Thursday, 9 October 2014

Singapore Stock Market Technical Analysis Report 9th Oct

Market Review for STI:
STI gave a gap up opening by18.26 points to 3,244.97, opened higher on the back of Wall Street stock. It made a high of 3264.06 and the low for the day was marked at 3239.97 .STI formed a bullish candle for the day and closed at 3259.25.
STI Day Performance
Open
3242.47
High
3264.06
Low
3239.97
Close
3259.25
Change(Points)
+32.54
% Change
+1.01%
Volume
1172.5M
Rise
205
Fall
177
Unch
752
Market forecast for STI:
If it is the correction then the confirmation of bullishness will be from the opening price of the next trading day.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3225
3215
3200
3275
3285
3300
Technical Indicators:
RSI is below center line at 42.62 and CCI is at -82.27.
Top Gainers
Top Losers
Scrip Name
CMP
%change
S crip Name
CMP
%change
CAPITALAND.SG
3.12
2.97
SPH.SG
4.18
-1.18
GENTING SING.SG
1.115
2.29
SIA ENGINEERING.SG
4.53
-0.66
HONGKONGLAND USD.SG
6.89
1.92
KEPPEL CORP.SG
10.24
-0.49
JMH USD.SG
59.01
1.9
SIA.SG
9.71
0.31
JSH USD.SG
34.75
1.85
SEMBCORP IND.SG
5.07
0.4
Important Factor for today:-
  • Shares of raffles education corp. soared in early trade today after the company said it would spin off its wholly owned oriental University City holdings on Hong Kong’s growth enterprise market.
  • Investors in Singapore are flocking to take cover under bonds umbrella amid gathering clouds over the global economy. Even the weakening sing $ has failed to dent their enthusiasm for the fixed income securities, in particular government bonds.
  • The stock of lifestyle products group Osim international, a long-time market darling, traded sharply lower for a second day in a row on heavy volume.
  • Housing and development board (hdb) resale prices could have fallen in an eighth consecutive month, going by flash estimates from the Singapore real estate exchange.

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