Singapore SGX : Technical Analysis Report

Market Review for STI: Singapore share prices opened stronger, with the STI up 9.94 points or 0.3 per cent to 3,342.88, ahead of an emergency meeting of European leaders and finance ministers on Greece. STI came off from its intra-day peak of 3346.48 and low of 3340.93. Volume amounted to 716.4 million shares.
Singapore shares traded sideways, against a backdrop of mixed performance from other Asian bourses. Meanwhile, mainland Chinese markets extended declines as investors wind down margin trades. Singapore shares continued to dither between gains and losses, amid a mixed performance in other Asian bourses.
Singapore will provide advance estimates of gross domestic product (GDP) for the second quarter at 8 am on July 14. Singapore Exchange welcomes Noble's decision to carry out a review of its mark-to-market models and valuations as this will address and help bring closure to questions raised by the market on this issue.

STI Day Performance
Open	3342.20
High	3346.48
Low	3327.70
Close	3340.93
Change(Points)	+7.99
% Change	+0.24%
Volume	1171.9 M
Rise	172
Fall	210
Unch	433

Market forecast for STI: STI is expected to take side ways trend. If it breaks its resistance level of 3360, it might take bearish trend.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3317	3290	3262	3361	3387	3465

Technical Indicators: RSI is below the center line at 48.959 CCI is at 53.416. Difference line of MACD performed at --13.482 below its signal line which performed at -20.333.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
CITYDEV	9.9	2.38	ASCENDAS REIT	2.44	-2.58
COMFORTDELGRO	3.02	1.17	CAPITALAND	3.53	-2.23
DBS	20.98	0.99	CAPITAMALL TRUST	2.19	-1.3
GENTING SING	0.905	0.97	CITYDEV	9.9	-1.23
GLOBAL LOGISTIC	2.51	0.92	COMFORTDELGRO	3.02	-0.8

Important Factor for today:-

• Malaysia plans to cut more subsidies and move billions of dollars in government employee housing loans off its balance sheets to bolster its fiscal position, even as a growing scandal threatens Prime Minister Najib Razak’s ability to implement potentially unpopular policies.
• China’s stocks fell early Tuesday, casting doubt on the potency of Beijing’s aggressive rescue efforts, while investors elsewhere in Asia appeared to shrug off concerns over Greece’s debt situation.
• Athens stock exchange will remain closed until Wednesday, the Greek Capital Markets Commission said, in line with the closure of the country's banks as Greece races to avert bankruptcy and remain in the euro.
• European shares steadied on Tuesday after slipping in the previous session, with investors focussed on crunch talks over the Greek debt crisis at a euro zone summit later in the day.
• Indonesia's government will not introduce new taxes or raise existing ones this year in order to achieve its revenue collection target, a finance ministry official said on Tuesday, raising prospects of a wider fiscal deficit unless spending is cut.
• European stock and bond markets steadied on Tuesday before a euro zone leaders summit to discuss the Greek debt crisis while a further fall in Chinese shares reminded investors of other dark clouds on the horizon. Oil recovered some ground after Monday's stomach-churning selloff prompted by Greeks' overwhelming rejection of the terms of a bailout deal and the Chinese stock markets turmoil.
• Japanese stocks came bouncing back Tuesday morning, shrugging off foreign selling and a negative cue from the U.S. to focus instead on stock-positive drops for oil and the yen.
• Oil futures sank to their lowest settlement in nearly three months Monday, as traders fretted the fallout from Greek turmoil as well as a potential Iranian nuclear deal, which may result in a flood of millions of barrels of oil to global supplies.

SGX Singapore - STI Technical & Fundamental Analysis with forecast signals

Market Review for STI: Singapore shares continued to trade weaker. STI slipped 0.40% to 3320.33. The Straits Times Index came off from its intraday peak of 3333.99 and low of 3,318.28. Singapore shares traded weaker, even as US non-farm payrolls for the month of May came in better than expected last Friday at 280,000, topping estimates of 226,000.

However, US unemployment rate inched up to 5.5% in May, as compared to 5.4% in April.
Open- 3326.37
High- 3333.99
Low- 3318.28
Close- 3320.33
Change(Points)- -13.34
% Change- -0.40%
Volume- 161.53M
Market forecast for STI: Straits Times Index is expected to continue its downward moment as Singapore FX Reserves released today has decreased from 251.9B in May to 250.2B in June which might have a negative impact on the market.
Technical Indicators: RSI at 23with its CCI at -152.
GLOBAL FACTORS & WORLD INDICES:

