Stock Market Daily Updates

STI News for July 11, '12:-

Support 1: 2950
Support 2: 2935
Support 3: 2915

Resistance 1: 2975
Resistance 2: 2995
Resistance 3: 3010

STI REVIEW:-

£ STI after last more than a week rise it was straight 8 days gaining more than 170 points fell yesterday and took support near to 2930 levels. But today with the other Asian markets STI opens in positive node.

£ Singapore equities opens with Higher @ 2943.22 levels and than it comes down and made day low of 2937.60 and then again trades higher and made day high of 2966.22 and then finally closed @ 2964.62 with gain of 35.54 points up by 1.21%.

£ The gains of the previous 8 sessions came in low volume and so it was that yesterday's selling also occurred in thin trading. Volume was 1.67 billion shares worth S$1.07 billion. Gainers outnumbered losers 240 to 137.

STI FORECAST:-

£ STI opens well above yesterdays closing and closed on higher side near to day high and good resistance level.

£ As we previously mention in our report that technically STI looks bullish above 2910 levels and if maintain these 2945
level than this time we expect to breached its 3035 level soon.

£ STI formed a candlestick pattern a big white candle occurred. This is bullish pattern as it opens and made low and traded higher side and closed near days high, so this candle doesn’t have lower shadow but having upper shadow and it’s a bullish pattern.

STI SUPPORT:-

£ STI having nearest support @ 2950 level and below this level it can take support @ 2935-2915 will be the support zone for STI.

STI RESISTANCE:-

£ STI having Resistance @2975 and above this level it may take resistance @ 2995-3010 levels.

STI INDICATOR:-

£ Technical indicators are looking bearish on chart.

Morning Updates Of July 10- Stay Tuned!

• ALL GREEN PROPERTIES LTD.:

               R1- 2.135
                R2- 2.157
                S1- 2.113
                S2- 2.097

• COSCO CORPORATION (SINGAPORE) LTD.:-

                R1- 14.010
                R2- 14.170
                S1- 13.870
                S2- 13.790

• CAPITALAND LTD:-

                 R1- 1.568
                 R2- 1.582
                 S1- 1.548
                 S2- 1.542

• SINGAPORE AIRLINES LTD:-

                 R1- 3.980
                 R2- 4.000
                 S1- 3.950
                 S2- 3.940

• SINGAPORE EXCHANGE LTD:-

                 R1- 4.947
                 R2- 5.053
                 S1- 4.887
                 S2- 4.833

• SUNTEC REAL ESTATE INV TRUST:-

                 R1- 5.040
                 R2- 5.100
                 S1- 4.950
                 S2- 4.920

• SINGAPORE TECHNOLOGIES ENGINEERING LTD:-

                 R1- 1.048
                 R2- 1.052
                 S1- 1.043
                 S2- 1.040

• THAI BEVERAGE PCL:-

                 R1- 1.347
                 R2- 1.353
                 S1- 1.337
                 S2- 1.333

• WING TAI HOLDINGS LTD.

                 R1- 1.347
                 R2- 1.353
                 S1- 1.347
                 S2- 1.343

SGX Market Updates For Tomorrow!!

STI News for July 10, '12:-

Support 1: 2915
Support 2: 2900
Support 3: 2885


Resistance 1: 2950
Resistance 2: 2975
Resistance 3: 2995

MARKET REVIEW OF JULY 09, '12:-

* Asian markets fell on Monday after declines in the US and Europe on disappointing American jobs data that raised fresh concerns about the world's biggest economy.

* Singapore equities opens with lower node for the starting trading week @ 2957.54 and then it continuously traded lower and breached its support level and closed @ day low of 2929.08 with loss of 49.47 down by 1.66%. In line with regional bourses, on weak US jobs data.

* Data out on Friday showed that the US economy added only 80,000 jobs in June, well below expectations, leaving the unemployment rate at 8.2 %.The Straits Times Index fell 49.47 points to close at 2,929.08. Volume was 1.49 billion shares. Losers led gainers 282 to 105.

SGX MARKET UPDATES FOR JULY 10, '12:-

* STI opens @2957.54 levels and then it made day High of 2961.05, but facing resistance and some profit booking on higher levels and breached its support level of 2935 and closed @ 2929.08.

* As we previously mention in our report that technically STI looks bullish above 2910 levels and if maintain these 2945 level than this time we expect to breached its 3035 level soon.

* STI formed a candlestick pattern a big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are
confronting an overhead resistance, the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

SUPPORT:-

* STI having nearest support @ 2915 level and below this level it can take support @ 2900-2885 will be the support zone for STI.

RESISTANCE:-

* STI having Resistance @2950 and above this level it may take resistance @ 2975-2995 levels.

TECHNICAL INDICATOR:-

* Technical indicators are looking bearish on chart.

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S'pore GDP likely slowed in Q2:

Singapore GDP likely slowed in second quarter of 2012 and possibly contraction amid lacklustre performance by manufacturers and weakness in the financial sector.!

Japan: Stocks close 1.37% lower:

Tokyo stocks lost 1.37 per cent by the close on Monday, after Wall Street tumbled on weak US jobs data and the IMF warned over the state of the global economy while a strong yen also weighed. The Nikkei 225 index at the Tokyo Stock Exchange gave up 123.87 points to 8,896.88 while the broader Topix index of all first-section issues was down 1.02 per cent, or 7.90 points, to 763.93.

M'sia: Shares flat at midday:

Malaysian shares prices were flat at the midday break on Monday with the FTSE-Bursa Malaysia Kuala Lumpur Composite Index down 0.71 of a point at 1,619.84.

CapitaLand to buy property from Ascott Residence for S$359 mln:-

Southeast Asia's largest developer CapitaLand Ltd said on Monday it will buy a property in Singapore for S$359 million (US$282 million) from associate Ascott Residence Trust. CapitaLand will also sell Ascott Raffles Place Singapore and Ascott Guangzhou to Ascott Residence for S$283.3 million.

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Morning News- SGX Picks and Signals on Mobile:-

Expected Trading Strategies in SGX on July 9, 2012:-

• ASCENDAS REAL ESTATE INVESTMENT TRUST:
                R1- 2.147
                R2- 2.163
                S1- 2.137
                S2- 2.123
• CAPITACOMMERCIAL TRUST:-
                R1- 1.295
                R2- 1.308
                S1- 1.287
                S2- 1.278
• CAPITALAND LTD:-
                 R1- 2.947
                 R2- 3.053
                 S1- 2.917
                 S2- 2.853
• SINGAPORE AIRLINES LTD:-
                 R1- 10.583
                 R2- 10.667
                 S1- 10.533
                 S2- 10.467
• SINGAPORE EXCHANGE LTD:-
                 R1- 6.487
                 R2- 6.523
                 S1- 6.457
                 S2- 6.423
• SINGAPORE POST LTD:-
                 R1- 1.049
                 R2- 1.055
                 S1- 1.040
                 S2- 1.035
• SINGAPORE TECHNOLOGIES ENGINEERING LTD:-
                 R1- 3.200
                 R2- 3.220
                 S1- 3.180
                 S2- 3.160
• KEPPEL LAND LTD:-
                 R1- 3.553
                 R2- 3.453
                 S1- 3.307
                 S2- 3.253