Monday 3 November 2014

Singapore Stocks: Technical Review 3rd Nov

Market Review for STI:
SINGAPORE share prices opened higher with the Straits Times Index up 14.53 points to 3,286.57.Asian markets were mixed as traders took a breather after last week's rally, while Hong Kong and shanghai were barely moved after a weak Chinese manufacturing report.Shares ended higher with the Index gaining 16.59 points to 3,290.84.

STI Day Performance
Open
3286.57
High
3295.77
Low
3281.30
Close
3290.84
Change (Points)
+16.59
% Change
+0.51%
Volume
2106.1M
Rise
272
Fall
149
Unch
371
Market forecast for STI:
STI gave a gap up opening and is in uptrend from last four days .The major trend will remain up but it may take a little correction in the coming trading session.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3260
3250
3240
3320
3330
3340
Technical Indicators:
RSI is at 53.58 and CCI is at 0.235
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
SEMBCORP MARINE.SG
3.74
2.75
GOLDEN AGRI-RES.SG
0.51
-1.92
HPH TRUST USD.SG
0.69
2.22
COMFORTDELGRO.SG
2.59
-1.89
DBS.SG
18.82
1.84
THAIBEV.SG
0.755
-1.31
SIA.SG
10.07
1.72
JSH USD.SG
35.21
-1.18
UOB.SG
23.29
1.26
JARDINE C&C.SG
39.45
-1.13
Important Factor for today:-
  • Penny stock compact metal industries were most actively traded with some 137 million shares worth s$9.4 million on Monday morning.
  • Singapore refining company will shut a secondary unit at its 290,000 barrels-per-day refinery in Singapore’s jurong island this month, sources with knowledge of the matter said on Monday.
  • Frasers centre point, which recently acquired australand for a$2.6 billion (s$2.9 billion), has picked bob Johnston as chief executive of the combined Frasers property Australia and australand businesses.
  • SembCorp marine has clinched a us$240 million contract to build a new jack-up drilling rig from repeat customer bot lease co ltd (botl), a leasing company of the bank of tokyo-mitsubishi ufj.
  • SMRT Corp gains 8.5 Singapore cents or nearly 6 per cent to s$1.57 in the early session. the firm announced last Friday an impressive set of results for second quarter ended September - net profit jumped 76 per cent to s$25.3 million on the back of a 6 per cent rise in revenue to s$314.0 million from a year ago.
  • OSK DMG has trimmed MTQ corporation ltd's target price to $1.77 on the back of lower utilization in the Singapore facility and slow starts in the binder group.
  • United Industrial Corporation (UIC) has posted a 37 per cent year-on-year increase in third- quarter net profit to S$59.69 million, on the back of a 17 per cent rise in revenue to S$178.38 million.

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