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Monday 12 January 2015

Singapore Stock Market Daily Report 12th Jan

Share prices opened flat with the Straits Times Index down 1.00 points to 3,337.44.Oil fell further in Asia , with weak demand and a supply glut putting relentless pressure on prices already at their lowest in five and a half years. 
STI Day Performance
Open: 3344.89
High: 3347.76
Low: 3331.72
Close: 3344.89
Change(Points): +6.45
% Change: +.19%
Volume
: 1087M
Rise: 139
Fall: 226
Unch: 838
Market forecast for STI: We may expect STI will be up in the next trading day as it may be reach level of 3373 at its major resistance.
Technical Indicators: RSI is at 54 and CCI is at 43.
STRAITS TIME  LEVELS
Support 1: 3301
Support 2: 3280
Support 3: 3260
Resistance 1: 3350
Resistance 2: 3374
Resistance 3: 33404
Important Factor for today:-
  • CREDIT Suisse now believes Singapore's central bank will ease monetary policy in April, considering the weaker inflation outlook and subdued GDP (gross domestic product) growth prospects.
  • Global oil prices extended their slide weighed by weakening demand in Europe and Asia, while refineries in Philadelphia and Ohio were hit hard by fires over the weekend, curtailing demand for crude in the U.S.
  • A sudden new-year jump in Singapore interest rates threatens to push up mortgage costs and steepen a slide in home prices.The three-month Singapore interbank offered rate, against which most home loans are benchmarked, has risen 18 basis points to 0.6392% this year to the highest since April 2010, driven by a stronger US dollar and new liquidity requirements for Singapore banks.
  • Business optimism in Singapore tumbled to near-contractionary levels in Q1 2015, amid mounting concerns over an intensification of global political headwinds and softer regional demand in the external-oriented sector.
  • Mobile telecommunication services provider Edition is looking to engage in financial services business in China.
  • OLAM International said  that it has agreed to sell wool broker Western Wool Marketing to Quality Wool, marking the Singapore commodities group's exit from its niche Australian wool business.

Friday 9 January 2015

Singapore Stock Market Weekly Technical view on STI

In this week STI opening was not good First day closed by losing 42 points. 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. Second day STI gave a gap down opening. 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. Then came into correction mode ,traders remained nervous after oil prices hit new five-and-a-half-year lows and Greek political turmoil sent the euro skidding. Last day of the week gave gap up opening with 21 points.
STRAIT TIMES WEEKLY WRAP
OPEN
3368.38
HIGH
3372.34
LOW
3267.89
CLOSE
3338.44
CHANGE (In Points)
-32.15
% CHANGE
-0.96%
Market Forecast for week ahead: The trend of market is expected to be bullish for next week. STI formed hammer on the top of the chart. Currently we have seen unusual volatility in markets due to oil prices crisis and global economic tensions. Asian shares climbed for a third straight day following more advances on Wall Street, while bargain-buying helped oil recover slightly from its latest sell-off. We may see bullish really in next week trading session.
Technical Indicators: RSI is above the centre line which is supporting the uptrend for the week at 55.32 and CCI is also supportive at the level of 48.37.
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3313
3280
3260
3374
3409
3440
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.
  • Demand for higher returns in Singapore bonds from the city's swelling private banking industry has brought with it greater risks. 
  • 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.
  • The online classifieds joint venture is now established between Singapore Press Holdings, Norway's Schibsted Media Group and Telenor Group, and South Africa's Naspers.
  • Singapore Shipping Corporation said it has managed to secure a US$16.5 million ($22 million) seven-year term loan financing facility with a leading Japanese financial institution.
  • Oil prices were heading for a seventh weekly loss on Friday, with key producers showing no signs of cutting output in the face of a global supply glut. 
  • China’s consumer inflation rebounded marginally to 1.5 per cent year-on-year in December, the government said Friday, as slowing growth in the world’s second-largest economy keeps a lid on prices.
Sector Allocation Chart by VOLUME
Sector
Volume
Values($)
Rises
Falls
Unchanged
Properties
140,187,950
216,273,670
28
22
36
Multi-Industry
31,776,000
94,566,644
1
7
9
Construction
45,630,000
5,333,810
11
6
24
Commerce
78,111,000
37,784,848
20
16
63
Hotels/Restaurants
1,437,000
786,911
4
2
11
Transport/Storage/Communications
130,512,340
182,734,180
18
13
19
Finance
34,645,400
300,250,347
14
10
22
Manufacturing
298,795,600
139,300,552
36
54
166
Services
479,315,820
133,599,249
33
48
76
Agriculture
46,469,000
26,691,906
3
2
4
Mining
22,654,000
6,179,907
5
2
6
Electricity/Gas/Water
810,000
929,425
0
2
0
Shares in Foreign Currencies
25,442,689
109,679,942
26
9
114
Total
1,335,786,799
1,254,111,391
199
193
550

Thursday 8 January 2015

Singapore Stock Market Analysis Report 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.
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.

Tuesday 6 January 2015

Singapore Stock Market Updates & Technical Report 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.
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.

Monday 5 January 2015

Singapore Stock Market Technical Analysis 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.
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.