Singapore & Malaysia Stock Market Forecast for Next Week

Weekly wrap of STI:

STI Share prices opened lower in early trading session with STI down 6.71 points to 3271.86. Performance for this week maintained an uptrend and formed a rounded bottom pattern with previous week’s candlesticks. 

STI Day Performance
Open	3262.17
High	3279.37
Low	3254.26
Close	3271.05
Change(Points)	12.25
% Change	0.37%
Volume	1539.3M
Rise	182
Fall	188
Unch	724

Market Forecast for week ahead:

This whole week prices formed a white spinning top and today’s price formed long legged Doji in red market, both the candlestick’s pattern signal indecision. Unexpected price movements may happen.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3220	3180	3160	3310	3350	3382

Technical Indicators:

RSI stood at 59.041 with CCI at 60.542. And difference line of MACD (38.544) is above its signal line (31.518).

Macroeconomic factors:

• Singapore’s Manufacturing Sector has slipped to 2.5% in May due to drops in both the electronics and biomedical manufacturing clusters.
• 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.
• Singapore’s inflation rose to 2.7% in May.

Weekly wrap of KLCI:

Malaysian share prices opened on a mixed note today with KLCI down 0.63 points to 1889.34. Continued to trade lower in mid-morning weighed by losses in Public Bank and PETRONAS linked companies. Malaysia ranked 7th top FDI recipient in Asia on the scale of investments in manufacturing, services and primary sectors in 2013.

FBMKLCI Day Performance
Open	1884.74
High	1892.33
Low	1880.25
Close	1880.93
Change(Points)	-4.79
% Change	-0.25%
Volume	1644.1M
Rise	371
Fall	393
Unch	1448

KLCI performed a range bound traded session this whole week but quite well from previous week. Today, it opened at 1884.74, performed within a range of 12 points. Prices went down as sellers dominated buyers and closed at 1880.93 points. Market has been in a consolidated phase this week. From the perspective of whole week, KLCI performed low on an account of previous 2 week price movements. A weekly chart showed that KLCI focused on lower price movements and made an inverted hammer pattern with along uptrend which anticipates bearish reversal.

Market Forecast for week ahead:

After performing a sideway price movements in the whole week, a long red candle was formed for the day ending. We may expect a fall in prices of KLCI stocks which leads to make a downtrend for KLCI next week.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1868	1850	1840	1889	1892	1900

Technical indicators:

RSI for this week is 62.139 with CCI at 109.413. Besides, difference line of MACD (18.655) stood above its signal line (18.154).

SGX | Malaysia Stock Market Overview for 26 June

Market Review for STI:
Share prices opened higher today with STI 5.16 up points to 3266.70. Prices closed at the level of 3265.78 which covered half of the previous upper shadow. Asian stocks rose as investors watch for US recovery.

STI Day Performance
Open	3266.70
High	3279.37
Low	3265.78
Close	3278.57
Change(Points)	17.030
% Change	0.52%
Volume	1745.5M
Rise	216
Fall	160
Unch	717

Market forecast for STI:
A long green candle is formed for the day followed by an inverted umbrella. Last six trading session candles formed a small rounded bottom pattern. For the next movement, it is expected that prices may go up.
Technical indicators:
RSI stood below the centre line at 52.858 with its CCI at-48.534. Difference line of MACD performed at 0.063 which lied below its signal line which performed at 4.158.

STI LEVELS
Support 1	3255
Support 2	3245
Support 3	3230
Resistance 1	3289
Resistance 2	3299
Resistance 3	3314

Important Factor for today:-

• Singapore launches three residential sites for sale in June 2014 under H1 Government Land Sales Programme by the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB).
• Ascendas Real Estate Investment Trust sees net income yield of 6.98% from purchasing of Hyflux Innovation Centre for S$170 million in the first year.
• GSH Corporation will undergo a sell and purchase agreement with Keppel Land and its fund management partners to buy Equity Plaza for S$550 million.
• Wilmar International has closed the deal to buy Huntsman Corporation’s European commodity surfactants business.
• Hyflux international has signed a MOU with Banco Interacciones to collaboration water projects in Mexico.
• Air India became a member of Star Alliance, benefits and privileges could be seen from July 11 onwards.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
JMH 400 USD	60.77	1.69	Golden Agri-Res	0.565	-0.88
CapitaMall Trust	1.99	1.53	CapitaLand	3.2	-0.31
JSH 500 USD	37.02	1.48	Jardine C&C	43.85	0.02
Noble	1.38	1.47	SIA	10.36	0.1
SPH	4.21	0.96	SGX	6.92	0.14

Market Review for KLCI:
Malaysian share prices opened at mixed note near to previous close with KLCI down 0.81 points to 1888.74. Manufacture sector could support the momentum of Malaysia’s business environment in the 2H 2014.

KLCI Day Performance
Open	1888.74
High	1889.97
Low	1882.25
Close	1889.97
Change(Points)	0.420
% Change	0.02%
Volume	1420.8M
Rise	387
Fall	414
Unch	1410

Market forecast for KLCI:
Share prices opened at 1889.740 and closed at 1889.970 by making a low of 1882.250. A green body is formed having a long lower shadow which made a hanging man pattern in long uptrend, signalling a bearish reversal. It is expected that market may fall down.

KLCI LEVELS
Support 1	1872
Support 2	1862
Support 3	1847
Resistance 1	1899
Resistance 2	1909
Resistance 3	1924

Technical indicators:
RSI stood below the centre line at 61.968 with its CCI at 128.86. Difference line of MACD performed at 5.514 which lied above its signal line which performed at 3.978.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
PPB	15.08	1.89	KLCC	6.39	-0.93
PETDAG	24.6	1.82	IHH	4.35	-0.69
SKPETRO	4.41	1.15	PBBANK	19.9	-0.6
GENTING	10.1	1.1	ASTRO	3.55	-0.56
GENM	4.2	0.48	HLBANK	13.86	-0.29

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.