Singapore & Malaysia Stock market Analysis for 22nd April

Market Review for STI:
Today STI opened at 3260.78 and made a high of 3264.21 later pressure was seen in the market and it made a low of 3250.91 while closed at 3255.83. There was the volume of 1706.5Million.

STI Day Performance
Open	3260.78
High	3264.21
Low	3250.91
Close	3255.83
Change(Points)	2.03
% Change	0.06%
Volume	1706.5M
Rise	176
Fall	217
Unch	679

Market forecast for STI:
A Red candle was formed for the day a Spinning Top candle was formed with a short real body and short upper and lower shadow. As published in our weekly report; that STI would take some corrections, today it formed a red candle for the day and is expected to be in same correction mode for few trading sessions.
Technical indicators:
RSI is above the centre line @72.09 is about to move in overbought level. Where CCI is @ 130.87.

STRAITS TIME LEVELS
Support 1	3245
Support 2	3230
Support 3	3215
Resistance 1	3265
Resistance 2	3280
Resistance 3	3295

Important Factor for today:-

• CapitaMall Asia made a jump of 2.8% to S$75.3 million in Net Profit for 1Q 2014.
• RH Perto Gas Investments proposed sale of 49% Stake in RHP for US $ 2.79Million
• Shares in Catalist listed SHC Capital Asia surged on Monday that it is discussing a sale of its core insurance business.
• Trading in Chemoil will be suspended from 5 May 2014 as Friday 2nd May will be the last trading for Chemoil. 

Market Review for KLCI:

Today KLCI opened at 1851.61 and took the up move, made a high of 1864.94 and gave closing near to its high at 1862.93 while at the time of opening KLCI opened down with a lower side of 1849.68.

KLCI Day Performance
Open	1851.61
High	1864.94
Low	1849.68
Close	1862.93
Change(Points)	10.24
% Change	0.55%
Volume	2608.9M
Rise	523
Fall	326
Unch	1299

Market forecast for KLCI:
A long green candle was formed for the day with a long real body and short upper and lower shadow. As KLCI has recovered from down side and now is in a complete uptrend and looks forward to break its resistance of 1872 in the coming trading days.
Technical indicators:
RSI is above the centre line @62.42 else CCI is @111.71

KLCI LEVELS
Support 1	1852
Support 2	1840
Support 3	1825
Resistance 1	1872
Resistance 2	1885
Resistance 3	1899

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Singapore SGX: Technical View Of STI

Market Review:
Singapore shares continue the down trend and traded below 3000 mark and closed well below this level.

Market forecast:

• STI opened with gap down @ and crossed its major support level and took support multiple support zone of 2989-2985 mark and closed near to day low with loss of 1.20%.
• STI crossed its 3000 mark and traded below this level whole day and closed @ 2990 mark just near to day low, for this bearish move STI made a candlestick pattern called long black line; this is a single and highly bearish candle.
• As STI crossed its 3020 mark so we expect more down side movement in STI and it can touch 2950-2920.

 

STRAITS TIME LEVELS		STI Day Performance
Support 1	2970	Open	3011.41
Support 2	2950	High	3015.16
Support 3	2930	Low	2989.00
Resistance 1	3015	Close	2990.95
Resistance 2	3035	Change(Points)	-36.27
Resistance 3	3055	% Change	-1.20
		Volume	1488.1M
		Rise	126
		Fall	245
		Unch	415

Support:
STI having immediate support @ 2970 level and below this level it can take support @2950-2930 will be the support zone for STI.

Resistance:
STI having immediate Resistance @3015 and above this level it may take resistance @ 3035-3055.

Technical indicators:
Technical indicators MACD, RSI and CCI are turning.

Important Factor for today:
China’s official non-manufacturing Purchasing Managers’ Index (PMI) fell to 53.4 in January from December's 54.6, putting further strains on the market, as pressures from the massive sell-off in emerging markets show little sign of abating.

