Market Review for STI Singapore & Malaysian KLCI

China’s stocks rose to its biggest gain in a week as renewed economic optimism showed that new equity sales will divert from existing shares. China’s manufacturing Purchasing Manager’s Index from HSBC Holdings Plc and Markit Economics rose to 50.8. Singapore has expanded economic co-operation with Russia. Besides, Singapore’s increased inflation rate by 2.7% may boost share prices.

STI Day Performance
Open	3258.28
High	3269.17
Low	3256.17
Close	3262.03
Change(Points)	4.630
% Change	0.14%
Volume	1592.5M
Rise	231
Fall	168
Unch	693

Market forecast for STI:
After moving down over last week, Singapore Share prices opened near previous close with STI up 0.88 points to 3258.280. It formed an inverted hammer pattern for the day by making high at 3269.170. The whole day range was 12.67 points by making low at 3256.500 and closed at 3262.030. Green candlestick pattern showed that buyer’s sentiments dominated sellers. A bullish reversal is anticipated as it covered prices range under rounded top pattern for more than a month and inflation in Singapore may put further trajectory.
Technical indicators:
RSI stood below the centre line at 46.484 with its CCI at-125.18. Difference line of MACD performed at 5.189 which lied below its signal line which performed at 8.386.

STI LEVELS
Support 1	3246
Support 2	3236
Support 3	3221
Resistance 1	3279
Resistance 2	3289
Resistance 3	3304

Important Factor for today:-

• Yoma Strategic Holdings has received an acquisition offer of 70% of land in Pun Hlaing Golf Estate (PHGE).
• R H Energy is under the reverse takeover by Chiway Land Group to get listing on SGX.
• Olam International reported a partnership with Mitsubishi Corporation of Japan (MC) to grow its Australian grains business for the investment of US$80 million to take an 80% equity stake in Olam’s wholly-owned subsidiary, Olam Grains Australia (OGA).
• Nam Cheong sold two accommodation work barges worth US$84 million to repeat customer Perdana Petroleum BHD.
• Singapore’s inflation rose to 2.7% in May.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
ComfortDelGro	2.5	2.88	HongkongLand USD	6.58	-1.05
SIA Engineering	5.09	1.6	Ascendas Reit	2.27	-0.87
CityDev	10.35	1.07	HPH Trust USD	0.715	-0.69
Golden Agri-Res	0.565	0.89	Olam Intl	2.44	-0.41
SingTel	3.83	0.79	Global Logistic	2.66	-0.38

Malaysian Share prices opened slightly higher with KLCI up 0.34 points to 1884.300 by strengthening Ringgit against US dollar on sustained demand in local market. KLCI made low of 1882.330 and a high same as its close at 1892.330. Market moved between the ranges of almost 10.19 points.

KLCI Day Performance
Open	1884.30
High	1892.33
Low	1882.14
Close	1892.33
Change(Points)	8.370
% Change	0.44%
Volume	2007.7m
Rise	451
Fall	396
Unch	1362

Market forecast for KLCI:
Share prices movement formed a rounded bottom pattern for the last week and today’s candlestick formed a large green candle showing buyers sentiments were aggressive over sellers.

KLCI LEVELS
Support 1	1872
Support 2	1862
Support 3	1847
Resistance 1	1902
Resistance 2	1912
Resistance 3	1927

Technical indicators:
RSI stood below the centre line at 64.504 with its CCI at 203.504. Difference line of MACD performed at 4.759 which lied above its signal line which performed at 3.193.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
YTL	1.6	3.23	GENM	4.23	-0.24
ASTRO	3.56	2.3	SKPETRO	4.41	-0.23
TENAGA	12.06	1.86	GENTING	10.06	-0.2
PETGAS	24.7	1.65	PBBANK	20.14	-0.2
FGV	4.41	1.38	PETDAG	24.18	0.08

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