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 and Malaysia Stock Market Technical Analysis Report

Market forecast for STI: Today’s performance of STI makes a Red candle & the formation of inverted hammer, where it has a small real body and a long shadow. Further the Moving Average Envelops shows that the STI is in consolidate phase and trading in a tight range where it’s becoming difficult for STI to sustain above the level of 3100.

Technical indicators:
RSI is under the base line @40.87 & MACD is moving flat where the CCI is performing at -151.88

STRAITS TIME  LEVELS
Support 1	3045
Support 2	3032
Support 3	3020
Resistance 1	3065
Resistance 2	3080
Resistance 3	3095

 Important Factor for today:-

• 30.2% increase in share price of Asiatravel between Tuesday & Wednesday further SGX made a red alert for it.
  
• SGX is about to revise the fee structure which will be applicable from 2nd May 2014 as to make the trading more cost effective the clearing fee would be reduced by one fifth from 0.04% to 0.325% of contract value.
  

Market Review for KLCI:
Today KLCI opened at 1814.29 and touched the high of 1818.17 further closed at the high. Today the green candle was formed for the day.

Market forecast for KLCI:
Hammer Pattern was formed by the todays candle with the small body and long shadow. Studding the Bollinger Bands it can be said that the KLCI is in the Over Sold position and can take a recovery for the up side. Where there is a flat move for the EMA.
Technical indicators:
RSI is just bellow the base line @48.19. Where the CCI is performing at -92.44.

KLCI LEVELS
Support 1	1805
Support 2	1792
Support 3	1778
Resistance 1	1825
Resistance 2	1838
Resistance 3	1852

Straits Time on 09 May 2013

Technical view on STI

 

STRAITS TIME LEVELS
Support 1	3400
Support 2	3385
Support 3	3360
Resistance 1	3425
Resistance 2	3440
Resistance 3	3470

Market Review:

Singapore shares rose to their highest in more than 5 years on today, encouraged by global data and Wall Street's extended record run. The Straits Times index rose 0.6 percent to 3,433.96, the highest since January 2008.

STI opens with good gap @ 3424.54 and then continuously traded in uptrend and finally made say high @ 3434.49 and closed for the day near to day high @ 3432.78 with gain of

Market forecast:

STI open with good gap and crossed its yesterday high and made another new high after 2008 i.e. 3434.49 and also closed near day high @ 3432.78.

As we explain in our previous report that STI crossed its resistance level which is also breakout point of “Ascending Triangle”. So according to this pattern more upward trend is expected.

Today STI formed a candlestick pattern called “rising window” this candle formed as its lower level is above the previous high in case of STI its true yesterday high was 3423.57 and today’s lower level is higher than yesterdays high i.e. 3434.49 .

Support:

STI having immediate support @ 3400 level and below this level it can take support @3385-3360 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3425 and above this level it may take resistance @ 3440-3470 levels.

Technical indicators:

Technical indicators MACD, RSI trading above centreline @ 72.42 are in recovery mode and CCI currently traded @ + 146.36 levels.

STI Singapore Market Forecast 13-Sept

Market Forecast

Markets on recovery mode as from the 1st trading day of the week. STI took support @ its lower trend line around 2980 levels and today STI closed just below the upper down slopping trend line after crossing its 20 day MA level. 

Now from todays move market likely to remain bullish for this week. As we told in our previous report that below STI fall in the downward channel and as it faced resistance @ upper down slopping trend line so expected that it can took support @ the down slopping support line @ 2980 levels.

STI closed above its 50 day MA level @3029.66 , so for next trading session if it will maintain above this level and crossed its 3035-3040 mark which is strong and multiple resistance level for STI than we can expect further bullishness in market. Technical indicators are looking in recovering mode on charts.

Support

STI having nearest support @ 3010 level and below this level it can take support @ 2995-2975 will be the support zone for STI.

Resistance

STI having Resistance @3040 and above this level it may take resistance @ 3060-3080 levels.

Singapore Stocks Market Update

Singapore Stocks Down Today

Singapore shares fell to a one-week low on Tuesday, largely in line with regional markets, while the world's second-largest rig builder Sembcorp Marine Ltd was among the big-cap stocks that dropped the most.

By 0500 GMT, the Straits Times Index (STI) was down 1.3 percent, or 37.53 points, at 2,954.27. Some 765.6 million shares worth S$986.7 million were traded, compared with 750.1 million shares worth S$391.4 million by the same time on Monday.

SGX Looking for New Place

Currently, SGX occupies about 170,000 sq ft of office space at the SGX Centre.

Although its lease at the SGX Centre in Shenton Way will not expire until 2014, the Singapore Exchange (SGX) is said to be already looking for a new address. According to The Staits Times, the bourse operator has apparently surveyed Asia Square, a Grade A building located in Marina View which also houses Google and Citi. However, they are still in the negotiation stage and nothing has been finalised.

SGX's change of address will likely excite landlords in the financial district, where prime office rents and occupancy are sliding, according to property analysts.

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Stock Market Singapore, STI for Tomorrow

STI Today's Review

Singapore stocks open mixed @ 2998.87 due to overnight fall in US market.
 

Singapore key index STI opens up @ 2998.87 and then it trades higher and made a high of 3010.50 but cant able to sustains that level and slips from higher and took support just below our support level of 2974.94 and
finally closed at lower level @ 2978.84 with loss of 15.22 points down by 0.51%.

Volume was 1.64 billion shares worth $1.33 billion. Losers led gainers 318 to 117. Singapore fuel oil stocks near 9-1/2 month high.

Singapore Market, STI for Tomorrow

STI tries to maintain itself above the 3000 mark, breached its 3000 mark and made a high of 3010.50 but as it has a good resistance level @ 3010- 3015 levels it fail to maintain that and fall.

After a last two days of up move STI today fails to hold the same movement and slips below 3k mark again but took support near to good level @ of 2975. If STI sustain above this level then it will be beneficial for long holders.

For the coming days, investors have to follow a cautious approach in markets as market was at high levels so some profit taking is possible from higher levels.

STI Support for Tomorrow

STI having nearest support @ 2945 and below this level it can take support @ 2920 levels and 2900 is the major support level.

STI Resistance Tomorrow

STI having Resistance @ 3015 and above this level it may take resistance from 3035-3050 levels.