Wednesday, 5 November 2014

Singapore Stock Market Updates 5th Nov

Market Review for STI:
Singapore share prices opened lower with the straits times’ index down 2.74 points to 3,278.83. Asian markets retreated today, with Tokyo suffering its first sell-off after rallying 10 per cent in four days while the dollar managed to maintain its seven-year highs against the yen. Trading of securities and derivatives on the Singapore Exchange, a major equity and commodity bourse in Asia, was suspended in afternoon due to connectivity issues. Get FREE TRIAL

FBMKLCI WEEK’s Performance
Open
3275.99
High
3289.75
Low
3273.68
Close
3287.01
Change (Points)
+6.44
% Change
+0.20%
Volume
680.5M
Rise
122
Fall
199
Unch
470

Market forecast for STI:
In the first half market opened lower but ended higher and this is a strong indication for the bullish move having proper support at the level of 3272.

STI LEVELS
Support 1
Support 2
Support 3 Resistance 1 Resistance 2 Resistance 3
3272 3260 3250 3285 3295 3310

Technical Indicators:
RSI is at 59.37 and CCI is at 144.77.

Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
OLAM INTL.SG 2.09 2.45 SIA ENGINEERING.SG 4.55 -5.21
UOB.SG 23.41 0.99 WILMAR INTL.SG 3.11 -1.89
DBS.SG 19.12 0.9 GENTING SING.SG 1.065 -1.84
HONGKONGLAND USD.SG 6.98 0.87 ST ENGINEERING.SG 3.72 -1.33
THAIBEV.SG 0.75 0.67 SEMBCORP MARINE.SG 3.62 -0.82
Important Factor for today:-

  • Trading of securities and derivatives on the Singapore Exchange, a major equity and commodity bourse in Asia, was suspended on Wednesday afternoon due to connectivity issues. The securities and derivatives markets were halted at 1451 Singapore time (0651 GMT), and the connection between SGX members and the two markets was unavailable, the exchange said in a statement.SGX did not provide details of the problem or a time frame for recovery of service.
  • The local bourse saw average daily value traded in securities fall 8 per cent in October from the previous month while on a year-on-year basis, it dipped 7 per cent.
  • Singapore’s purchasing managers' index expanded further in October, rising 1.4 points to 51.9 - a high not seen in over three years. all sub-indices - save input prices and order backlog - posted higher readings.
  • SMRT Corp's group chief financial officer, Sam Ong eng keang, has resigned after eight months on the job and his last day will be nov 9.
  • Mainboard-listed valuetronics holdings' net profit for the second quarter fell 8.4 per cent to hk$36.3 million (s$6 million) from a year ago due to slowdown in demand for consumer electronics and higher staff costs.
  • Food and beverage play breadtalk group has reported a 15.6 per cent rise in net profit to s$3.9 million for the three months ended sept 30, 2014.
  • Thanks to lower operating and financial expenses, OUE limited reported a 23.1 per cent rise in net profit to s$16.5 million for the third quarter ended sept 30, defying a 10.8 per cent drop in revenue.
  • Electronic-parts seller serial system reported a 50 per cent boost in net profit for the third quarter compared to a year ago on the back of higher sales.

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