SGX Share Market : STI Stock Picks & Technical Analysis Review

Market Review for STI:
share prices opened higher with the Straits Times Index up 2.65 points to 3,463.50. Singapore shares drifted between the positive and negative territory in a moribund trading session, due to a lack of fresh leads as US markets were closed overnight for the Memorial Day holiday.

STI Day Performance
Open	3463.92
High	3467.10
Low	3456.85
Close	3459.98
Change(Points)	-0.87
% Change	0.03%
Volume	1663.9M
Rise	198
Fall	239
Unch	919

Market forecast for STI:
We may expect STI will go down in next trading session.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3457	3352	3320	3475	3520	3550

Technical Indicators:
RSI is at 49 and CCI is at 2.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
st engineering.sg	3.42	1.48	ascendas reit.sg	0.43	-2.27
sph.sg	8.74	1.04	capitaland.sg	0.92	-1.08
singtel.sg	3.05	0.99	capitamall trust.sg	61.01	-0.83
sia.sg	4.19	0.48	citydev.sg	3.63	-0.82
sia engineering.sg	4.24	0.47	comfortdelgro.sg	0.665	-0.75

Important Factor for today:-

• Valuetronics Holdings posted a 0.9 per cent increase in net profit to HK$149.2 million (S$25.7 million) for its full year ended March 31, 2015.
• AVJennings has signed agreements to acquire the Waterline Place project in Williamstown, Victoria.
• Stamford Land Corp reported an 87.5 per cent surge in net profit to S$5.39 million for the fourth quarter ended March 31, 2015, as revenue was boosted by its property development segment.
• Jason Marine turned in a 39.8 per cent rise in net profit to S$3.89 million with help from higher net exchange gain.
• Fischer Tech reported a net profit of S$7.48 million for the financial year ended March 31, 2015, up 12.7 per cent year on year.
• DBS Bank as ramped up its commitment to Marina Bay, with a pledge of S$12 million over three years to further boost activities in the area.
• Singapore's GDP growth revised down to average 2-4% per year from now to 2020: MTI.
• Singapore's Q1 non-oil domestic exports up 4.8% from a year ago.
• Singapore's Q1 GDP growth better than expected at 2.6%.
• Brent trades near $65 with volumes lower amid public holidays.
• Gold struggles near US$1,200 on Yellen comments, robust dollar.

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.

STI & KLCI Technical Analysis Updates

Market Review for STI:
STI opened flat today with STI down 0.66 points to 3292.590.The counters are not performing so well, the movement is in uptrend and the prices are performing above the 20 days EMA i.e., 3283.924 and 50 day EMA is at3250.931. The prices moved in a range bound movement of 3289-3297 for the day. STI closed at 3290.26 and the low was marked at 3288.81.

STI Day Performance
Open	3292.59
High	3297.62
Low	3288.81
Close	3290.26
Change(Points)	-2.990
% Change	-0.09%
Volume	1531.1M
Rise	168
Fall	240
Unch	682

Market forecast for STI:
STI formed inverted hammer pattern for the day which is a trend reversal pattern. Though major trend is uptrend and from the last few days the movement is seen in a consolidation phase. We may expect the movement in lower side after it breaks the level of 3280.
Technical indicators:
RSI is above the centre line @55.927, and the consumer confidence index {CCI} is @42.299.

STI LEVELS
Support 1	3280
Support 2	3270
Support 3	3260
Resistance 1	3299
Resistance 2	3310
Resistance 3	3320

Important Factor for today:-

• Accenture has been awarded by Ministry of Social and Family Development (MSF) and infocomm Development Authority (IDA) foe a five and a half-year, S$26.5 million contract to develop Social Service net (SSNet).
• SingTel will allow users to customize post-paid mobile plans.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
ComfortDelGro	2.48	1.22	Noble	1.395	-3.46
JSH 500 USD	36.59	1.11	CapitaLand	3.17	-1.86
SPH	4.24	0.95	Jardine C&C	44.6	-1.33
JMH 400 USD	61.59	0.62	HongkongLand USD	6.73	-1.32
SIA	10.47	0.58	CapitaMall Trust	1.97	-0.76

Market Review for KLCI:
KLCI opened 1.22 points down to 1875.520.It opened at 1875.52 and formed a red candle for the day. The minor trend from the last five days is down and before that it was in a consolidation phase and before that it was in uptrend. It made a low of 1871.28 and closed at 1871.58 for the day. The market was down through the day. On an average the market is ranging between 20 and 50 days EMA.

KLCI Day Performance
Open	1875.52
High	1875.90
Low	1871.28
Close	1871.58
Change(Points)	-5.160
% Change	-0.27%
Volume	1359.7M
Rise	384
Fall	402
Unch	1419

Market forecast for KLCI:
The major trend of KLCI is uptrend but the minor is down and we may expect that it will move in a trend. It may range between 1860-1880.The support is found at 1870.

