Weekly Technical Analysis For STI & KLCI

Weekly Technical view on STI
U.S. Federal Reserve’s policy statement came in the mid-month had a great impact on the market. The Great Financial Crisis of 2007-09 kicked into full-gear some six or seven years ago and caused the Straits Times Index to plummet almost two-thirds from its pre-crisis peak. Although Singapore’s share market bellwether is still 15% below its pre-crisis peak of 3,876 points reached in October 2007, the recovery these past few years has still been really strong.

As of today Japan edged higher, while Australia fell, as both markets stabilized after sharp gains in the previous session.

STRAIT TIMES WEEKLY WRAP
OPEN	3268.100
HIGH	3270.890
LOW	3258.800
CLOSE	3258.800
CHANGE (In Points)	-10.220
% CHANGE	-0.31

Market Forecast for week ahead:
STI did not performed well this week and break its lower level. We may expect that the STI may take a corrective action and may reverse a trend if the factors will be in favour but The indicators and the candlesticks are giving the indication that the bearish trend is expected to continue for the next well as well.
Technical Indicators:
RSI is above the centre line at 58.361 and CCI is at 65.515

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3230	3200	3170	3290	3300	3330

Weekly wrap of KLCI:
FBM KLCI was up 5.95 points to 1,887.43.Turnover was 164.12 million shares valued at RM1bil. SKPetro is the counter which took the credit for KLCI to move higher. The FBM KLCI fell at the midday break today in the absence of strong buying support by funds ahead of the weekend, though the KLCI made a high of 1,887.54 in intra-morning trade. Public Bank was the main drag on the KLCI as it fell 12 sen to RM20.24 after its rights shares went ex the previous day. It erased 1.21 points from the KLCI.

KLCI WEEKLY WRAP
OPEN	1885.360
HIGH	1887.540
LOW	1878.680
CLOSE	1885.720
CHANGE (In Points)	+4.240
% CHANGE	+0.23

Market Forecast for week ahead:
As per the economic conditions and the movement of market this week we may expect that it will move in uptrend and will break the higher levels. The indicators are also supportive for the uptrend movement.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1855	1825	1800	1900	1930	1960

Technical Indicators:
Relative Strength Index (RSI) is above the centre line and is at 64.295 and Consumer Confidence Index (CCI) is at 102.785.

Singapore Stock Market Updates With STI Analysis

Market Review for STI:
Share prices opened higher with STI 5.98 points up to 3282.78. Asian stocks rose today, with the Nikkei Average hitting a three-month high, as investors were reassured by the Federal Reserve’s commitment to low rates. The minor trend observed is downtrend for the day .The close is marked at 3269.020 and the high and low for the day is 3282.970 and 3268.320 respectively.

 

STI Day Performance
Open	3282.780
High	3282.970
Low	3268.320
Close	3269.020
Change(Points)	-7.780
% Change	-0.24%
Volume	2035.9M
Rise	208
Fall	190
Unch	694

Market forecast for STI:
The STI now is expected to follow its trend and break the level of 3260 and if the market conditions remain unchanged then may also break the level of 3220.
Technical indicators:
RSI is below the centre line at 46.748 and CCI is marked at -111.40.The current prices lie below 20 days EMA.

STI LEVELS
Support 1	3259
Support 2	3249
Support 3	3234
Resistance 1	3292
Resistance 2	3302
Resistance 3	3317

Important Factor for today:-

• Vard holdings outperformed the stock market, fixing its 12 month target price for the shipping company at S$1.21 a share, CLSA reported.
• Strong growth outlook over the coming five years, strong fiscal and debt metrics supported Singapore's AAA rating.
• Tiger air after making losses announced to cease operating from July 1, 2014.
• Singapore's ministry of law has formed an advisory committee on money-lending to review its regulatory regime look into a cap on interest rates for money-lending loans, restrictions on the charging of fees by money-lenders; and a cap on the total amount of such loans taken out by each borrower.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Noble	1.4	1.82	ComfortDelGro	2.44	-1.61
JMH 400 USD	61.03	1.29	HPH Trust USD	0.72	-1.37
Ascendas Reit	2.3	0.88	HongkongLand USD	6.67	-1.04
CapitaLand	3.23	0.62	SingTel	3.82	-1.04
SIA	10.44	0.58	JSH 500 USD	36.42	-0.9

SGX Stock Live Updtaes for Tomorrow

STI Review for Today

Singapore Investors finally had something to cheer as STI ended in the green for the first time in five sessions with good volume and confidence of investors.

STI starts day with positive node and throughout the day it continues its euphoria and crossed the Resistance level of 2750 and made day high @ 2765.97 and finally closed @ 2760.83 with gain of 48.52 points up by 1.79%.

The Straits Times Index rose 48.52 points to end at 2,760.83. Volume was 1.24 billion shares. Gainers led losers 294 to 75.

Stock Market for Tomorrow

STI begins day with firm node and closed above the major resistance level as mention 2760, which is good sign of recovery as it took support on the major level of 200 week MA.

Today STI 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 for Tomorrow

STI having nearest support @ 2745 level and below this level it can take support @ 2720-2698 will be the support zone for STI.

STI Resistance for Tomorrow

STI having Resistance @2775 and above this level it may take resistance @ 2795-2815 levels.

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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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Live Singapore Business News

53.54% of SMB United shareholders accept Osaki's offer

The shareholders of SMB United Limited who have accepted the voluntary cash offer by Osaki Electric Co Ltd can expect to receive payment within 10 days. Osaki Electric said on Friday that it has received 53.54 per cent acceptance for its offer. Accordingly, the offer has become unconditional as to acceptance. The offer will remain open for acceptance until February 27, 2012 at 5.30pm.

Strait Times Index Slightly down

Singapore shares edged lower by mid-day after rising for four straight sessions, with commodities firm Olam International and rig builder Sembcorp Marine shedding more than 1 percent each. Among stand-out gainers, shares of Singapore-listed forestry firm United Fiber System Ltd surged as much as 71 percent after it struck a S$1.5 billion reverse takeover deal with Indonesian coal miner PT Golden Energy Mines Tbk. By 0530 GMT, the Straits Times Index was down 0.1 percent, or 3.21 points, at 2,891.22. The index has advanced around 9 percent so far this year, making it the best performer among major Southeast Asian markets.

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