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|
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.
|STRAITS TIME LEVELS|
RSI is above the centre line @72.09 is about to move in overbought level. Where CCI is @ 130.87
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|
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.
RSI is above the centre line @62.42 else CCI is @111.71