STI Market Summary - EOD Report 06-Sept

STI daily market summary for 06-Sep-2012. 
The STI Index closed at 2989.26, down by -6.64 points. 

Top Actives Name Volume Last Change $ Goldtron 157401000 0.0030 0.0 THBEV 67943000 0.35 +0.01 HSI19400MBeCW121030 50492000 0.123 +0.0090 Genting SP 47505000 1.33 -0.015 Noble Grp 38302000 1.195 +0.025 Sakari 31284000 1.875 0.0 HPH Trust US$ 27441000 0.69 0.0 HSI19800MBeCW120927 26472000 0.036 +0.0040 GSH Corp 26278000 0.102 +0.0010 $ CCFH 25500000 0.092 +0.0020

Top Gainers

Name Last Change GLD 10US$ 165.62 +1.52 DBXT MSKorea 10US$ 53.89 +0.37 OCC 3.93% NCPS 10 99.34 +0.34 s NZ07100S 270301 10 120.0 +0.313 Hyflux 6% CPS 10 107.0 +0.3 DBS Bk 4.7% NCPS 100 107.28 +0.2 IS LC BND 100S$D 12.86 +0.17 DBXT MSTHAI 10US$ 18.5 +0.16 DBS.ES.1209 14.31 +0.15 SembMar RBeCW121217 0.147 +0.147

Top Losers

Name Last Change u CTRP ADR 10US$+ 16.6 -0.62 DBXT Nifty 10US$ 95.07 -0.55 Shang Asia 2kHK$ 14.0 -0.4 u ZNH ADR 10US$ 20.97 -0.39 DBXT S&PShort10US$ 35.92 -0.34 JMH 400US$ 54.29 -0.31 DBXT Vietnam 10US$ 21.08 -0.31 JSH 500US$ 33.19 -0.25 DBXT MSMSIA 10US$ 13.3 -0.24 CITYDEV.ES.1209 11.1 -0.19

 

STI Singapore Market Forecast For 06-Sept

MARKET FORECAST

As in the last week STI breached its 3040 support level and fails to touch this level this week and today crossed its psychological base of 3000 mark.

Now from todays move market likely to remain downside to sideways for this week. As we told in our yesterdays report that below STI fall in the downward channel and as it faced resistance @ upper down slopping trend line so expected that it can took support @ the down slopping support line @ 2980 levels. And today it took support that level.

The next support level comes at the 2980 levels. On the upside, 3040 remains the immediate support-turned-resistance to overcome.

SUPPORT

STI having nearest support @ 2980 level and below this level it can take support @ 2960-2940 will be the support zone for STI.

RESISTANCE

STI having Resistance @3015 and above this level it may take resistance @ 3040-3060 levels.

TECHNICAL INDICATORS

Technical indicators are looking bearish on chart.

Singapore Stock Market Reviews - 05-Sept

The quiet reactions on Wall Street overnight and the poor Nikkei start (down 0.5% now) dampen Singapore equities sentiments today morning. 

Singapore share opens below its support level @ 3003.51 and dive towards 2980 levels and made a low of 2986.24 and recovers some points but closed below 3k mark @ 2995.90 with loss of 15.65 points down by 0.52%. In the broader market, 1.29 billion shares changed hands. Losers outnumbered gainers 277 to 116. 

Singapore share prices ended 0.52% lower on Wednesday amid disappointing US manufacturing data overnight. The second monthly contraction in Singapore's own manufacturing PMI, released Tuesday, also weighed on local shares.

STI Market Forecast - Supports and Resistance

It’s a second continuous fall in the week; STI fell for the 2day of the week but took support @ its 50 day MA level of 3010.89.

STI fails to cross its 3030 level 2nd day and made high just near to this level @ 3029.23 and returns to downwards. STI fall in the downward channel and as it faced resistance @ upper down slopping trend line so expected that it can took support @ the down slopping support line @ 2980 levels.

STI having a support below 50 day MA @ 3006.77 and if it will crossed this level than we can see some more correction in the Index, and for the either side it have to crossed its 3040 mark. Technical indicators are looking bearish on chart.

Support: STI having nearest support @ 3006 level and below this level it can take support @ 2995-2975 will be the support zone for STI.

Resistance: STI having Resistance @3040 and above this level it may take resistance @ 3060-3085 levels.

SGX Stock Market Live Updates and Tips

Today Stock Market Review

 - Singapore stocks hit their highest in almost a year on today, Singapore shares inverted its earlier losses by midday to extend gains for the 3rd straight session, led by Chinese developer Hong Kong Land Holdings Ltd.

 - Singapore share opens with gap down@ 3026.54, and made day low of 3016.63 and took support @ this level near to

support level of 3015, and traded higher side and made day high of 3054.90 and finally STI closed above this 3050 levels @ 3051.08 with gain of 14.68 points up by 0.48%.

 - In the broader market, volume traded was light, suggesting that most investors were sidelined. A total of 1.19 billion shares changed hands, compared with 1.54 billion on Tuesday. Gainers outnumbered losers 200 to 142.

STI Stock Market Tomorrow

-  STI crossed its multiple and strong resistance level of 3040 today and closed well above this level which is positive sign for Singapore equities.

 - STI breached its 3040 resistance level and made a high of 3054.90 near to next resistance level of 3060, now from this

level we suppose that STI can move towards 3100 level and touch this level very soon.

 - On the Daily chart STI closed above the resistance line and also as previously mentioned that in daily chart there is moving average crossover where 50 day MA level crossed 200 day MA level from below which is bullish sign.

Support for Tomorrow

STI having nearest support @ 3015 level and below this level it can take support @ 2995-2965 will be the support zone

for STI.

Resistance for Tomorrow

STI having Resistance @3060 and above this level it may take resistance @ 3080-3100 levels.

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