STI & KLCI Daily Technical Outlook for 03-July

Market Review for STI:
STI opened up by 1.51 points to 3265.420. SGX’s latest market statistics showed that total value of securities traded fell 12 per cent to S$20.5 billion in June from a month earlier. The decline is at a steeper 37 per cent compared to the same period last year. Securities market turnover for SGX Chinese-listed companies was also up 18 per cent year-on-year to S$1.5 billion in June, an increase of 35 per cent from the previous month.

STI Day Performance
Open	3265.420
High	3280.880
Low	3265.420
Close	3273.150
Change(Points)	+9.240
% Change	+0.28
Volume	2134.1M
Rise	237
Fall	161
Unch	697

Market forecast for STI:
Minor downtrend trend seems to reverse and may go up though the market statistics are not favourable but will not impact much in short duration.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3262	3250	3235	3282	3295	3310

Technical indicators:
RSI is at centre line @51.583 & CCI is at -13.528 .The 20 &50 days EMA is at 3269.501 & 3256.471.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
UOB	23.08	1.85	SIA	10.4	-0.86
ThaiBev	0.63	1.61	Genting Sing	1.33	-0.75
Olam Intl	2.52	1.21	JSH 500 USD	36.56	-0.65
Golden Agri-Res	0.555	0.91	Sembcorp Ind	5.37	-0.56
DBS	17.02	0.77	ComfortDelGro	2.49	-0.4

Important Factor for today:-

• Singapore exchange reported that volume of securities traded on the bourse has slipped in June while trading in derivatives and commodities continued to increase with enough volume for SGX rubber futures and iron ore offerings.
• Purchasing Manager Index (PMI) recorded 50.5 points, slipped from 50.8 in May and the six month high of 51.1 in April.
• Monetary Authority of Singapore will stop issuing S$10,000 (US$8,000) notes to resolve the risk associated with large value cash transactions and high-value notes.

Market Review for KLCI:
Malaysian share prices opened slightly lower with KLCI down to 1.38 points to 1885.46. KLCI ended 1.85 points higher 1888.690 on bargain hunting activities. As per the economists the Malaysian economy can grow by 5.25% in H2 2014 and may put trajectory on financial instruments on stronger GDP data.

KLCI Day Performance
Open	1885.46
High	1891.1
Low	1884.77
Close	1888.69
Change(Points)	1.850
% Change	0.10%
Volume	1791.5M
Rise	440
Fall	377
Unch	820

Market forecast for KLCI:
Share prices movement took privilege from buyer’s sentiments over sellers in green market. Today, it opened and ended higher on breaking previous week’s shorter down trend. It is anticipated that price could on higher level further.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1875	1865	1850	1900	1910	1925

Technical indicators:
RSI stood below the centre line at 58.524 with its CCI at 102.784. Difference line of MACD performed at 4.246 above its signal line which performed at 4.126.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
UMW	11.28	2.36	PPB	14.98	-1.45
ASTRO	3.47	1.76	BAT	66.66	-0.69
MISC	6.59	1.39	CIMB	7.3	-0.68
IHH	4.43	0.91	FGV	4.19	-0.47
PBBANK	19.9	0.71	TM	6.3	-0.47

Economic Factors:

• Ringgit opened lower against the U.S. dollar on lack of buying interest by quoting at 3.2065/2095.
• The Malaysian economy will grow by 5.25 in H2 2014.

Malaysia Stock Market Technical Review

Market Review for KLCI:  

Malaysian Share prices opened on a mixed note with KLCI down to 0.11 points to 1879.01. Market boosted buying sentiments in green market. If market opens above 1886.84 tomorrow, it may trade in between.

KLCI Day Performance
Open	1879.01
High	1886.84
Low	1877.84
Close	1886.84
Change(Points)	7.720
% Change	0.41%
Volume	1878.7M
Rise	470
Fall	336
Unch	831

Market forecast for KLCI:
KLCI found minor support near 1879.12 levels; buyers dominated sellers and formed a green candle for the day. It is still below the resistance of 1892.33, if it is broken by the higher prices, expected to go up.

KLCI LEVELS
Support 1	1867
Support 2	1857
Support 3	1842
Resistance 1	1896
Resistance 2	1906
Resistance 3	1921

Technical indicators:
RSI stood below the centre line at 57.252 with its CCI at 65.832. Difference line of MACD performed at 4.143 overlapped its signal line which performed at 4.209.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
PPB	15.2	2.01	PETDAG	23.82	-0.67
TENAGA	12.38	1.48	HLBANK	13.86	-0.29
SKPETRO	4.4	1.38	GENTING	9.93	-0.2
IOICORP	5.23	1.36	KLCC	6.52	-0.15
FGV	4.21	1.2	MAYBANK	9.84	0.1

SGX Stock Market Technical Review

Market Review for STI:
STI up by 11 points and opened at 3254.490.Asian stocks rose, with the regional index extending gains from a six-year high, after reports showing manufacturing expansion in the world’s two biggest economies sent U.S. equity gauges to records. Close for the day was observed at 3263.910 and the high and low at 3264.180 & 3250.530.Market today was at a good pace, many of the Asian counters are on higher levels.

STI Day Performance
Open	3254.490
High	3264.180
Low	3250.530
Close	3263.910
Change(Points)	+21.270
% Change	+0.66
Volume	1913.0M
Rise	248
Fall	146
Unch	731

Market forecast for STI:
After the downfall from the level of 3300 to 3250, market reversed its trend and stated moving up. This level of rise would indicate a bullish trend in the market. We may expect buying in it.

