Market Review for STI:
Singapore shares opened higher today,
STI was up by 3.00 points to 3,256.20 where ended 0.02 per cent
higher today.
STI opened at 3257, took a down trend
and made a low of 3246.66 later gave closing at 3253.80. a Red candle
was formed for the day.
Open-
3257.52
High-
3259.07
Low
-3246.66
Close
-3253.80
Change(Points)
-0.60
%
Change -.02%
Volume
-1798M Rise
-216
Fall
– 199
Unch
-657
Market forecast for STI:
Today STI formed a Red Doji candle for
the day with a real short body and a short upper & long lower
shadow. As STI made a gap up opening with 4 points and formed a Red
Doji candle. As published in the yesterday’s report STI has formed
a Red candle and is in a correction mode.
Technical indicators:
RSI is above the centre line @71.77 is
about to move in overbought level. Where CCI is @ 120.60
|
STRAITS TIME LEVELS
|
|
|
Support 1 |
3243
|
|
Support 2 |
3230
|
|
Support 3 |
3215
|
|
Resistance 1 |
3263
|
|
Resistance 2 |
3275
|
|
Resistance 3 |
3288
|
Important Factor for today:-
- Singapore Non Oil Domestic export fell 6.6 on where there was a jump of 8.9% in Feb. Reason for the downfall was decline in electronics and non-electronics shipments, electronic export droped 3.7% Feb where 16.1% in Mar.
- CapitaLand Limited has signed an agreement to acquire an additional 80% interest in CapitaLand (Beijing) Kai Heng Holdings Pte. Ltd. from CapitaLand China
- Development Fund Pvt. Ltd.. The cash consideration for the Acquisition is RMB220.2 million, approximately S$45.1 million.
Market Review for KLCI:
Malaysia stock took upside at opening
where KLCI up by 3 points to 1847.4, ended higher by 5.17 points and
closed at 1,850.54.
Open
- 847.40
High
-1852.13
Low
-1847.40 Close
-1850.54
Change(Points)
-5.17
%
Change – 0.28%
Volume
-2522.4M Rise
-406
Fall
-409
Unch
-1330
Market forecast for KLCI:
KLCI formed a
Green candle for the day with a long real body and a short upper
shadow as yesterday a Red candle was formed and was expected that the
KLCI would break the major support of 1850 but today it took the up
move and was able to sustain itself above the crucial support. Hence
a consolidation is expected for further trading sessions.
|
KLCI LEVELS
|
|
|
Support 1 |
1838
|
|
Support 2 |
1828
|
|
Support 3 |
1818
|
|
Resistance 1 |
1851
|
|
Resistance 2 |
1860
|
|
Resistance 3 |
1870
|
Technical indicators:
RSI is above the centre line @54.91
else CCI is @22.68
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