Singapore Stock Market Updates With STI Analysis

Market Review for STI:
Share prices opened higher with STI 5.98 points up to 3282.78. Asian stocks rose today, with the Nikkei Average hitting a three-month high, as investors were reassured by the Federal Reserve’s commitment to low rates. The minor trend observed is downtrend for the day .The close is marked at 3269.020 and the high and low for the day is 3282.970 and 3268.320 respectively.

 

STI Day Performance
Open	3282.780
High	3282.970
Low	3268.320
Close	3269.020
Change(Points)	-7.780
% Change	-0.24%
Volume	2035.9M
Rise	208
Fall	190
Unch	694

Market forecast for STI:
The STI now is expected to follow its trend and break the level of 3260 and if the market conditions remain unchanged then may also break the level of 3220.
Technical indicators:
RSI is below the centre line at 46.748 and CCI is marked at -111.40.The current prices lie below 20 days EMA.

STI LEVELS
Support 1	3259
Support 2	3249
Support 3	3234
Resistance 1	3292
Resistance 2	3302
Resistance 3	3317

Important Factor for today:-

• Vard holdings outperformed the stock market, fixing its 12 month target price for the shipping company at S$1.21 a share, CLSA reported.
• Strong growth outlook over the coming five years, strong fiscal and debt metrics supported Singapore's AAA rating.
• Tiger air after making losses announced to cease operating from July 1, 2014.
• Singapore's ministry of law has formed an advisory committee on money-lending to review its regulatory regime look into a cap on interest rates for money-lending loans, restrictions on the charging of fees by money-lenders; and a cap on the total amount of such loans taken out by each borrower.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Noble	1.4	1.82	ComfortDelGro	2.44	-1.61
JMH 400 USD	61.03	1.29	HPH Trust USD	0.72	-1.37
Ascendas Reit	2.3	0.88	HongkongLand USD	6.67	-1.04
CapitaLand	3.23	0.62	SingTel	3.82	-1.04
SIA	10.44	0.58	JSH 500 USD	36.42	-0.9

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

Top 3 Commodity's Technical Analysis

GOLD

The impact of the positive jobs data released last week can be seen on gold. There are expectations that the gold prices will decline in coming days. The prices was flat yesterday and ended 0.05% day declining margin and closed at $1251.6/oz. The inflation can move higher indicating that the monetary policy winding will be done soon which will result in correction of gold prices.
Forecast
Gold continue to trade in a range .The trading range can be between 1246-1270 as the recent trend in bullion prices are lower .
SILVER

Base metals largely underperformed the last week, still silver managed to perform well .It is still expected to continue the weaker trend and the gold to silver ratio is observed at 66 mark and might trade in a range and may start moving higher gradually .Silver traded marginally higher yesterday and 0.3% increase has been observed diverging from weakness in gold prices. The dollar index rose by 0.3%yesterday, strength in base metals complex led to gains in silver prices.
Forecast
The silver can trade marginally higher and the range bound movement can be observed.
CRUDE

The oil prices increased by 1$ on Monday because of the strong Chinese data and US data which indicates that the growth in economy is healthy and demand is also high .The positive data boosted an oil market already in loss of crude exports from Libya, where violence and civil turmoil have cut oil output by more than 1 million barrels a day .The china’s export have come more than the forecast it is due to the firmer global demand which is rising 7% from a year earlier and increased 9% by April .
Forecast
The up movement in prices can be observed in the coming session .It is also expected to range of 103-105.30 .
TODAY’S DAY RANGE

COMMODITY	S1	S2	R1	R2
GOLD	1248	1240	1260	1265
SILVER	18.80	18.70	19.10	19.30
CRUDE	104	103.30	105.20	105.80

 DAY’S HIGHLIGHT

• Euro Zone Sentix Investor Confidence declined to 8.5-mark in June.
• US API crude oil inventories expected to fall by 1.5 mn bbl. – Reuters.
• China’s Consumer Price Index (CPI) increased by 2.5 percent in May.
• Japan’s Tertiary Industry Activity declined by 5.4 percent in April.
• Probe into Qingdau port pushed the red metal lower.
• UK’s BRC Retail Sales Monitor grew by 0.5 percent in last month.

Data Update for 10th JUNE 2014

Time	Currency	Impact		Actual	Forecast	Previous
1:45am	CHF		Unemployment Rate	3.20%	3.20%	3.20%
1:59am	JPY		Prelim Machine Tool Orders y/y	24.10%		48.70%
2:45am	EUR		French Industrial Production m/m	0.30%	0.30%	-0.40%
3:15am	CHF		Retail Sales y/y		2.20%	3.00%
4:00am	EUR		Italian Industrial Production m/m		0.40%	-0.50%
4:30am	GBP	HIGH	Manufacturing Production m/m		0.40%	0.50%
	GBP		Industrial Production m/m		0.40%	-0.10%
Tentative	GBP		10-y Bond Auction			2.82|1.7
7:30am	USD		NFIB Small Business Index		96.1	95.2
10:00am	GBP		NIESR GDP Estimate			1.00%
	USD		JOLTS Job Openings		4.04M	4.01M
	USD		Wholesale Inventories m/m		0.60%	1.10%
7:50pm	JPY		BSI Manufacturing Index		14.1	12.5
	JPY		CGPI y/y		4.10%	4.10%
8:30pm	AUD	HIGH	Westpac Consumer Sentiment			-6.80%
11th-14th	NZD		REINZ HPI m/m			0.10%

Top 3 Commodity Technical Analysis Outlook

GOLD

Gold trading flat today. From the last six months the gold is trading on low continuously and is around 1250 .ECB also lowered the deposit rate to -0.1% i.e., it will effectively charge banks for holding their money overnight. The refinancing rate cuts down to 0.15% and the marginal lending rate cuts down to 0.40%.

