Stock Market Review for Singapore | STI Outlook 8th Jan

Share prices opened higher with the Straits Times Index up 5.73 points to 3,304.09.  Asian equity markets rallied, while oil prices enjoyed a rare fillip following a surge in New York and Europe on strong US data and expectations for fresh euro zone stimulus measures. Brent crude extended gains to hold above US$51 a barrel, after an unexpected fall in US crude stocks snapped a 4-session decline the previous day. High for the day was marked at 3347 and low at 3299.

Stock Signals

STI Day Performance
Open	3303.65
High	3347.21
Low	3299.64
Close	3345.11
Change(Points)	+46.75
% Change	+1.42%
Volume	1389.3M
Rise	233
Fall	118
Unch	850

Market forecast for STI: Today STI was up by 45 points. We may expect that STI will be bullish in next trading session.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3300	3280	3260	3350	3370	3404

Technical Indicators: RSI is at 54 and CCI is at 29.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
OCBC BANK.SG	0.32	3.14	CAPITAMALL TRUST.SG	-0.05	-2.4
CITYDEV.SG	0.3	2.99	COMFORTDELGRO.SG	-0.01	-0.39
UOB.SG	0.58	2.47	STARHUB.SG	-0.01	-0.24
WILMAR INTL.SG	0.07	2.21	ST ENGINEERING.SG	0.01	0.3
GOLDEN AGRI-RES.SG	0.01	2.2	JMH USD.SG	0.21	0.35

Important Factor for today:-

• Standard Chartered Bank has confirmed reports that it will shut down its institutional equities business globally as part of its US$400-million ($524-million) cost-cutting programme.
• Singapore is updating guidelines on an accounting practice mired in controversy for helping multinational companies minimize their tax bills, as the city-state moves more in line with a crackdown by Western governments on aggressive tax avoidance.
• Investors betting oil will rebound from the lowest prices in 5 1/2-years poured the most money in more than four years into funds that track crude.
• Singapore stocks held on to gains but trading was more subdued than yesterday's as penny stocks were less active
• Singapore's Deputy Prime Minister Teo Chee Hean expressed his sadness after a shocking attack at the office of satirical French magazine Charlie Hebdo left 12 dead and more than 20 injured.
• Raffles Education Corporation's Oriental University City Holdings announced the details of its share listing on the Hong Kong Stock Exchange's Growth Enterprise Market.

SGX Market: STI Review & Technical Analysis 6th Jan

Share prices opened lower with the Straits Times Index down 42.31 points to 3,328.28.Asian shares tumbled as sliding oil prices and political uncertainty in Greece forced investors out of risk assets and into the safety of government bonds. Singapore shares remained weak as investor appetite across the region soured after steep falls in oil prices overnight renewed concerns that global growth might be more tepid than expected. Get Free Trial

STI Day Performance
Open	3294.24
High	3295.51
Low	3272.40
Close	3281.95
Change(Points)	-46.33
% Change	-1.39%
Volume	1333.8M
Rise	114
Fall	260
Unch	827

Market forecast for STI: STI is not stable; it was down by 46.Most probably market will go down.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3260	3240	3230	3330	3350	3370

Technical Indicators: RSI is at 42 and CCI is at 61.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
OLAM INTL.SG	-	-	KEPPEL CORP.SG	-0.37	-4.26
THAIBEV.SG	-	-	SEMBCORP MARINE.SG	-0.12	-3.69
HONGKONGLAND USD.SG	0.11	1.63	GLOBAL LOGISTIC.SG	-0.07	-2.81
GOLDEN AGRI-RES.SG	0.005	1.12	UOB.SG	-0.64	-2.67
SIA.SG	0.09	0.78	SEMBCORP IND.SG	-0.11	-2.55

Important Factor for today:-

• US oil prices dropped below US$50 (S$67) a barrel for the first time since 2009 on a rocky day in global financial markets.
• Demand for higher returns in Singapore bonds from the city’s swelling private banking industry has brought with it greater risks.
• Securities trading value fell 25 per cent while derivatives trading volume rose to a record high in 2014, the Singapore Exchange (SGX) announced.
• SINGAPORE'S manufacturing sector contracted in December, according to the latest Purchasing Managers' Index (PMI), which has fallen to its lowest in close to two years.
• Asian indices fell sharply, after stocks on Wall Street declined overnight following the relentless fall in oil prices.

Singapore Stock Market Review for STI 5th Jan

Share prices opened lower with the Straits Times Index down 5.48 points to 3,365.11.U.S. Crude and Brent dropped to fresh 5-1/2-year lows as worries about a surplus of global supplies amid weak demand continued to drag on oil markets. Singapore shares retreated as oil prices continued to plunge on fears of falling demand in the midst of oversupply, marking a poor start to 2015's first full week of trading. Trading Tips

STI Day Performance

Open: 3326.31

High: 3369.05

Low: 3319.72

Close: 3326.31

Change (in Points): -44.28

%Change: -1.31%

Volume: 1249.1M

Rise: 152

Fall: 228

Unch: 412

Market forecast for STI:

STI suddenly dipped today by 42 points and it is expected that STI will go more down.

Technical Indicators:

RSI is at 51 and CCI is at 45.

