SGX - STI Technical Report 9th Oct

Market Review for STI:
STI gave a gap up opening by18.26 points to 3,244.97, opened higher on the back of Wall Street stock. It made a high of 3264.06 and the low for the day was marked at 3239.97 .STI formed a bullish candle for the day and closed at 3259.25.

STI Day Performance
Open	3242.47
High	3264.06
Low	3239.97
Close	3259.25
Change(Points)	+32.54
% Change	+1.01%
Volume	1172.5M
Rise	205
Fall	177
Unch	752

Market forecast for STI:
If it is the correction then the confirmation of bullishness will be from the opening price of the next trading day.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3225	3215	3200	3275	3285	3300

Technical Indicators:
RSI is below center line at 42.62 and CCI is at -82.27.

Top Gainers			Top Losers
Scrip Name	CMP	%change	S crip Name	CMP	%change
CAPITALAND.SG	3.12	2.97	SPH.SG	4.18	-1.18
GENTING SING.SG	1.115	2.29	SIA ENGINEERING.SG	4.53	-0.66
HONGKONGLAND USD.SG	6.89	1.92	KEPPEL CORP.SG	10.24	-0.49
JMH USD.SG	59.01	1.9	SIA.SG	9.71	0.31
JSH USD.SG	34.75	1.85	SEMBCORP IND.SG	5.07	0.4

Important Factor for today:-

• Shares of raffles education corp. soared in early trade today after the company said it would spin off its wholly owned oriental University City holdings on Hong Kong’s growth enterprise market.
• Investors in Singapore are flocking to take cover under bonds umbrella amid gathering clouds over the global economy. Even the weakening sing $ has failed to dent their enthusiasm for the fixed income securities, in particular government bonds.
• The stock of lifestyle products group Osim international, a long-time market darling, traded sharply lower for a second day in a row on heavy volume.
• Housing and development board (hdb) resale prices could have fallen in an eighth consecutive month, going by flash estimates from the Singapore real estate exchange.

Stock Market Review for STI Singapore 8th Oct

Share prices opened lower today with the Straits Times Index down 13.20 points to 3,230.79. Asian markets slipped today following a US and European sell-off that came in response to more weak German data and the IMF's decision to cut its growth forecast for the global economy. Shares were down 17.28 points with STI finishing at 3,226.71.

STI Day Performance
Open	3227.62
High	3234.71
Low	3223.82
Close	3226.71
Change(Points)	-17.28
% Change	-0.53%
Volume	1143.05M
Rise	126
Fall	255
Unch	753

Market forecast for STI:
To ensure sustainable growth, Singapore manufacturers should actively seek out new markets globally and then we may expect the market to move bullish. Technically, if will take support at 3220 we may see a little correction in the market.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3220	3200	3170	3250	3270	3285

Technical Indicators:
RSI is at 30.93 and CCI is at -160.50. The indicators are indicating more towards the bear signal.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
SEMBCORP MARINE.SG	3.62	1.12	CITYDEV.SG	9.26	-2.11
SPH.SG	4.23	0.71	GOLDEN AGRI-RES.SG	0.5	-1.96
HONGKONGLAND USD.SG	6.76	0.6	NOBLE.SG	1.28	-1.92
SGX.SG	6.99	0.43	OLAM INTL.SG	2.3	-1.71
KEPPEL CORP.SG	10.29	-0.1	CAPITALAND.SG	3.03	-1.62

Important Factor for today:-

• Citi has picked Singaporean lee lung Nien as chief executive of its Malaysian unit Citibank Bhd to oversee the bank's franchise in the country, including its institutional clients, consumer banking, cards and wealth management businesses.
• Singapore has fallen out of a ranking of the top 20 cities for property investment.
• Singapore’s move to allow foreign judges to hear commercial cases may boost its standing against regional rival Hong Kong where concerns have mounted that its judicial independence is being undermined by china.
• The straits times’ index today drifted to a 9.25-point loss at 3,243.99. it was initially supported by a positive session for Hong Kong, but came under pressure between 4 and 5pm when Europe opened in the red across all markets.
• Massage chair maker Osim International has no idea why its share price could have tumbled so much for two days straight, it told the Singapore Exchange.

Sigapore Stock Market : Technical Analysis Outlook 7 Oct

Market Review for STI:
Share prices opened higher on Tuesday with the Straits Times Index up 2.90 points to 3,256.14. Asian markets were mostly lower today as profit-takers moved in after recent gains, while Wall Street provided a soft lead ahead of the start of the corporate reporting season. Shares fell after a return to trade following Monday's break for a public holiday, with the Straits Times Index ending the day down by 9.25 points or 0.28 per cent at 3,243.99. High of the day was marked at 3261.31 and low for the day was marked at 3237.31.

STI Day Performance
Open	3260.72
High	3261.31
Low	3237.31
Close	3243.99
Change(Points)	-9.25
% Change	-0.28%
Volume	1335.5M
Rise	139
Fall	239
Unch	755

Market forecast for STI:
The market is in correction mode but slowly it will recover the downfall .so we may expect that it will be bullish in the next trading day and may range from 3245-3275.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3235	3200	3180	3275	3285	3300

Technical Indicators:
RSI is at 34.28 and CCI is at -129.44.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
JARDINE C&C.SG	41.29	2.3	CAPITALAND.SG	3.08	-1.6
GOLDEN AGRI-RES.SG	0.51	2	SIA.SG	9.72	-1.42
GLOBAL LOGISTIC.SG	2.72	1.87	JSH USD.SG	34.48	-1.4
OLAM INTL.SG	2.34	1.74	SGX.SG	6.96	-1.28
HONGKONGLAND USD.SG	6.72	1.2	SEMBCORP IND.SG	5.09	-0.97

