Market
Review for STI:
Share prices opened lower today with the Straits Times Index down 13.20 points to 3,230.79. Asian markets slipped today following a US and European sell-off that came in response to more weak German data and the IMF's decision to cut its growth forecast for the global economy. Shares were down 17.28 points with STI finishing at 3,226.71.
Important Factor for today:-
Share prices opened lower today with the Straits Times Index down 13.20 points to 3,230.79. Asian markets slipped today following a US and European sell-off that came in response to more weak German data and the IMF's decision to cut its growth forecast for the global economy. Shares were down 17.28 points with STI finishing at 3,226.71.
STI Day Performance
|
|
| Open |
3227.62
|
| High |
3234.71
|
| Low |
3223.82
|
| Close |
3226.71
|
| Change(Points) |
-17.28
|
| % Change |
-0.53%
|
| Volume |
1143.05M
|
| Rise |
126
|
| Fall |
255
|
| Unch |
753
|
Market forecast for STI:
To ensure sustainable growth, Singapore manufacturers should actively seek out new markets globally and then we may expect the market to move bullish. Technically, if will take support at 3220 we may see a little correction in the market.
To ensure sustainable growth, Singapore manufacturers should actively seek out new markets globally and then we may expect the market to move bullish. Technically, if will take support at 3220 we may see a little correction in the market.
STI LEVELS
|
|||||
| Support 1 |
Support 2
|
Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
| 3220 | 3200 | 3170 | 3250 | 3270 | 3285 |
Technical Indicators:
RSI is at 30.93 and CCI is at -160.50. The indicators are indicating more towards the bear signal.
RSI is at 30.93 and CCI is at -160.50. The indicators are indicating more towards the bear signal.
Top Gainers
|
Top Losers
|
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Scrip Name
|
CMP
|
%change
|
Scrip Name
|
CMP
|
%change
|
| SEMBCORP MARINE.SG | 3.62 | 1.12 | CITYDEV.SG | 9.26 | -2.11 |
| SPH.SG | 4.23 | 0.71 | GOLDEN AGRI-RES.SG | 0.5 | -1.96 |
| HONGKONGLAND USD.SG | 6.76 | 0.6 | NOBLE.SG | 1.28 | -1.92 |
| SGX.SG | 6.99 | 0.43 | OLAM INTL.SG | 2.3 | -1.71 |
| KEPPEL CORP.SG | 10.29 | -0.1 | CAPITALAND.SG | 3.03 | -1.62 |
- Citi has picked Singaporean lee lung Nien as chief executive of its Malaysian unit Citibank Bhd to oversee the bank's franchise in the country, including its institutional clients, consumer banking, cards and wealth management businesses.
- Singapore has fallen out of a ranking of the top 20 cities for property investment.
- Singapore’s move to allow foreign judges to hear commercial cases may boost its standing against regional rival Hong Kong where concerns have mounted that its judicial independence is being undermined by china.
- The straits times’ index today drifted to a 9.25-point loss at 3,243.99. it was initially supported by a positive session for Hong Kong, but came under pressure between 4 and 5pm when Europe opened in the red across all markets.
- Massage chair maker Osim International has no idea why its share price could have tumbled so much for two days straight, it told the Singapore Exchange.
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