STI LEVELS
Support 1	3260
Support 2	3255
Support 3	3250
Resistance 1	3269
Resistance 2	3272
Resistance 3	3280

Technical indicators:
RSI is near to centre line and is at 48.058; CCI is at -83.285.The 20days EMA &50 days EMA is at 3269.117&3255.790.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Jardine C&C	44.47	2.21	Olam Intl	2.49	-1.19
Noble	1.39	2.21	CapitaMall Trust	1.95	-0.51
Ascendas Reit	2.32	1.75	ST Engineering	3.81	0.26
ComfortDelGro	2.5	1.63	Keppel Corp	10.74	0.28
JSH 500 USD	36.8	1.29	OCBC Bank	9.48	0.32

Important Factor for today:-

• BBR Holdings has secured a $196 million contract to construct a new hall of residence at Nan yang Technological University (NTU).
• Asian stocks rose, with the regional index extending gains from a six-year high, after reports showing manufacturing expansion in the world’s two biggest economies sent U.S. equity gauges to records.
• Singapore’s Frasers Centre point (FCL), a company backed by Thai billionaire Charoen Sirivadhanabhakdi, has reached a deal to buy Australia’s Austral and Property Group for about A$2.6 billion ($3.07 billion).

Malaysian Stock Market Updates for 1 July

Market Review for KLCI:
Maintaining uptrend in longer term, Malaysian share prices opened lower with minor cents gap down, KLCI 3.470 points down to 1879.24. Index moved within a range of 3.69 points.

KLCI Day Performance
Open	1879.24
High	1880.29
Low	1876.60
Close	1879.12
Change(Points)	-3.590
% Change	-0.19%
Volume	1692.3M
Rise	369
Fall	415
Unch	1432

Market forecast for KLCI:
Market formed a Doji candlestick pattern formed for the day in red market. Doji convey a sense of indecision between buyers and sellers. A minor support is found near 1879.12 levels which may break off or reverse back on the next price movements.

KLCI LEVELS
Support 1	1866
Support 2	1856
Support 3	1840
Resistance 1	1890
Resistance 2	1900
Resistance 3	1915

Technical indicators:
RSI stood below the centre line at 51.340 with its CCI at 18.560. Difference line of MACD performed at 3.958 overlapped its signal line which performed at 4.105.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
BAT	66.66	1.71	ASTRO	3.38	-2.87
HLBANK	13.9	0.72	IOICORP	5.16	-1.71
PBBANK	19.72	0.71	GENM	4.13	-1.67
UMW	10.96	0.37	PPB	14.9	-1.59
AMBANK	7.14	0.28	AXIATA	6.9	-1

Economic Factors:

• Local currency “Ringgit” opened higher against US dollar as investors turned cautious towards the greenback ahead of the US June non-farm payrolls report expected to be released on Thursday.
• The record RM3.25 billion of ringgit denominated sukuk issued by Malaysian Islamic banks in the first half of 2014 is driven by rapid asset growth.

Singapore SGX Daily Technical Analysis Report 1 July

Market Review for STI:
STI opens 8 points down at 3255.650. It made a high of 3256.370 and low of 3234.060. The closing is observed at 3242.640. Index is below 50 days EMA. Some 1.84 billion shares valued at S$765.7 million changed hands. Asian markets were mostly higher after data showed Chinese manufacturing activity picking up last month, while Tokyo was boosted by a weakening yen despite a dip in business confidence.

STI Day Performance
Open	3255.650
High	3256.370
Low	3234.060
Close	3242.640
Change(Points)	-13.030
% Change	-0.40
Volume	1822.6M
Rise	171
Fall	205
Unch	749

Market forecast for STI:
The red candle is formed as market opens lower and also closed at lower levels. This bearishness in market is expected to continue till some favourable data is expected.
Technical indicators:
RSI is below the centre line and is at 38.486. CCI is at -171.73. The 20 days EMA is at price level of 3269.665 and 50 days EMA at 3255.458.

STI LEVELS
Support 1	3252
Support 2	3250
Support 3	3248
Resistance 1	3244
Resistance 2	3248
Resistance 3	3250

Important Factor for today:-

• THE Personal Data Protection Act (PDPA) comes into full effect in Singapore on July 2, after an 18-month transition period for firms and organisations to get up to speed on the new rules. These rules govern how companies collect, use and protect personal data.
• TEMASEK Holdings has committed to contribute $60 million to Temasek Cares’ endowments, increasing their total endowment from $229 million to $289 million.
• PRIVATE home prices fell 1.1 per cent in the second quarter of this year over the previous quarter, shows Urban Redevelopment Authority’s flash estimates released on Tuesday. This marks the third consecutive quarter-on-quarter drop in URA’s widely-watched private home price index.
• European stock markets advanced on Tuesday, with French bank BNP Paribas higher after agreeing to pay a huge fine and miners leading the way in London after well-received Chinese data.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
JSH 500 USD	36.33	1.68	Olam Intl	2.52	-2.33
JMH 400 USD	59.68	0.62	Golden Agri-Res	0.545	-1.8
DBS	16.81	0.36	Jardine C&C	43.51	-1.7
SIA Engineering	5.06	0.2	ComfortDelGro	2.46	-1.6
UOB	22.51	-0.04	CapitaLand	3.16	-1.25