Forecast

We expect prices to trade lower for the day as U.S. jobs data matched expectations, while a rally in stocks curbed the metal's appeal as an investment hedge.

SILVER

The prices of silver is trading on low from the last week, it raised up by 1.5%.The silver follows the gold and may also trade at the lower levels .In silver the prices may boost when the gold prices will lead to the bargain buying which will act as a positive factor .No major economic indicators to be released from US tonight.

Forecast

The silver follows the gold and may also trade at the sideway levels .The prices are expected to trade flat in line with the international markets.

CRUDE

The NYMEX was almost flat @$102.65 per barrel .The crude oil held above $102 a barrel on Friday, the fall in prices are marked the last week due to the strength in the dollar index and the rising OPEC production .Prices also traded lower because of ample supply in the US and ease of tensions in Ukraine. Crude inventories fell by 3.4 million barrels while stocks at crushing also slid 300,000 barrels to 21.4 million barrels.

Forecast

The demand for crude oil may see a gradual increase and also support the optimism in the commodity .The crude may give small profits today.

TODAY’S DAY RANGE

COMMODITY	S1	S2	R1	R2
GOLD	1244	1239	1259	1263
SILVER	18.80	18.60	19.10	19.30
CRUDE	6590	6540	6680	6730

DAY’S HIGHLIGHT

• China’s Trade Balance jumped to 35.9 billion Yuan in May.
• US Unemployment Rate unchanged at 6.3 percent in the last month.
• Utilities added a larger-than-expected 119 bcf NG, largest since 2009.
• German Trade Balance was at a surplus of 17.7 billion Euros in April.
• UK’s Trade Balance was at a deficit of 9.6 billion Pounds in April.

SGX & KLCI STOCK MARKET TECHNICAL REVIEW

Market Review for STI:
The market opened lower @3278.08 and the high was marked @3282.86, the high was observed @3282.86 and the low of the day was at 3272.23.

STI Day Performance
Open	3278.08
High	3282.86
Low	3272.23
Close	3279.64
Change(Points)	-0.53
% Change	-0.02
Volume	2007.8M
Rise	235
Fall	161
Unch	385

Market forecast for STI:
STI formed a green candle for the day and the index closed lower than the previous day close .The index is in uptrend but still the minor movements may be in downtrend. It is expected to move in a downtrend 3260-3280.
Technical indicators:
RSI is above the centre line @55.37, where CCI @31.29
Important Factor for today:-

• CAPITALAND hold more than 90% of the issued shares of CapitaMalls Asia .CMA shares will not be traded anymore on stock exchange .The application has been submitted by CapitaLand for the delisting of CMA.
• SGX seeks a proposal to ease a secondary listing for the companies to make it easier. It will no longer impose additional continuing listing obligations.
• There has been no material development in STATS ChipPAC since May 16, its announcement date. The interest is shown by the other parties to acquire all the shares in the company.

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Olam Intl	2.33	1.75	CapitaMall Trust	1.99	-2.45
ComfortDelGro	2.42	0.83	HongkongLand USD	6.83	-2.43
SIA Engineering	5.01	0.81	JMH 400 USD	59.88	-2.41
HPH Trust USD	0.74	0.68	JSH 500 USD	35.6	-1.77
OCBC Bank	9.75	0.52	Golden Agri-Res	0.56	-1.75

Market Review for KLCI:
The share prices opened higher, index up 3.96 points and opened @1869.98. Yesterday the shares ended lower, index slipped 7.35 points. Today’s close price is 1869 and the low is marked @1863.11.

KLCI Day Performance
Open	1869.98
High	1870.6
Low	1863.11
Close	1869
Change(Points)	+3.800
% Change	+0.20
Volume	1494.2M
Rise	380
Fall	361
Unch	875

Market forecast for KLCI:
The KLCI is performing average and is moving in a price range of 1860-1880 .It is expected that it will be in a same range.
Technical indicators:
RSI is just below the centre line@50.75 where the CCI is performing at -53.96.

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
MISC	6.1	1.5	GENTING	9.83	-1.7
ASTRO	3.46	0.29	IOICORP	5.11	-1.54
PETGAS	24.06	0.25	YTL	1.61	-1.23
KLK	24.24	0.17	TENAGA	11.98	-1.16
RHBCAP	8.38	-0.12	IOIPG	2.5	-0.79