
Unch	682

Market forecast for STI:
STI formed inverted hammer pattern for the day which is a trend reversal pattern. Though major trend is uptrend and from the last few days the movement is seen in a consolidation phase. We may expect the movement in lower side after it breaks the level of 3280.
Technical indicators:
RSI is above the centre line @55.927, and the consumer confidence index {CCI} is @42.299.

STI LEVELS
Support 1	3280
Support 2	3270
Support 3	3260
Resistance 1	3299
Resistance 2	3310
Resistance 3	3320

Important Factor for today:-

• Accenture has been awarded by Ministry of Social and Family Development (MSF) and infocomm Development Authority (IDA) foe a five and a half-year, S$26.5 million contract to develop Social Service net (SSNet).
• SingTel will allow users to customize post-paid mobile plans.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
ComfortDelGro	2.48	1.22	Noble	1.395	-3.46
JSH 500 USD	36.59	1.11	CapitaLand	3.17	-1.86
SPH	4.24	0.95	Jardine C&C	44.6	-1.33
JMH 400 USD	61.59	0.62	HongkongLand USD	6.73	-1.32
SIA	10.47	0.58	CapitaMall Trust	1.97	-0.76

Market Review for KLCI:
KLCI opened 1.22 points down to 1875.520.It opened at 1875.52 and formed a red candle for the day. The minor trend from the last five days is down and before that it was in a consolidation phase and before that it was in uptrend. It made a low of 1871.28 and closed at 1871.58 for the day. The market was down through the day. On an average the market is ranging between 20 and 50 days EMA.

KLCI Day Performance
Open	1875.52
High	1875.90
Low	1871.28
Close	1871.58
Change(Points)	-5.160
% Change	-0.27%
Volume	1359.7M
Rise	384
Fall	402
Unch	1419

Market forecast for KLCI:
The major trend of KLCI is uptrend but the minor is down and we may expect that it will move in a trend. It may range between 1860-1880.The support is found at 1870.

KLCI LEVELS
Support 1	1865
Support 2	1860
Support 3	1850
Resistance 1	1876
Resistance 2	1881
Resistance 3	1890

Technical indicators:
RSI is marked at 51.223, CCI is at 20.535. The 20 days EMA is marked at 1871.205 and 50 days EMA is marked at 1864.200.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
BAT	65.96	1.48	YTL	1.63	-1.81
IHH	4.28	0.47	SKPETRO	4.21	-1.64
MAYBANK	9.82	0.2	GENTING	10.06	-1.37
MISC	6.26	0.16	PPB	15.1	-1.31
TM	6.21	0.16	IOICORP	5.15	-1.15

Singapore Share Market Updates, SGX Share Live

Singapore Share Review

Shares started slightly mixed on Thursday after a run of gains this week as investors prepare for Chinese inflation data later in the day and want to see if a deal can be finally reached for a Greek bailout.

Straits Times Index fell 7.40 points or 0.25% to 2,974.80 on opening hours and in continuation of this it made a low of 2957.01 but took support at that level and recovers and made a high of 2992.93 but cant able to hold that level and slips and finally closed @ 2981.17 with loss of 1.03 points down by 0.03%.

A total of 3.26 billion shares, valued at $2.21 billion, were traded where gainers outnumbered losers 244 to 217.

Singapore Stock Market Tomorrow

STI try hard to cross its 3k mark today in the midsession but cant able to cross this level and closed down, this is crucial resistance level.

Today STI again face resistance level near to 3k mark and cant able to cross this level. As we mention in our previous reports that STI trading @ its technical pattern and above its multiple resistance level of 2912 so it could be bullish and touch the level of 3k or above and at this point STI looking more bullish and can go for.

STI took support above 2950 levels and as we mention in our weekly report that above this level it can be more bullish and we expect further upward movement till 3000-3050 if maintain above 3000 mark.

STI Support

STI having nearest support @ 2960 and below this level it can take support @ 2940-2920 level is the major support level.

STI Resistance

STI having Resistance @ 3000 and above this level it may take resistance from 3020- 3050 levels.