Top 5 Gainers			Top 5 Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
DBS	16.54	0.42	JSH 500US$	31.32	-3.63
ComfortDelGro	1.94	0.26	Genting SP	1.34	-2.9
Capitaland	2.76	0	HKLand US$	5.86	-2.66
Noble Grp	0.95	0	CapMallsAsia	1.715	-2.56
Wilmar	3.11	-0.32	JMH 400US$	52.35	-2.3

Important factor to watch this week 3rd to 7th Feb 2014:
S'pore Jan PMI
S'pore Jan foreign reserves
US Jan employment situation
 Corporate Action & Result Calendar as on 4th Feb 2014

Company Name	Type	Expiry Date	Record Date	Date Paid/Payable	Particulars
CDL HOSPITALITY TRUSTS	DIVIDEND	04 Feb 2014	06 Feb 2014	28 Feb 2014	010713 - 311213 SGD 0.0093 TAX EXEMPT
CDL HOSPITALITY TRUSTS	DIVIDEND	04 Feb 2014	06 Feb 2014	28 Feb 2014	010713 - 311213 SGD 0.0463 LESS TAX
FRASER AND NEAVE, LIMITED	DIVIDEND	04 Feb 2014	06 Feb 2014	18 Feb 2014	SGD 0.12 ONE-TIER TAX
FRASERS CENTREPOINT LIMITED	DIVIDEND	04 Feb 2014	06 Feb 2014	18 Feb 2014	SGD 0.0173 ONE-TIER TAX
STI ETF	DIVIDEND	04 Feb 2014	06 Feb 2014	20 Feb 2014	SGD 0.043 ONE-TIER TAX
TRIYARDS HOLDINGS LIMITED	DIVIDEND	04 Feb 2014	06 Feb 2014	18 Feb 2014	SGD 0.02 ONE-TIER TAX

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Technical Analysis on Singapore STI: Weekly Report

Weekly wrap of STI:

Singapore shares ended lower for January 2014 tracking falls in the wider region after manufacturing data from China disappointed and the U.S. Federal Reserve made another cut to bond buying. (Trading Tips)

Week starts with huge gap @ 3038.99 and then it made week High @ 3068.05 and then it fell badly again and took support on week low of 3012.26 and finally closed 3021.98 with loss of 54.81 points down by 1.76% wow basis.

STRAIT TIMES WEEKLY WRAP
OPEN	3038.99
HIGH	3068.05
LOW	3012.26
CLOSE	3021.98
CHANGE (In Points)	-54.81
% CHANGE	-1.76%

Macroeconomic factors:

• Singapore December M1 Money Supply Rises Marginally to S$154.60 Bln.

• Singapore inflation eased at averaged 2.4 % for the whole of 2013, "sharply lower" than the 4.6 % in 2012, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said in a joint statement on Thursday.

Market Forecast for week ahead:

• STI faced free fall in this week, fell below its 200 week MA level of 3021.69 and looking more week.
• STI formed candlestick pattern called Falling Window as opened with huge gape, so made a window between previous week low and this week high level and this difference called Falling window. This pattern is bearish pattern and can move more down side.
• For the coming week we can expect some more downward if STI will continue to sustain below 3015 and next level for bearish move will be 61.8% retracement i.e. 2975 level.
• Singapore Purchasing Managers' Index (PMI) will be announce on 5^th Feb 2014.

S 1	S 2	S 3	R 1	R 2	R 3
3015	2975	2950	3050	3075	3095

STI Resistance:

• STI having Resistance @ 3050 and above this level it may take resistance from 3075-3095 levels. (free trading Signals)

STI Support:

• STI having nearest support @ 3015 below this 2975-2950 will be the support area for market. (Trading Tips)

Technical Indicators:

Technical indicators are in downtrend .MACD, RSI and CCI all are moving down.

Corporate Action & Result Calendar as on 3^rd Feb 2014

Company Name	Type		Expiry Date	Record Date	Date Paid/Payable	Particulars
SIA Engg	3rd Quarter Results
GDS GLOBAL LIMITED	DIVIDEND	03 Feb 2014		05 Feb 2014	24 Feb 2014	SGD 0.007 ONE-TIER TAX
MERMAID MARITIME PUBLIC CO LTD	DIVIDEND	03 Feb 2014		05 Feb 2014	21 Feb 2014	USD 0.0086 LESS TAX

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Singapore SGX: STI Technical Analysis

Weekly wrap of STI:

STI were struggling to cross its previous week high but can’t able to cross that level and traded in a same range however closed down from opening.

