SGX Stock - Singapore Market Updates

Stock Market Review
Singapore shares took a dive early on today morning with the benchmark Straits Times Index down 21.71 points at 2,766.1.

STI starts day with deeply negative node but it took support @ 2760 levels and recovers all the losses and made a day high of 2797.08 and closed also the highest level of the day with gain of 9.27 points up by 0.33%. Losers outnumbered gainers 170 to 134. Overall volume traded was 1.40 billion shares.

Stock Tips for tomorrow
STI opens negative but soon it took support @ lowers levels and recovers all the early hours’ losses and also crossed the yesterday’s higher level and closed highest level of the day.

STI made high above its resistance level of 2795 but cant able to crossed its 2800 mark, as markets opens lower and closed higher it made a long white candlestick.

STI having a immediate resistance level @ 2815 mark, if it will sustain this level than we can see 50-80 points rally from this level.

STI Support
STI having nearest support @ 2760 level and below this level it can take support @ 2740-2720 will be the support zone for STI.

STI Resistance
STI having Resistance @2815 and above this level it may take resistance @ 2835-2870 levels.

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SGX Stock Prices with Live Stock Updates - Singpaore Market

Today Singapore Market Review
Southeast Asian stock markets ended mostly higher on Monday as a bailout for Spanish banks improved sentiments.

STI starts day with positive node opens @ 2770.86 and made a day high of 2790.19 and closed also near to high @ 2787.81 with gain of 49.92 points up by 1.82% wow basis. Gainers beat losers 261 to 98. Overall volume traded was 1.13 billion shares.

Singapore’s key exports raised 3.2 % on-year in May, as electronics and pharmaceuticals shipments increased. The non-oil domestic exports (NODX) figure is also higher than the revised 1.7 % growth in the previous month.

SGX Stock for Tomorrow
STI opens above its 20 day weighted MA level of 2764.34 and moves towards its major resistance level of 2795, made day High @ 2790.19 but closed just below this level @ 2787.81.

A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appearswhen prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trend line, or retracement level), the long white candle adds credibility to the support.

STI Support for Tomorrow
STI having nearest support @ 2765 level and below this level it can take support @ 2740-2720 will be the support
zone for STI.

STI Resistance for Tomorrow
STI having Resistance @2795 and above this level it may take resistance @ 2815-2835 levels.

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SGX Stock Picks, Live Stock Market Tips for tomorrow

Singapore Stock Market Review
Singapore shares saw a sharp fall early on 1st trading day of the week with the benchmark Straits Times Index shedding 40.32 points to start at 2,705.39.as poor US jobs data added to already weak sentiment caused by Spain's banking crisis and political uncertainty in Greece.

STI open with deep down and then traded on flat node it lost almost 50 points in a single trading day and breached its 2700 mark and closed below this level @ 2698.90.

The STI hit its lowest level for 5 months taking its lead from Wall Street on Friday which reacted badly to weak payrolls figures.STI ended the day 1.7% down at 2,698.90.

STI Stock Market for Tomorrow
Day start with bearish sentiments opens down from last week closed, below 40 points down @ 2705 levels, crossed all the support levels and took support near to 200 week MA level.

STI breached all the support levels and today it closed near to technically strong level of 200 week MA level and it looks more bearish @ this point if breached 2690 mark than it will look further bearish 2620-2500 levels.

STI Support
STI having nearest support @ 2690 level and below this
level it can take support @ 2670-2640 will be the support zone for STI.

STI Resistance
STI having Resistance @2725 and above this level it may take resistance @ 2740-2775 levels.

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Singapore Stock Market Live Prices

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DMG & Partners Research lowered its target price on luxury hotel operator Stamford Land Corp Ltd to S$0.73 from S$0.78 but maintained its buy rating. Stamford shares were flat at S$0.555 and have remained steady so far this year. The broker cut its earnings estimate for Stamford's 2012 fiscal year by 24 percent due to slower residential sales as the remaining units in the firm's Sydney project are larger units priced at around A$10 million ($10 million) each.

