Singapore Share Market Daily Outlook - 30 July

Market Review for STI:
STI opened at 3356.07 today. The early trading was little bullish then market took the bearish move and close at 3351.310. Asia's markets rose further on Wednesday, extending a recent rally, with a weaker yen boosting Tokyo while investors await the release this week of key US data and the Federal Reserve's policy meeting.

STI Day Performance
Open	3356.070
High	3364.050
Low	3349.690
Close	3351.310
Change(Points)	-4.770
% Change	-0.14%
Volume	1649.6M
Rise	128
Fall	278
Unch	701

Market forecast for STI:
Prices are above the 20&50 days EMA .Though the market is not good the counters are not in a bullish move rather most of the active counters are in consolidation phase .In such case, the starting of the market can indicate the bullishness or bearishness for the same.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3320	3260	3240	3450	3470	3500

Technical indicators:RSI is above the centre line and is at level 70.51 and CCI is at 136.93.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
OCBC Bank	9.91	1.54	SIA Engineering	4.69	-1.88
CapitaLand	3.32	0.91	ThaiBev	0.625	-1.58
UOB	24.05	0.29	CapitaMall Trust	1.98	-1.49
DBS	18.08	0.28	JSH 500 USD	35.81	-1.16
HongkongLand USD	6.73	0.15	Noble	1.42	-1.04
OCBC Bank	9.91	1.54

Important Factor for today:-

• Singapore’s Oversea-Chinese Banking Corporation has acquired a total of 97.52% of the issued share capital of Wing Hang Bank, closing the US$4.95 billion ($6.15 billion) bid for the Hong Kong lender.
• Keppel Land, Singapore’s third- biggest developer by value, made its maiden investment in the U.S. with a prime residential development in New York City.
• Singapore’s City Developments and Australia’s Stock land Group are considering bidding for Leighton Holdings’ $7 billion ($8.7 billion) residential and commercial property portfolio, a leading Australian newspaper reported on Tuesday.
• Singapore's central bank announced new proposals to regulate financial benchmarks, in the wake of a series of scandals around the world involving traders manipulating Libor and other key rates.

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Singapore Stock Market Review 10 July

Market Review for STI:
Singapore share prices opened higher with STI up 6.81 points to 3282.27. On Wednesday it ended 7.88 points lower or -0.24% to 3,275.46 taking the year-to-date performance to +3.49%. Opened at 3282.270 made a high of 3291.270 for the day .The low was marked at 3269.280 .Negative movement is seen today and the close was observed at 3269.500.

STI Day Performance
Open	3282.270
High	3291.270
Low	3269.280
Close	3269.500
Change(Points)	-5.960
% Change	-0.18
Volume	1575.7M
Rise	192
Fall	199
Unch	394

Market forecast for STI:
Market opened well, the positive movement was seen throughout the day, but ended on a reverse note .As per the technicals, and STI is expected to follow the same tomorrow. It may drop to the level of 3260.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3260	3255	3250	3272	3280	3295

Technical indicators: RSI is below the centre line @49.005, which indicates a downfall .CCI is @33.019 .MACD is at level of 0.538.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Ascendas Reit	2.32	1.31	Golden Agri-Res	0.545	-1.8
Olam Intl	2.46	1.24	Jardine C&C	46.01	-1.69
CapitaMall Trust	1.945	0.78	ST Engineering	3.77	-0.79
HongkongLand USD	6.74	0.75	Global Logistic	2.68	-0.74
StarHub	4.17	0.72	SingTel	3.84	-0.52

Important Factor for today:-

• China’s exports trailed estimates in June, suggesting support for growth from global demand will be limited as leaders try to defend their economic-expansion goal of about 7.5 percent this year.
• Overseas-Chinese Banking Corp., which is buying Wing Hang Bank, achieved the “most important thing” by gaining control of more than 50% of the Hong Kong lender.
• Ezion Holdings shares continued to fall and underperformed along with Ezra halts trading.
• Housing Development Board (HDB) resale prices of flats dropped for a fifth consecutive month in June, slipped 0.6% compared to May marking a new two-year low since April 2012.
• DBS Group Holdings priced the issue of US$750 million fixed rate senior notes due 2019, and US$500 million floating rate senior notes due the same year.
• Asian High Net-Worth individuals (HNWIs) seeking to invest beyond their domestic markets, looking out differentiated products that have higher potential yields and stability.

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Singapore Stock Market technical Updates 09 July

Market Review for STI:
Share prices opened lower with Straits Times Index down 2.89 points to 3280.450. Asian equities continue to trade at a discount and could get a 12-15% upside potential this year, driven by a mild re-rating and earnings momentum. Cooling Chinese inflation overnight added to weak European industrial data earlier in the week, pointing to slowing global growth and eclipsing a positive start to the U.S. earnings season.

STI Day Performance
Open	3280.450
High	3284.930
Low	3264.010
Close	3275.460
Change(Points)	-7.880
% Change	-0.24
Volume	2580.3M
Rise	170
Fall	222
Unch	392

Market forecast for STI:
Due to the slow economic growth data the effect is seen negative today and also the impact is expected to continue until any positive factor is seen in the economy. Technically, in the day chart head & shoulder pattern can be formed. The market is expected to drop but it will also take a corrective action.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3260	3252	3240	3282	3290	1925

Technical indicators:
RSI is above the centre level @51.438, CCI is at 14.452.MACD is observed @1.092.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Jardine C&C	46.8	0.75	Olam Intl	2.43	-2.8
JSH 500 USD	37.06	0.71	Noble	1.375	-1.79
HPH Trust USD	0.735	0.69	UOB	23.2	-1.28
HongkongLand USD	6.69	0.6	Wilmar Intl	3.2	-0.62
CityDev	10.2	0.49	Sembcorp Marine	4.05	-0.49

Important Factor for today:-

• According to CIB report, a strong Singapore dollar should not be seen as too helpful in curbing rising prices, since various measures suggest that inflation pressures are more domestic in nature.
• The bank said Singapore will "maintain competitiveness," noting that manufacturing activity has been picking up, driven by the biomedical, chemicals and transport engineering sectors."Along with the gradual recovery in the global economy, externally-oriented sectors including manufacturing and trade-related services are likely to be supported in the coming quarters," added the report.

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