Week starts with higher opening @ 3150.74 levels and then it fell down and made week low at 3115.80 below 3120 support level. After taking support on lower levels it recovers and made high of 3155.89 and then closed at 3147.33 with gain of 3.51 points up by 0.11% wow basis.

Macroeconomic factors:

Singapore's non-oil domestic exports (NODX) beat expectations to grow 6 % year-on-year in December, turning around from a revised 8.9 % fall in November to stage its strongest rise in more than a year.

Month-on-month, the NODX also rose a seasonally-adjusted 9.2 % in December, reversing November's 4.2% contraction. This too, beat the median forecast of 2.8%.

Market Forecast for week ahead:

• STI faced tremendous resistance at its 3155 level this week, didn’t crossed this high. Faced selling pressure at higher levels and crossed support level.

• STI formed candlestick pattern called Tweezers top, where 2 consecutive candles shares a same level of High and cant able to cross this high. Here in STI faced resistance @ 3153-3155 mark from last 2 weeks and cant able to sustain above this. The Tweezers Top reversal pattern is extremely helpful because it visually indicates a transfer of power and sentiment from the bulls and the bears.
• For the coming week we can expect some more upward move if it will maintain above 3155 levels than it could touch 3190-3220 mark and on the other side if STI crossed its 3120 mark then we will see more downside movement.

STI Resistance:

• STI having Resistance @ 3155 and above this level it may take resistance from 3175-3190 levels.

STI Support:

• STI having nearest support @ 3120 below this 2995-2965 will be the support area for market.

Technical Indicators:

Technical indicators are in downtrend .MACD, RSI and CCI all are recovering.

S1	S2	S3	R 1	R 2	R 3
3020	2995	2965	3155	3175	3190

STRAIT TIMES WEEKLY WRAP
OPEN	3150.74
HIGH	3155.89
LOW	3115.80
CLOSE	3147.33
CHANGE (In Points)	+3.51
% CHANGE	+0.11%

Weekly Technical view on STI

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Singapore SGX: Technical View on STI

Market Review:
Singapore Equities opened with good gap and closed higher than previous days close.
Singapore shares open above resistance level of 3065 @ 3073.07 and then it made day high @ 3077.71 and traded whole day above opening level but end of the day it fell below this mark and closed @ 3067.57 after making day low 3063.38 with gain of 13.80 points down by 0.45%.
Some 2.53 billion shares, valued at S$791.4 million were traded. Gainers numbered 222 while losers numbered 157.

STRAITS TIME LEVELS
Support 1	3040
Support 2	3015
Support 3	2990
Resistance 1	3075
Resistance 2	3095
Resistance 3	3120

Market forecast:
STI again traded in very narrow range but closed with gait opened with good gap. as investors are cautious about upcoming FED meeting.
STI again formed a small candlestick as it was very narrow range trading, but the positive thing is STI closed above resistance level of 3065.
As per the technical outlook of STI, currently it is in bearish trend and also crossed its major support zone 3065. So for further improvement in trend STI need to maintain it self above 3165 mark.

Support:
STI having immediate support @ 3040 level and below this level it can take support @3015-2990 will be the support zone for STI.

Resistance:
STI having immediate Resistance @3075 and above this level it may take resistance @ 3095-3120

Technical indicators:
Technical indicators MACD, RSI and CCI are turning lower.

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SINGAPORE SGX: Technical view on Straits Time Index (12 Dec)

Market Review:

Singapore Index extended losses for a 7th session, down 0.7% at their lowest close since September 2013.while most Asian share markets lurched lower as investors booked profits on a range of once-crowded positions, largely to the benefit of bonds and the detriment of the U.S. dollar.