• Singapore’s public transport operator SMRT has backed out of a proposed investment in a firm bidding to become the fourth wireless telecommunications operator in the island nation, but it may only be a temporary reprieve for the incumbents, Citigroup says.
• Singapore Telecommunications (Singtel) has launched a cloud-based solution that helps enterprises in Asia Pacific, Australia, Europe and the US simplify the management of their networks.
• Crude oil prices fell on Monday as markets were expectedto be increasingly oversupplied following OPEC’s decision tokeep its production targets unchanged.
• U.S. benchmark Treasury debt yields on Friday posted theirbest weekly performance in two years after data showed theworld’s largest economy created more jobs than expected lastmonth, bolstering prospects for a Federal Reserve interest ratehike in September.
• Stocks in Japan fell Monday as expectations of a U.S. interest rate increase grew, while the Shanghai Composite Index SHCOMP, +1.91% rose to its highest in more than seven years after a volatile week.
• Hong Kong stocks managed to shed most of their opening losses Monday morning, shrugging off a drop for U.S. markets at the end of last week, with the Hang Seng Index HSI, +0.48% down 0.1%, moving off earlier lows as weak Chinese trade data for May suggested higher odds for more government stimulus. The data printed weaker than expected, showing a 17.6% tumble in imports and a 2.5% drop for exports.
• Japanese stocks came rolling higher in early Monday trade, emboldened by a sharply weaker yen and Friday’s gains for U.S. banks in the wake of an upbeat May jobs report. The Nikkei Stock Average NIK, -0.02% added 0.3%, wiping away Friday’s 0.1% slip, while the broader Topix I0000, -0.30% improved by 0.2%. Blue-chip exporters enjoyed a boost as the yen explored new 13-year lows against the dollar USDJPY, -0.05% which was buying ¥125.54 early Monday.
• The China Securities Regulatory Commission is revising the rules in a bid to achieve “orderly development” in brokerage firm’s margin-trading and short-selling businesses.
• The dollar was lower against the yen in Asia trade Monday, as investors locked in profits fromlast week’s rally that pushed the greenback to its highest level in 13 years.The dollar was at ¥125.51, compared with ¥125.64 late Friday in New York.
• FBM KLCI pared some of its loss at the midday break today while the ringgit fell to a nine-year low versus the US dollar. The ringgit dropped to a nine-year low versus the US dollar, weakening to as low as RM3.7630 against the US dollar, as the dollar strengthened on better US non-farm payrolls data.

Singaporer Stock Market Updates and Future Forecast

Market Review for STI: Shares traded in the negative territory, dragged down by declines on Wall Street overnight due to concerns of imminent US interest rate hikes on the horizon.The Dow Jones Industrial Average fell 1% to 18,041.54, the S&P 500 gave up 1% to 2,104.20 and the Nasdaq Composite shed 1.1% to 5,032.75.

STI Day Performance
Open: 3434.80
High: 3438.19
Low: 3412.52
Close: 3424.94
Change(Points): -35.4
% Change: -1.01%
Volume: 1610.5M
Rise: 159
Fall: 253
Unch: 948
Market forecast for STI: We may expect STI will touch 3400 then it will take rebound.
STRAITS TIME LEVELS
Support 1: 3400
Support 2: 3373
Support 3: 3356
Resistance 1: 3470
Resistance 2: 3521
Resistance 3: 3550
Technical Indicators: RSI is at 49 and CCI is at 2.
ECONOMIC FACTORS:

• Boustead Singapore reported a 30 per cent slide in net profit to S$17.9 million for the fourth quarter ended March 31, 2015, amid a challenging operating environment.
• Cortina Holdings posted a 28.5 per cent surge in its fiscal fourth-quarter net profit to S$6.7 million.
• EuroSports Global announced a net loss of S$4.02 million for the fiscal year ended March 31, 2015, compared to a net profit of S$17.02 million a year ago, dragged down by poorer gross margin, lower sales of new automobiles, a fall in the group's watch distribution and retail business, as well as higher expenses.
• CSC Holdings chalked up a net loss of S$9.03 million for the fourth quarter ended March 31, 2015, against a net profit of S$533,000 a year ago, due in part to impairment losses on plant and equipment. 
• Singapore's foreign maids exploited by agents, employer.
• Singapore O&G launches IPO for Catalist listing
• Keppel Corp unit buys remaining stake in Norwegian firm OWEC Tower.
• Dollar rallies to 8-year high on yen.
• Oil market dips on strong dollar.

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 STI Technical Analysis Outlook 11 May

Market Review for STI: Singapore shares are likely to head higher on the back of Wall Street's rally last Friday fuelled by a positive April US payrolls report.

 The US unemployment rate fell to 5.4%, the lowest since May 2008.China's decision on Sunday to cut interest rates - the third reduction in six months - to support the world's second-largest economy is also expected to underpin investor sentiment. The Dow Jones Industrial Average rose 1.5% to 18,191.11, the S&P 500 climbed 1.4% to 2,116.10 and the Nasdaq Composite gained 1.2% to 5,003.55.

Market forecast for STI: STI has taken rebound we may expect bullish trend in STI.
Technical Indicators: RSI is at 49 and CCI is at -74.
ECONOMIC FACTORS:

• Asian stocks rise after China rate cut, US payrolls.
• Vallianz's Q1 profit rises 5% to US$4.97m.
• Crude-oil bulls threatened as shale patch revives drilling plans.
• Dollar suffers as reflation trade transforms losers into winners.
• Asian bankers face US$43b dead deals after oil plunge.
• Nuclear power generation in Japan will cost 10.3 yen per kilowatt hour or more by 2030, the cheapest among various power sources.
• Asia-Pacific Strategic Investments has offered to acquire Century 21 Hong Kong in a deal worth $1 million.
• The US$5.3-trillion-a-day foreign-exchange market has a new buzzword: reflation. "This could bode for a weaker US dollar across the board."
• Saudi Arabia opening its US$568 billion stock exchange to foreigners.
• Nuclear power generation in Japan will cost 10.3 yen per kilowatt hour or more by 2030, the cheapest among various power sources.
• Asia-Pacific Strategic Investments has offered to acquire Century 21 Hong Kong in a deal worth $1 million.