STRAITS TIME LEVELS

Support 1: 3291

Support 2: 3273

Support 3: 3258

Resistance 1: 3373

Resistance 2: 3387

Resistance 3: 3416

Macroeconomic factors:

• Singapore legal sector's guiding principle is to serve the people and it must also remain open to the region and the global community if it is to build a world-class legal infrastructure.
• China has freed prices of 24 commodities and services, removing all price controls on agricultural products, among other reforms..
• AS at Q3 2014, Singapore's office spaces were the 14th most expensive in the world.
• TIGER Airways slumped 3.7 per cent, following the results announcement of its rights issue.
• Poor outlook of the manufacturing sector and the contraction production output in November contributed to low demand for industrial space.
• Share in diamond manufacturing equipment maker Sarine Technologies rose , after the company clarified that it expects fourth-quarter revenue to be in line with, or better, than that a year ago.

Singapore Stock Market Review & STI Technical Outlook: 31 Dec

Share prices opened flat with the Straits Times Index down 0.35 points to 3,365.76.Oil Falls in Worst Year Since 2008 as Asian Stocks Gain. US crude touched a low of US$53.55 a barrel in early Asian trade, remaining near 5-1/2-year lows, hit by concern over surplus supply as the United States decided to permit more oil exports and on an unexpected build-up in U.S. crude inventory last week. Trading Signals

High of the day was marked at 3373.080 and low was 3364.640

STI Day Performance

Open: 3366.99

High: 3373.08

Low: 3364.64

Close: 3365.15

Change (in Points): -0.960

%Change: -0.03%

Volume: 580.3M

Rise: 175

Fall: 125

Unch: 897

Market forecast for STI: Singapore's Stock Exchange Looks to Make Trading More Attractive for Individuals.SGX is looking to individual investors to boost Southeast Asia’s biggest stock market after trading volume this year tumbled the most since the 2008 global financial crisis. STI will be positive for next year.

Technical Indicators: RSI is at 61 and CCI is at 132.

STRAITS TIME LEVELS

Support 1: 3340

Support 2: 3320

Support 3: 3300

Resistance 1: 3420

Resistance 2: 3440

Resistance 3: 3460

Macroeconomic factors:

• Singapore's economy grew 2.8 per cent in 2014, but the "moderately well" performance was dimmed by a "disappointing" minus 0.5 per cent productivity growth in the first three quarters of the year.
• The Singapore Exchange (SGX) has reprimanded New Lakeside Holdings, which has been renamed Zhongxin Fruit & Juice since Mar 2013, its former director and former group chief financial officer (CFO) for breaching listing rules and corporate governance failures.
• On a year-on-year basis, Singapore's manufacturing output contracted 2.8% in November 2014. Excluding biomedical manufacturing, output declined 3.1%. On a seasonally adjusted month-on-month basis, manufacturing output fell 1.4% in November 2014. Excluding biomedical manufacturing, output increased 1.6%.
• Wealthy investors are poised to put at least US$90 billion into hedge funds next year, even after returns have largely been lackluster this year.
• Bank lending rose 0.6 per cent in November, following two straight months of no growth, data from the Monetary Authority of Singapore showed.
• Total bank lending in Singapore increased in November from the previous month, on the back of more loans to housing, building and construction as well as the business.
• China developer Ying Li International Real Estate and China Everbright has teamed up to invest in a mixed-use development project in Beijing's Tongzhou District, China.

SGX Market Review for STI 30 Dec

Share prices opened flat with the Straits Times Index up 0.72 points to 3370.77. Asian shares got off to a lacklustre start, as a sharp sell off in commodities and political uncertainty in Greece made investors less willing to take risks in the final trading days of 2014. STOCKS To Pick

High of the day was 3373.93 and low was 3359.29. 

STI Day Performance 

Open: 3370.77 

High: 3373.93 

Low: 3359.29 

Close: 3366.11 

Change (in Points): -1.58 

%Change: -0.5  

Volume: 924.8M 

Rise: 181 

Fall: 174 

Unch: 434 

Market forecast for STI: Asian stocks are falling down as oil hits risk sentiment, from last three days STI was in bullish so now it is in correction mode. We may expect STI will be in consolidation face. 

Technical Indicators: RSI is at 59 and CCI is at 115. 

STRAITS TIME LEVELS

Support 1: 3340 

Support 2: 3330 

Support 3: 3320 

Resistance 1: 3360 

Resistance 2: 3370 

Resistance 3: 3380 

Macroeconomic factors: 

• Net demand for office space in Singapore in 2014 was slightly lower at 1.36 million square feet in 2014, as compared to 1.45 million sq ft for 2013.
• A second ex-president of Singapore Technologies Marine Ltd (ST Marine) has been charged in court, in a corruption scandal that has implicated six of its former high level executives.
• SBI Offshore has bagged a procurement contract for drilling equipment systems of a semi-submersible offshore rig to be built in China.
• Oil prices have halved this year, dragging on firms involved in Asian energy projects as costs remain high amid dwindling revenues, yet equity analysts continue to have a largely positive industry outlook.
• Gross domestic product was seen expanding 2.0 per cent in the fourth quarter from a year earlier, moderating from 2.8 per cent year-on-year growth in the third quarter, according to the median forecast in the poll of 12 economists.DBS Group
• Holdings made a clean sweep of all three Singapore awards at the recent IFR Asia Awards 2014.