SGX Singapore : STI Technical Report 11-March

Market Review for STI: THE Straits Times Index (STI) rebounded to gain 3.23 points or 0.09 per cent and trade at 3.407.8 as investors awaited China inflation data and following a rebound in US markets. 

Shares rose as a rebound overnight on Wall Street lured buyers back, although gains were mostly modest as investors mulled prospects for a sooner-than-expected rate hike in the US.

Market forecast for STI: We may expect bullish trend in next trading session. Technical Indicators: RSI is at 47 and CCI is at -121. Important Factor for today:-

• Resale prices of non-landed private residential properties stagnated in February, remaining unchanged from January, according to flash estimates from SRX Property.
• China’s consumer inflation quickened to 1.4 per cent in February, beating market expectations, recovering from a five-year low in January, but factory deflation worsened, underscoring deepening weakness in the economy
• Oil prices were mixed in Asia  as dealers weighed a strengthening US dollar with ongoing geopolitical tensions in the crude-rich Middle East.
• Property stock investors now are mainly focused on Indonesian and Thai developers while interest on Singapore and Malaysian developers was relatively low
• Q3 revenue growth from logistics, ecommerce-related businesses while mail revenue declined. Operating costs including labour and related expenses continue on uptrend. Strategic investments to drive transformation while enhancing efficiency and productivity.

Singapore SGX Daily Technical Analysis Report 1 July

Market Review for STI:
STI opens 8 points down at 3255.650. It made a high of 3256.370 and low of 3234.060. The closing is observed at 3242.640. Index is below 50 days EMA. Some 1.84 billion shares valued at S$765.7 million changed hands. Asian markets were mostly higher after data showed Chinese manufacturing activity picking up last month, while Tokyo was boosted by a weakening yen despite a dip in business confidence.

STI Day Performance
Open	3255.650
High	3256.370
Low	3234.060
Close	3242.640
Change(Points)	-13.030
% Change	-0.40
Volume	1822.6M
Rise	171
Fall	205
Unch	749

Market forecast for STI:
The red candle is formed as market opens lower and also closed at lower levels. This bearishness in market is expected to continue till some favourable data is expected.
Technical indicators:
RSI is below the centre line and is at 38.486. CCI is at -171.73. The 20 days EMA is at price level of 3269.665 and 50 days EMA at 3255.458.

STI LEVELS
Support 1	3252
Support 2	3250
Support 3	3248
Resistance 1	3244
Resistance 2	3248
Resistance 3	3250

Important Factor for today:-

• THE Personal Data Protection Act (PDPA) comes into full effect in Singapore on July 2, after an 18-month transition period for firms and organisations to get up to speed on the new rules. These rules govern how companies collect, use and protect personal data.
• TEMASEK Holdings has committed to contribute $60 million to Temasek Cares’ endowments, increasing their total endowment from $229 million to $289 million.
• PRIVATE home prices fell 1.1 per cent in the second quarter of this year over the previous quarter, shows Urban Redevelopment Authority’s flash estimates released on Tuesday. This marks the third consecutive quarter-on-quarter drop in URA’s widely-watched private home price index.
• European stock markets advanced on Tuesday, with French bank BNP Paribas higher after agreeing to pay a huge fine and miners leading the way in London after well-received Chinese data.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
JSH 500 USD	36.33	1.68	Olam Intl	2.52	-2.33
JMH 400 USD	59.68	0.62	Golden Agri-Res	0.545	-1.8
DBS	16.81	0.36	Jardine C&C	43.51	-1.7
SIA Engineering	5.06	0.2	ComfortDelGro	2.46	-1.6
UOB	22.51	-0.04	CapitaLand	3.16	-1.25

Singapore & Malaysia Stock market Analysis for 22nd April

Market Review for STI:
Today STI opened at 3260.78 and made a high of 3264.21 later pressure was seen in the market and it made a low of 3250.91 while closed at 3255.83. There was the volume of 1706.5Million.

STI Day Performance
Open	3260.78
High	3264.21
Low	3250.91
Close	3255.83
Change(Points)	2.03
% Change	0.06%
Volume	1706.5M
Rise	176
Fall	217
Unch	679

Market forecast for STI:
A Red candle was formed for the day a Spinning Top candle was formed with a short real body and short upper and lower shadow. As published in our weekly report; that STI would take some corrections, today it formed a red candle for the day and is expected to be in same correction mode for few trading sessions.
Technical indicators:
RSI is above the centre line @72.09 is about to move in overbought level. Where CCI is @ 130.87.

STRAITS TIME LEVELS
Support 1	3245
Support 2	3230
Support 3	3215
Resistance 1	3265
Resistance 2	3280
Resistance 3	3295

Important Factor for today:-

• CapitaMall Asia made a jump of 2.8% to S$75.3 million in Net Profit for 1Q 2014.
• RH Perto Gas Investments proposed sale of 49% Stake in RHP for US $ 2.79Million
• Shares in Catalist listed SHC Capital Asia surged on Monday that it is discussing a sale of its core insurance business.
• Trading in Chemoil will be suspended from 5 May 2014 as Friday 2nd May will be the last trading for Chemoil. 

Market Review for KLCI:

Today KLCI opened at 1851.61 and took the up move, made a high of 1864.94 and gave closing near to its high at 1862.93 while at the time of opening KLCI opened down with a lower side of 1849.68.

KLCI Day Performance
Open	1851.61
High	1864.94
Low	1849.68
Close	1862.93
Change(Points)	10.24
% Change	0.55%
Volume	2608.9M
Rise	523
Fall	326
Unch	1299

Market forecast for KLCI:
A long green candle was formed for the day with a long real body and short upper and lower shadow. As KLCI has recovered from down side and now is in a complete uptrend and looks forward to break its resistance of 1872 in the coming trading days.
Technical indicators:
RSI is above the centre line @62.42 else CCI is @111.71

KLCI LEVELS
Support 1	1852
Support 2	1840
Support 3	1825
Resistance 1	1872
Resistance 2	1885
Resistance 3	1899

Singapore Business Updates

Tokyo Stock Gained 0.37%

Tokyo stocks gained 0.37 percent Tuesday morning, boosted by a weaker yen and hopes that Greece will manage to reach a deal on a debt write-down with private bondholders. The Nikkei 225 index at the Tokyo Stock Exchange was up 32.35 points to 8,798.25 by the break after briefly topping the 8,800 mark for the first time since November.

Automakers were higher, led by Toyota Motor with a 2.86 percent gain to 2,798 yen. Sony lost 2.18 percent to 1,391 yen on profit-taking after the Nikkei business daily reported the electronics giant has proposed a capital alliance with scandal-hit Olympus. Olympus was flat at 1,297 yen. The Dow Jones Industrial Average of 30 blue-chip stocks closed up 0.76 percent at 12,720.48 on Monday while the Nasdaq Composite lost 0.06 percent to 2,786.70.

Sony sets up leadership campus in Singapore

Sony Corp. has established its first leadership campus outside Japan to train executives with skills to grow the company's business in Asia's emerging markets, company officials said. The company expects to invest about 4.5 million Singapore dollars ($3.5 million) over the next three years for the Sony University campus in Singapore. Between 70 and 100 Sony executives a year, mainly from Asia, will undergo training for three to six months at the Singapore campus, which occupies nearly 315 sq. meters on the ninth floor of an office building in the western part of the island state. The first training session is expected to take place from March.

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