KLCI LEVELS
Support 1	1865
Support 2	1860
Support 3	1850
Resistance 1	1876
Resistance 2	1881
Resistance 3	1890

Technical indicators:
RSI is marked at 51.223, CCI is at 20.535. The 20 days EMA is marked at 1871.205 and 50 days EMA is marked at 1864.200.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
BAT	65.96	1.48	YTL	1.63	-1.81
IHH	4.28	0.47	SKPETRO	4.21	-1.64
MAYBANK	9.82	0.2	GENTING	10.06	-1.37
MISC	6.26	0.16	PPB	15.1	-1.31
TM	6.21	0.16	IOICORP	5.15	-1.15

SGX Stock Prices Singapore Updates

SGX Stock Review Today

Singapore equities open gap down @2914.41 levels. Asian shares fell and the euro stayed under pressure as Greek politicians struggled to form a government after elections, raising the risk that a hard-won bailout could be nullified.

Singapore's key index retreated to the lowest level in more than 3 months in a regional sell-off on Greece bailout uncertainty. Straits Times Index was down 0.7 percent at 2,911.90 points after hitting an intra-day low of 2,906.33, the weakest since early February.

Singapore share prices tumbled on Wednesday with the Straits Times Index down 31.07 points to 2,900.91 amid reports of uncertainty in Europe. Volume was 1.71 billion shares worth S$1.12 billion.

SGX Stock Real Time Updates for Tomorrow

After yesterdays halt again STI opens and maintain its lower level and closed exactly the support zone of 2900 mark. If crossed this than we expect panic in market.

On the Daily Graph STI trading near to its previously formed flag patterns resistance line if it will cross this than we expect to come more downwards.

STI formed a black long candlestick pattern called The Black Marubozu is a single candlestick pattern characterized by a long black body. It does not have any shadows on either end. It is an extremely strong bearish candlestick pattern. This shows that the sellers controlled the price action from the first trade to the last trade.

STI Support

STI having nearest support @ 2985 level and below this level it can take support @ 2860-2840 which is its 200 day

AM level will be the major support zone.

STI Resistance

STI having Resistance @2915 and above this level it may take resistance @ 2935-2950 levels.

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SGX Stock Prices Singapore Updates

SGX Stocks Live today

Singapore share prices opened lower on Monday with the Straits Times Index down 43.11 points to 2,947.48 minutes after its open. Amid fears over the euro zone debt crisis after anti-austerity parties won elections in France and Greece at the weekend.

Singapore's share market losing more than 2 % its lowest level in a month and tracking a similar drop for the MSCI Asia-Pacific ex-Japan.

Singapore April foreign reserves up 1 pct from March.

Singapore stock for Tomorrow

Market lose its all grounds and ignored all the support levels and made a low of 2918.14 levels and closed near to its lower level@ 2924.95 lost

more than 65.64 points down by 2.19%.

On the daily chart STI breached it’s up slopping trend line and even its 50 day MA level on opening hours and then it trades lower levels.

STI formed a black long candlestick pattern called The Black Opening Marubozu is a single candlestick pattern it long body with lower wick and no upper wick shows that the day opened and prices continuously went down but they did not close at the low of the day and thus they created a lower shadow. It is a day for bears and such a bearish rally should cause concern among the bulls.

STI Support for Tomorrow

STI having nearest support @ 2910 level and below this level it can take support @ 2895-2880 level is the major support zone.

STI Resistance for Tomorrow

STI having Resistance @2935 and above this level it may take resistance @ 2950-2975 levels.

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SGX Stock Live Market Updates

Singapore Market Review

Singapore share prices opened higher on Thursday with the Straits Times Index up 2.03 points to 2,981.81.Volume was 297.1 million shares worth S$81.3 million.

Singapore stocks slipped by midday, bucking the trend in other Asian bourses as losses in blue chip. Singapore, industrial output fell 3.4 % in March, compared to the same month last year.

Electronics output shrank 16 % while output from the biomedical sector fell 3.3 %, partly due to a 6.3 % contraction in pharmaceuticals.

Singapore share prices closed stronger on Thursday with the Straits Times Index up 1.69 points to 2,981.47.Volume was 3.58 billion shares worth $1.12 billion.

SGX Stock Tomorrow

Today STI trades is a positive range , range was not wide from yesterday it able to crossed its 50 day MA level but closed below this level.

Markets took support level @ its 2960 and today it maintain that level and trades above that support line and made a day high of 2989.59 which is higher than the yesterdays high , and crossed its 50 day MA level but closed below that level.

STI is trading in a consolidation phrase and its range is 2940-3035, so whenever it will not crossed either side we can’t expect any big move.

STI Support for tomorrow

STI having nearest support @ 2960 level and below this level it can take support @ 2945-2925 level is the major

support zone.

STI Resistance for Tomorrow

STI having Resistance @2990 and above this level it may take resistance @ 3000-3015 levels.