But it said Stamford's hotels had seen better occupancies and rates on the back of a buoyant Australian economy and stronger demand from the domestic corporate segment. DMG said the lapse of a memorandum of understanding for the sale-and-leaseback of Stamford's three hotels in Melbourne, Sydney and Adelaide was a near-term setback to the company's efforts to unlock value from its hotel assets.

Maybank Kim Eng Research cut its rating on CapitaCommercial Trust (CCT) CACT.SI to sell from hold and lowered its target price to S$1.06 from S$1.25. CCT's units were flat at S$1.25, having risen about 18 percent so far this year. Kim Eng said CCT's average office portfolio rent fell to S$7.45 per square foot (psf) in March from S$7.66 psf in December 2011 and said a quick upturn in office demand is unlikely due to ample supply and the prospect of tepid gross domestic product growth.

Tokyo Stock on downside

Tokyo shares fell 0.29 percent on Monday morning, giving up early gains as investors waited for policy meetings of the US and Japanese central banks later in the week. The Nikkei 225 index at the Tokyo Stock Exchange was down 27.88 points to 9,533.48 by the break. The Topix index of all first-section issues slipped 0.34 percent or 2.78 points to 809.16 yen.  After opening higher following gains on Wall Street on Friday, Tokyo shares slipped as a wait-and-see mood took hold. US stocks were boosted on Friday by better-than-expected earnings from blue-chips, said Tachibana Securities operating officer Kenichi Hirano.

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Singapore Stock Market (STI) for Tomorrow

Singapore Market Review

Singapore shares are set to fall on Monday after ratings agency Standard & Poor's downgraded the credit ratings of nine euro zone countries, including France which lost its top-notch AAA status. Market opens @2760.75loss of 30.79 points or 1.08% on opening.

STI opens down and trades down all the day it fell by midday, largely in line with regional markets, as the mass euro-zone sovereign debt rating cuts by Standard & Poor's, STI made a low of 2746.60 below its major support of 2750 and finally closed 2756.49 with loss of 35.05 point down by 1.26% .

Some 400.7 million shares worth S$355.9 million were traded, compared with 510.3 million shares worth S$471.9 million at the same time on Friday. Singapore Exchange Ltd, Asia's second-largest listed bourse operator, fell 1.6 nd percent ahead of fiscal 2 -quarter results that will likely show a sharp drop in net
profit.

STI For Tomorrow

Today the Singapore market was in negative territory for the euro zone reason but still it looks more bearish.
 

As we mention in our weekly report that STI having a multiple resistance level @ 2792-95 levels and it can face major resistance at this level and STI follow this and trades lower.

Today STI formed a bearish candlestick pattern which covers ¾ of last day green candle and closed down and we expect that STI may negative from this level.

STI Support

STI having nearest support @ 2740 and below this level it can take support @ 2720-2690 level is the major support level.

STI Resistance

STI having Resistance @ 2765 and above this level it may take resistance from 2785-2795 levels.

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STI for next week - 16-20 Jan

Support & Resistance

S1 - 2770
S2- 2740
S3- 2700
R1 - 2790
R2 - 2830
R3 - 2850

Singapore Stock Exchange(SGX) Tomorrow Strategy

SGX Market Review

Stocks opened higher on Tuesday after a New Year rally in European stocks with the key Straits Times Index up 14.28 points or 0.54 % to 2,660.63.

STI opens with gap up and traded higher side whole day opens above 2660 levels and then consolidate @ 2680 levels and then it breached the resistance level of last week @ 2683 and made a day high of 2693.23 and finally closed @2688.36 with gain of 42.01 points up by 1.59%.

A total of 922.3 million shares, valued at $690.4 million, were traded. Gainers outnumbered losers 272 to 73.

Singapore Market Tomorrow

Today STI opens higher and recovers all the last week losses and closed near to days high @ 2688.36. After a 4 trading days STI closed in a positive zone.

STI opens above the previous support level of 2660 and trades higher and also crossed weekly Resistance of 2683 and closed above this level.

As market 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 @ 2660 and below this level it can take support @ 2640-2620 level is the major support level.

STI Resistance

STI having Resistance @ 2695 and above this level it may take resistance from 2705-2725-2750 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.