Market
Review for STI:
Share prices opened higher on Tuesday with the Straits Times Index up 2.90 points to 3,256.14. Asian markets were mostly lower today as profit-takers moved in after recent gains, while Wall Street provided a soft lead ahead of the start of the corporate reporting season. Shares fell after a return to trade following Monday's break for a public holiday, with the Straits Times Index ending the day down by 9.25 points or 0.28 per cent at 3,243.99. High of the day was marked at 3261.31 and low for the day was marked at 3237.31.
Important Factor for today:-
Share prices opened higher on Tuesday with the Straits Times Index up 2.90 points to 3,256.14. Asian markets were mostly lower today as profit-takers moved in after recent gains, while Wall Street provided a soft lead ahead of the start of the corporate reporting season. Shares fell after a return to trade following Monday's break for a public holiday, with the Straits Times Index ending the day down by 9.25 points or 0.28 per cent at 3,243.99. High of the day was marked at 3261.31 and low for the day was marked at 3237.31.
STI Day Performance
|
|
| Open |
3260.72
|
| High |
3261.31
|
| Low |
3237.31
|
| Close |
3243.99
|
| Change(Points) |
-9.25
|
| % Change |
-0.28%
|
| Volume |
1335.5M
|
| Rise |
139
|
| Fall |
239
|
| Unch |
755
|
Market forecast for STI:
The market is in correction mode but slowly it will recover the downfall .so we may expect that it will be bullish in the next trading day and may range from 3245-3275.
The market is in correction mode but slowly it will recover the downfall .so we may expect that it will be bullish in the next trading day and may range from 3245-3275.
STI LEVELS
|
|||||
| Support 1 |
Support 2
|
Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
| 3235 | 3200 | 3180 | 3275 | 3285 | 3300 |
Technical Indicators:
RSI is at 34.28 and CCI is at -129.44.
RSI is at 34.28 and CCI is at -129.44.
Top Gainers
|
Top Losers
|
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Scrip Name
|
CMP
|
%change
|
Scrip Name
|
CMP
|
%change
|
| JARDINE C&C.SG | 41.29 | 2.3 | CAPITALAND.SG | 3.08 | -1.6 |
| GOLDEN AGRI-RES.SG | 0.51 | 2 | SIA.SG | 9.72 | -1.42 |
| GLOBAL LOGISTIC.SG | 2.72 | 1.87 | JSH USD.SG | 34.48 | -1.4 |
| OLAM INTL.SG | 2.34 | 1.74 | SGX.SG | 6.96 | -1.28 |
| HONGKONGLAND USD.SG | 6.72 | 1.2 | SEMBCORP IND.SG | 5.09 | -0.97 |
- Singapore will announce the central bank's semi-annual monetary policy decision and release advance gross domestic product (GDP) estimates for the third quarter on Oct. 14.
- Battered by fears of slower China growth along with weak commodity prices, the Australian dollar slid dramatically against the Singapore dollar in September to lows not seen in more than five years, the Business Times reported.
- Yongnam Holdings’ Malaysian unit has agreed to sell its factory at Nusajaya, Johor, to Axis Real Estate Investment Trust before leasing it back from the REIT.
- STATS ChipPAC says the company has been served a writ of summons by ERS Electronic GMBH alleging that it has infringed its patents relating to debonder machines used in wafer level package assembly process.
- The government will still keep a close watch on the inflow of foreign workers - even as no further major measures are planned to tighten the foreign worker policy.
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