Thursday, 13 November 2014

Singapore Stocks : STI Technical Outlook 13th Nov

Market Review for STI:
Share prices opened higher with the Straits Times Index up 4.63 points to 3,288.34. Straits Times Index inches up; eyes on China data: The Straits Times Index was slightly higher, aided by gains in SingTel, which reported stronger earnings this morning. Shares ended higher with the Straits Times Index gaining 21.22 points to 3,304.93.
FBMKLCI WEEK’s Performance
Open
3288.34
High
3313.89
Low
3285.08
Close
3304.93
Change(Points)
+21.22
% Change
+0.65%
Volume
1484.8M
Rise
204
Fall
178
Unch
403
Market forecast for STI:
After a sharp bullish move today we may expect STI to move to higher levels.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3280
3270
3260
3310
3320
3330
Technical Indicators:
RSI is 60 at and CCI is at 85.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
NOBLE.SG
1.25
4.17
COMFORTDELGRO.SG
2.61
-3.33
SEMBCORP IND.SG
4.65
2.42
ST ENGINEERING.SG
3.53
-2.22
DBS.SG
19.65
1.6
THAIBEV.SG
0.745
-1.32
CAPITAMALL TRUST.SG
1.97
1.55
GOLDEN AGRI-RES.SG
0.505
-0.98
SGX.SG
7.1
1.43
HPH TRUST USD.SG
0.68
-0.73
Important Factor for today:-
  • Pacific Radiance's 3Q2014 earnings up 24% on vessel sales,even as revenue declined on lower contributions from its subsea business.

  • Tritech Group stayed in the black in 3Q2014 despite more intense competition and higher operating expenses – thanks to a one-time investment gain.
  • KrisEnergy reported 3Q losses widened to US$10 million from US$3.5 million a year ago as a result of lower oil and gas prices.Revenue for 3Q2014 was US$18.2 million, a 33.4% increase from US$13.6 million in 3Q2013, thanks to higher sales of crude oil and gas at US$13.2 million and US$4.9 million respectively.
  • MAINBOARD-LISTED pawnbroker ValueMax Group saw its net profit attributable to shareholders fall 43.9 per cent year on year to S$1.69 million for the third quarter ended Sept 30, 2014.
  • ComfortDelGro posted a 5.3% rise in 3Q earnings of $80.8 million from $76.7 million a year ago on the back higher revenues. Earnings per share came in at 3.78 cents for the quarter.

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