Thursday, 30 October 2014

SGX- STI Technical Analysis 30 Oct

Market Review for STI:
Singapore share prices opened higher with the straits times’ index up 8.52 points to 3,232.55. The Singapore market appears to be struggling for direction as investors digest comments on the us economy by the Federal Reserve, which declared overnight an end to its quantitative easing programme. Asian markets were mixed Thursday while the dollar resumed its upward march against the yen after the Federal Reserve wound up its vast bond-buying scheme and reiterated its plan to keep interest rates at record lows.
STI Day Performance
Open
3225.60
High
3234.31
Low
3219.62
Close
3224.31
Change(Points)
+10.28
% Change
+0.32%
Volume
1116.2M
Rise
159
Fall
178
Unch
454
Market forecast for STI:
STI was exactly in the range of 3210-3240 and lying upper in Bollinger band .So we may expect up movement in next trading session.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3220
3200
3180
3240
3250
3260
Technical Indicators:
RSI is at 49.47 and CCI is at 34.27
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
THAIBEV.SG
0.765
2.68
CITYDEV.SG
9.39
-1.98
UOB.SG
22.46
1.95
COMFORTDELGRO.SG
2.52
-1.56
SIA ENGINEERING.SG
4.72
1.94
HPH TRUST USD.SG
0.66
-1.49
GENTING SING.SG
1.055
1.93
OLAM INTL.SG
2.09
-1.42
HONGKONGLAND USD.SG
6.93
1.61
JARDINE C&C.SG
39.63
-1.17
Important Factor for today:-
  • Parkway life real estate investment trust (plife reit) has declared a dpu of 2.90 cents for 3q 2014 ended sept, 8.9% higher than the 2.66 cents in the same quarter last year (3q 2013).plife reit's distributable income for for 3q 2014 was $17.6 million.
  • Indofood Agri resources has reported a small rise in 3q2014 earnings and sounded a cautious note on business in the coming quarters. the palm oil producer's earnings for the September quarter rose 1.6% y-o-y to idr124.8 million ($13.2 million), with higher revenue partly offset by increased finance costs. Ebitda profit margins were four percentage points lower at 20%.
  • Osim international shares are still falling even after their 14% plunge yesterday, as the massage chair maker's weaker-than-expected 3q2014 results continue to fuel concerns that earnings in the coming quarters may also disappoint.
  • Shares of Yongnam holdings gapped up at the start of trading, rising as much as 22.5%, as investors gave their thumbs-up to the engineering and construction firm for clinching a mega contract to build an airport in Myanmar.
  • Broad-based loan growth, record fee income and higher net interest margins lifted Oversea-Chinese Banking Corp's core earnings by 11% in 3Q2014.Core earnings for the September quarter came in at $841 million, compared with $759 million a year earlier.

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