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Singapore STI Stock Picks for Tomorrow

SGX Today Market Review

Shares were little changed in opening trade on Wednesday after Greece delayed a decision over the unpopular terms of a new European bailout, taking the edge off investors' appetite for fresh gains.

STI opens up @ 2,962.54 with gain of 4.79 points and trades higher but comes down and took support@ 2957.78 level and then trades up side and made a high of 2985.98 and finally closed near to day high @ 2982.20 with gain of 24.42 points up by 0.83%.

On a turnover of $2.11 billion, a total of 3.33 billion shares were traded where gainers outnumbered losers 373 to 109.

Singapore Market Tomorrow

STI trades higher side and looking like it will soon crossed 3000 mark , today trades higher and made a high of 2985.98 and closed near to day's high @ 2982.20.

As we mention in our previous reports that STI trading @ its technical pattern and above its multiple resistance level of 2912 so it could be bullish and touch the level of 3k or above and at this point STI looking more bullish and can go for .

STI maintaining itself above 2950 levels and as we mention in our weekly report that above this level it can be more bullish and we expect further upward movement till 3000-3050 if maintain above 3000 mark.

STI Support

STI having nearest support @ 2960 and below this level it can take support @ 2940-2920 level is the major support level.

STI Resistance

STI having Resistance @ 3000 and above this level it may take resistance from 3020- 3050 levels.

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SGX Singapore Market Daily Update

Piramal Healthcare Ltd (PIRA.NS) said on Saturday it will buy a 5.5 percent stake in Vodafone's (VOD.L) India unit for 30 billion rupees, taking its total stake in the mobile company to about 11 percent. Last year, Piramal bought a 5.5 percent stake in Essar, Vodafone's joint venture partner in the country.

A-REIT: Enhances Its Debt Maturity Profile With The Issuance Of S$200 Million 10-Year Medium Term Note. Ascendas Real Estate Investment Trust is pleased to announce that HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of A-REIT, has issued S$200 million 4.00% Notes due 2022. The Notes were issued under the S$1,000,000,000 Multicurrency Medium Term Note Programme established by the Issuer on 20 March 2009. Australia and New Zealand Banking Group Limited and United Overseas Bank Limited were the joint lead managers for the Issue.

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Singapore Daily Stock Market News

Singapore Stock Market Review

Singapore equities opened higher on Wednesday after a long weekend, with the key Straits Times Index up 19.32 points or 0.68 per cent to 2,868.70.

Straits Time Index open above its 2860 level @ 2864.93 and then just made a low of 2860 and took support @ that level and then trades higher side and made a high of 2891.64 and finally closed @ 2891.64 with gain of 42.26 points up by 1.48%. Some 1.30 billion shares worth S$1.48 billion changed hands. Gainers outdid losers

265 to 126.

 

Singapore on Wednesday reported annual inflation of 5.5 % for December, slightly down from November's 3 year high of 5.7 %, but it warned that cost pressures will stay elevated for a few more months before easing.

Stock Market For Tomorrow

After long weekend markets flourish in the morning hours and continue the upbeat full day and finally closed @ day high 2891.64.

STI maintain itself above the 2860 mark all day and closed well above the major level @ 2860, STI made a high of 2891 very near to its 200 day MA level of 2893.61 so for the coming day if STI will maintain itself above 2895 levels then it will surely cross its previous high of 2910 where the STI facing resistance various time.

As we mention in our previous reports that STI forming a technical pattern and its reacting in the same way and now we expecting that it will touch the 2910 levels if sustains above 2895 level in the coming days.

STI Support Tomorrow

STI having nearest support @ 2860 and below this level it can take support @ 2840-2820 level is the major support level.

STI Resistance Tomorrow

STI having Resistance @ 2895 and above this level it may take resistance from 2910-2930 levels.

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Singapore Stock Market Live Updates

Shares of Broadway Industrial Group Ltd, surged as much as 11 percent as traders cited consolidation talk in the sector after recent declines. By 0207 GMT, shares in the precision moulding manufacturer were up 9.6 percent at S$0.285 with 13.1 million shares traded, nearly 11 times its average daily volume traded over the last five sessions. Last week, Apple Inc, a company notorious for keeping its supply chain a secret, released a list of its major suppliers. Broadway was included in the list.

Economists stated the bounce-backs in shipments of drugs are typically not an indication of a sustained change in growth. Going forward, economists opine that a slowdown in growth in Asia as well as the debt woes in Europe and the weakness in the US economy may all put downward pressures on NODX.

STX OSV: Majority Shareholder, STX Europe AS Exploring Potential Sale.
STX OSV Holdings Limited has been informed that its majority shareholder, STX Europe AS, is exploring a potential sale of its shares in the Company and has retained JPMorgan Chase Bank, N.A., Hong Kong Branch and Standard Chartered Securities Korea Limited in connection therewith.

China trade growth seen modest in difficult Q1
China's export and import growth will show stable and modest growth in the first quarter of 2012 despite difficult trade conditions, the Ministry of Commerce said on Wednesday.

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