Important Factor for today:-

• Singapore will announce the central bank's semi-annual monetary policy decision and release advance gross domestic product (GDP) estimates for the third quarter on Oct. 14.
• Battered by fears of slower China growth along with weak commodity prices, the Australian dollar slid dramatically against the Singapore dollar in September to lows not seen in more than five years, the Business Times reported.
• Yongnam Holdings’ Malaysian unit has agreed to sell its factory at Nusajaya, Johor, to Axis Real Estate Investment Trust before leasing it back from the REIT.
• STATS ChipPAC says the company has been served a writ of summons by ERS Electronic GMBH alleging that it has infringed its patents relating to debonder machines used in wafer level package assembly process.
• The government will still keep a close watch on the inflow of foreign workers - even as no further major measures are planned to tighten the foreign worker policy.

SGX Singapore : Weekly Technical Analysis 29 Sept- 03 Oct

Weekly wrap of STI:

The losing streak has stretched to four sessions now for the Singapore stock market, which has surrendered more than 60 points or 1.9 percent in that span. The Straits Times Index finished just below the 3,230-point plateau, although the market may see some traction on Friday. The global forecast for the Asian markets is mixed to lower, with negative sentiment offset by bargain hunting after major selling earlier this week. The STI finished sharply lower on Thursday with broadly based losses - particularly among the property stocks, financial shares and plantations.

STRAIT TIMES WEEKLY WRAP
Open	3290.82
High	3293.99
Low	3222.92
Close	3253.24
Change(Points)	-38.97
% Change	-1.19

 Market Forecast for week ahead:

At the last trading day the market seemed to take a correction and moved up .It is bearish if it breaks 3225-3220 on a sustained basis and bullish if it can go above 3270 on a sustained basis.

Weekly Technical view on STI
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3220	3200	3180	3275	3285	3290

 Technical Indicators:

RSI is at 46.19 and CCI is at -130.82 .Both the indicators are supportive for the bullish trend .MACD is at 23.95.

Macroeconomic factors:

• Singapore’s Purchasing Managers' Index (PMI) reverted to expansion mode in September, rising 0.8 points to 50.5 after slumping unexpectedly to 49.7 in August.
• Investor appetite in Asia and North America fell in September this year amid a rise in investor confidence globally, State Street's Investor Confidence Index (ICI) said on Wednesday.
• Protests in China have caused a pullback in some Asian stock markets, but the executive chairman of Templeton Emerging Markets Group has identified the decline as a buying opportunity.
• Singapore’s home prices declined for a fourth consecutive quarter, the longest losing streak in five years, as tighter mortgage measures cooled demand in Asia’s second-most expensive housing market.
• Resale prices of public housing fell 1.6 per cent in the third quarter, compared to Q2, according to flash estimates released by the housing and development board.
• Singapore’s bond market is getting a boost from Chinese borrowers tapping the island’s millionaires for record amounts at rates almost 30% cheaper than home.
• Total bank lending in Singapore rose 1.2 per cent in August from July as lending for building and construction edged higher, central bank data showed on Tuesday.
• Asian markets mostly slipped Tuesday, with Hong Kong hit for a second successive day as a pro-democracy protest in the city showed no signs of letting up, while a measure of Chinese manufacturing came in below forecast.

Stock Market Singapore : Daily Techncal Analysis 29 Sept

Market Review for STI:
Week started with bearishness with STI down 2.86 points to 3,289.35.Also the minor trend for the index is down. Low for the day was marked at 3282.75 and high was marked at 3293.99.

STI Day Performance
Open	3290.82
High	3293.99
Low	3282.75
Close	3289.72
Change(Points)	-2.49
% Change	-0.08%
Volume	979.0M
Rise	176
Fall	192
Unch	762

Market forecast for STI:
We may find recovery in the market if the market opening is in the range of 3290-3300.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3280	3255	3220	3312	3338	3360

Technical Indicators:
RSI is at 40.95 & CCI is at -83.71

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
COMFORTDELGRO.SG	2.5	2.04	JSH USD.SG	34.83	-1.8
OLAM INTL.SG	2.44	1.67	JMH USD.SG	59.14	-1.37
SEMBCORP MARINE.SG	3.76	0.8	THAIBEV.SG	0.72	-1.37
GLOBAL LOGISTIC.SG	2.77	0.73	HONGKONGLAND USD.SG	6.78	-1.02
ST ENGINEERING.SG	3.7	0.54	GENTING SING.SG	1.14	-0.87

Important Factor for today:-

• Shares of Tuan Sing Holdings soared to a multi-year high today on strong volume after the real estate developer said a Singapore property tycoon has become a substantial shareholder.
• Business confidence in singapore for the final quarter of this year slipped further to a one-year low weighed down by sputtering global economic growth on the back of geopolitical uncertainties, according to a recent survey.
• Offshore marine firm nam cheong has sold three vessels for us$41 million and together with the five vessels sold to indonesian-listed pt pelayaran nasional bina buana raya (bbr) for us$85 million, it brings total orders for september to us$126 million.
• OUE gained two singapore cents or 0.93 per cent to s$2.18 over the morning session. The firm announced over the weekend that it will invest us$200 million in cayman islands-based nuvest real return fund managed by gic-backed nuvest capital.
• Ziwo holdings said that it is planning to buy a 25 per cent stake in xisheng (quanzhou) investment co, for 160 million yuan (s$33.2 million) to play a role in china's redevelopment of industrial zones in quanzhou city in fujian province.