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.

SGX: Stock Market Signals & Advice for Tomorrow

Market Review for STI: Shares edged down and the Straits Times Index (STI) was 5.9 points or 0.17 per cent lower at 3,476.80 despite Wall Street's climb overnight. Shares were still mostly lower as investors cashed out on stocks that went ex-dividend and digested various earnings reports before planning their next move.
Market forecast for STI:We may expect STI will touch 3440 after that it will take rebound.
Technical Indicators: RSI is at 47 and CCI is at -87.
ECONOMIC FACTORS:

• Oil prices edged lower in thin Asian trade as concerns over a global supply glut persisted, with few fresh leads for dealers to track.
• SINGAPORE'S manufacturing sector contracted for a fifth consecutive month in April, according to the latest purchasing managers' index (PMI).
• Indonesia's economic growth in the first quarter slumped to its weakest annual pace since 2009, hurt by slowing demand from major export partners and a drop in global oil prices, the statistics bureau said on Tuesday. 
• Gold retained overnight gains on Tuesday but was stuck below US$1,200 an ounce as investors waited on US nonfarm payrolls later in the week for clues on when the Federal Reserve will hike interest rates.
• KENCANA Agri will report a net loss for the three months ended March 31, the palm oil producer announced late on Monday.
• Noble Group has brought forward its first-quarter results announcement by two days, but the Asian commodity trading giant under attack from a research firm over alleged improper accounting did not give a reason for the move.

Singapore Stock Market Trading Signals for 10 April

Market Review for STI: Shares opened 12.46 points higher, or 0.36 per cent, to 3,473.14 points, this was after US stocks rose overnight, and Tokyo market opened higher. Some 122.1 million shares were traded with a value of S$110.5 million. Small caps rallied again, while the blue chips stocks struggled to catch up. The market closed down at the same level of yesterday, at 3460.30.

STI Day Performance
Open: 3472.63
High: 3476.27
Low: 3450.26
Close: 3460.30
Change(Points): -0.38
% Change: 0.01%
Volume: 3015.2M
Rise: 244
Fall: 163
Unch: 380
Market forecast for STI: We may expect STI will move in the range of 3440 to 3476.
STRAITS TIME  LEVELS
Support 1: 3400
Support 2: 3374
Support 3: 3360
Resistance 1: 3471
Resistance 2: 3476
Resistance 3: 3476
Technical Indicators: RSI is at 63 and CCI is at 89.
Important Factors for today

• Singapore's economic growth is forecast to have slowed sharply in the first quarter as the manufacturing sector faced headwinds from sluggish global demand.
• Gross domestic product probably grew 0.5 per cent in January-March from the previous three months on an annualised and seasonally adjusted basis.
• Industrial production in January and February shrank on average by about 1.2 per cent from last year.
• Yuan, the Chinese currency, declared as the most overvalued currency in the world.
• Noble Group on Thursday "completely rejects" the allegations made by Muddy waters Research and it fell 5.5% to 86 cents on strong volume after short-seller Muddy Waters issued a 14-page report attacking the company's financial health and accounting practices.
• The frenzy that made Chinese stocks the world's best performers is spilling over the border into Hong Kong.
• After propelling the Shanghai Composite Index to a 90 percent rally in the past 12 months, mainland investors are buying as many Hong Kong equities through the exchange link as regulators will allow.
• Oversea Chinese Banking Corp has opened a securities unit in Jakarta, as it seeks to expand in Southeast Asia's biggest economy.
• Daiwa has cut its price target for Ezra Holdings to 40 cents from 52 cents after lowering its earnings per share estimates for FY2015 to FY2017 by 9% to 16%.
• Greece is due to make its 459 million euro (S$670.5 million) April loan payment to the IMF, but the European nation's ability to honour its debts remains a source of acute anxiety to creditors.
• Oil prices rallied more than one per cent on Thursday, clawing back part of a 6 per cent slump triggered by a jump in US crude inventories and record Saudi output.