Singapore shares open @ 3077.16 and then it made day high @ 3082.43 but can’t able to sustain this level and fell down badly crossed major support zone of 3065 and made day low @ 3056.55 also closed at 3060.74 with loss of 20.98 points down by 0.68%.

Some 1.43 billion shares, valued at S$1.06 billion were traded. Gainers numbered 106 while losers numbered 289.

STRAITS TIME LEVELS
Support 1	3040
Support 2	3015
Support 3	2990
Resistance 1	3095
Resistance 2	3120
Resistance 3	3140

 Market forecast:

STI trading below its 3 months lower levels and today it closed below support level of 3065 mark, which is bearish sign for market.

STI again formed a long black candlestick pattern which opens on day high or near to day high and closed at day low, all day bears were dominate bulls and finally win the battle for a day. This single candle is bearish in nature and shows more down trend in near future.

As per the technical outlook of STI, currently it is in bearish trend and also crossed its major support zone 3065. So for further improvement in trend STI need to maintain it self above 3165 mark.

Support:

STI having immediate support @ 3040 level and below this level it can take support @3015-2990 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3095 and above this level it may take resistance @ 3120-3140

Technical indicators:

Technical indicators MACD, RSI and CCI are turning lower.

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SGX Updates: Technical view on STI for 10th Dec

Market Review:

Singapore Index STI were stable after a 4 straight days losing streak, supported by positive sentiment in the regional market after China released upbeat trade data.

STRAITS TIME LEVELS
Support 1	3095
Support 2	3065
Support 3	3040
Resistance 1	3130
Resistance 2	3150
Resistance 3	3165

Singapore shares open @ 3122.14 and then it made day high @ 3126.01 but can’t able to sustain this level and fell down. Took support at 3108.18 level and also closed on lower levels with loss of 0.530 points @3113.64 down by 0.02%

Some 2.35 billion shares, valued at S$1.01 billion were traded. Gainers numbered 210 while losers numbered 186.

Market forecast:

STI trading below its support line of triangle pattern and continuously crossing all support level which is bearish signal for coming days.

As per the technical outlook of STI , currently it is in bearish trend and also crossed its ajor support zone 3100 in last week. So for further improvement in trend STI need to maintain it self above 3165 mark.

Support:

STI having immediate support @ 3095 level and below this level it can take support @3065-3040 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3130 and above this level it may take resistance @ 3155-3165

Technical indicators:

Technical indicators MACD, RSI and CCI are turning lower.

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Singapore Stock Market: Today’s Technical view on STI

Singapore share prices opened higher on Wednesday with the Straits Times Index down 11.44 points to 3,176.23. Volume was 42.6 million shares worth S$58.1 million. Losers outnumbered gainers 67 to 35. It’s rose by noon with the Straits Times Index down 3.81 points to 3,183.86. Volume was 630.4 million shares worth S$316.9 million. Losers outnumbered gainers 199 to 81.
Market Review:
Singapore equities open flat and closed in negative numbers.
Singapore shares open @3181.90 levels which is lowest level of the day and then STI took support at this level and made day high @ 3197.09 and finally closed @ 3187.67 with loss of 1.090 points down by 0.03%.
Some 1.39 billion shares, valued at S$851.7 million were traded. Gainers numbered 166 while losers numbered 237.

STRAITS TIME LEVELS
Support 1	3160
Support 2	3145
Support 3	3125
Resistance 1	3205
Resistance 2	3215
Resistance 3	3235

Market forecast: 
STI took support at its up slopping trend line, which made by higher lows and STI closed with good gain. Also STI closed above its 50 & 200 day MA level.
As we mention in our weekly report that STI trading within a symmetrical triangle and also maintain itself to be within a formation so we can expect some recovery if it will maintain the same.
STI trading at support levels and taking halt @ 3162-3165 levels, so we can consider this level as a multiple support zone.

Support:
STI having immediate support @ 3160 level and below this level it can take support @3145-3125 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3205 and above this level it may take resistance @ 3215-3235
Technical indicators:
Technical indicators MACD, RSI and CCI are turning from lower.

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