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Singapore Stock Market News

Goldman Sachs started coverage of Singapore-listed logistics company, Global Logistic Properties (GLP) (GLPL.SI), with a buy recommendation and set a 12-month price target of $2.34. By 10:20 A.M., GLP shares were up 1% at $1.865. The stock fell 13% since the start of last year. Goldman Sachs said GLP’s size and depth of its network in China and Japan displayed key competitive advantages.

Singapore Stock Market Updates

Singapore shares were higher at midday on Friday with the Straits Times Index gaining 14.10 points, or 0.50 per cent, to 2,825.30. On a turnover of $834 million, a total of 746.6 million shares were traded where gainers outnumbered losers 176 to 108.

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SGX - Singapore Stock Market for Tomorrow

Singapore Stock Market review

The Singapore market opened mixed on Thursday following further contraction in Singapore's manufacturing sector and as euro zone concerns persisted.

Straits Times Index rose 2.21 points or 0.08 per cent to 2,713.23 and after opening it consolidates some time and then it took support@ 2708 levels and then boom and crossed its 50 day MA level and made a day high of 2733.86 and then consolidate @ higher level and fell from that higher level and closed @ 2713.02

levels with gain of 2 points up by 0.07%.

On a turnover of $710.9 million, a total of 847 million shares were traded where gainers outnumbered losers 176 to 157.

SGX Forcast

STI was taking a good rally today it crossed its 50 day MA level after a month move,it was trading below its MA level and also closed with gain.

STI crossed its down slopping trend line which was a strong Resistance for STI from past few months and STI cant able to cross this line . This line draws by lower highs.

And today STI crossed this and sustain above this line.

STI formed a spinning top which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference

between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Singapore Stock Market support

STI having nearest support @ 2690 and below this level it can take support @ 2660-2640 level is the major support level.

Singapore Stock Market Resistance

STI having Resistance @ 2735 and above this level it may take resistance from 2755-2775 levels.

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Singapore Stock Market for Tomorrow

Singapore Stock Market Review

Singapore equities opens higher today after US and European shares rallied overnight on better-than-expected economic data from China, Germany and the United States.

Straits Times Index added 25.18 points or 0.94 % to 2,713.54 in the opening and then it fell down and breached the 2700 mark and took support @ 2694 levels and again takes a turn and closed near to days high of 2711.02 with gain of 22.66 points up by 0.84%.

As STI closed stronger its Volume was 865.70 million shares worth $832.10 million. There were 174 decliners versus 168 risers.

STI Forcast

Today STI opens higher but not sustain the higher level and fell down and made a low of 2694 and took support at this level and again recovers and closed near to days high.

STI opens above the Resistance level of 2695-2705 and also closed above this level, technically STI trading @ its down slopping trend line which was act strong Resistance past few months and STI cant able to cross this line . This line draws by lower highs.

With the previous day movement today also STI opens and trades in uptrend and

closed near to high so it formed a candlestick pattern called White Opening

Marubozu is a single candlestick pattern characterized by a long white body. It has

an upper shadow but no lower shadow. This is a strong bullish candlestick pattern.

STI Support

STI having nearest support @ 2690 and below this level it can take support @ 2660-2640 level is the major support level.

STI Resistance

STI having Resistance @ 2725 and above this level it may take resistance from 2740-2755 levels.

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Singapore Stock Market Live News

According to the advance gross domestic product (GDP) estimates released by the Ministry of Trade and Industry (MTI), Singapore’s economy experienced a slowing pace of growth in the fourth quarter of 2011. On a year-on-year (y-o-y) basis, GDP expanded by 3.6% compared to the 5.9% in the third quarter.

STI News

Singapore's trade-driven economy shrank in the last quarter of 2011, government figures showed Tuesday, raising the prospect of a technical recession as Europe grapples with its debt crisis.

Advance estimates released by the Ministry of Trade and Industry showed gross domestic product (GDP) fell 4.9 percent in the October-December quarter from the previous three months on a seasonally adjusted basis.

Singapore's total GDP was valued at Sg$303.7 billion ($235.3 billion) in 2010, government figures showed.

Market Review
STI opens on flat node in today's session as per mixed sentiments in over
the western and European countries.

STI opens @ 2828.53 levels and then it made a high of 2859.38 levels but
cant sustains the higher levels and traders in range but in the midsession
it suddenly turns and fell sharply and made a low of 2816.51 levels and
finally closed @ 2824.96 with loss of 3.57 points down by 0.13%.


SUPPORT
STI having nearest support @ 2820 and below this level it
can take support @ 2790-2750 levels is the major support
level.

Resistance
STI having immediate Resistance @ 2860 and above this
level 2890-2920 will be the major Resistance for market.

MARKET FORECAST
STI breached its major support of 2820 levels and took support on 2816.51
levels in today's session, and also it can able to cross its major resistance
zone of 2860, so the situation is weak on the markets.

Still STI cant able to sustain the lower level of 2820 so in future if it will
sustains below this level then it can move more down side.

On the other side STI making lower lows and lower highs its can able to
cross previous high but it breached its previous low day by day so if it will
sustains above previous day high then only it can move higher side.


TECHNICAL INDICATORS
Technical indicator MACD, RSI and stochastic trading in a
negative zone and look bearish.

Singapore Stock Market (STI) for Tomorrow - 25 May

MARKET REVIEW

After a freefall of last trading day, today STI was quite and having a range bound movement, but closed in positive node. STI opens @ 3110.48, than goes down and took support @ its lower level of 3105.32, and after that it made a high of 3121.66 , but finally closed @ 3113.09 with gain of 2.61 point up by 0.08%.

MARKET FORECAST

STI breaks all its support level of 100-50-200 day MA levels and today also it was trading below the resistance levels and can't even trade near

to resistance levels.

STI formed a short candle, which denotes very low movement in the market STI trades in very narrow range of 15 points in the whole day. Today is ranging move in STI and yesterday it breached its all major MA levels and today also it took support @ 3105 levels, if it will fails to recover from this level than it could be more bearish in coming days and we can see 100-150 points' correction from this level.

SUPPORT

STI having strong support @ 3090 @ its 50 week MA levels and below this level it can take support @ 3045-3010 levels.

RESISTANCE

STI having Resistance @ 3135 and above this level 3150-3170 will be the small and also major resistance zone for STI.

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SGX Nifty , STI Market for Tomorrow

MARKET REVIEW

After a winning strike of last week on the very first day on new week STI closed with some lose.

STI opens @ 3070.84 at days high but not sustains that higher level and made a low of 3044.33 and finally closed with some points of recovery @ 3057.38 losses of 13.46 points down by 0.44%.

MARKET FORECAST

As we told in our previous reports that STI having a trading range of 2950-3120 and it is moving between this range only and before last week STI breached this 2950 level and made a low of 2919 took support @ its 61.8% retreatment level.

Today STI faced Resistance @ 3070 level which is its previous multiple support as well as Resistance level, so now this level again act as a Resistance for the Market and also it took support @ up slopping trend line today. So the coming days , STI have to maintain above its 3070 levels for upwards rally and also not to breached its up slopping trend line level if

breached than it can go further down side.

SUPPORT

STI having strong support @ 3020 and below this level it can take support @ 2990-2960 levels.

RESISTANCE

STI having Resistance @ 3070 and above this level 3100-3130 will be the major resistance zone for STI.

TECHNICAL INDICATORS

MACD turn to be bullish phrase as it gave bullish crossover and also RSI reverse with today move, from up to down side but still maintain above its centreline of 50 @ 52.24.

Singapore Stock Market(STI) Tomorrow

Singapore Stock Market Tomorrow
As we told in our weekly report that STI trading @ its up slopping trend line and trying to maintain itself above this trend line and today also
it were closed above this trend line and not sustains below this which is good sign of recovery, If STI will maintain this level than it can go
upwards and if it can't sustains and we can see more down trend in the market.

Support for STI
STI having strong support @ 2985 level if STI breached this level than it can go for 2965-2945-2920 level soon as STI having its 76.40%
retracement level @2921 level so this level will act as a strong support zone for Market.

Resistace for STI
STI having Resistance @ 3035 which is a good Resistance zone as STI were not able to sustain this level from past 2 days and if sustains than
next higher level comes @ 3070-3100.