SGX Daily Technical Analysis Report

Posted: May 19, 2014 in Stock Tips

Market Review for STI:
STI performed in a mixed sentiments today as opened at 3262 where buyers and sellers were not able to take the market in one direction so the open & close were almost the same with a high of 3268.92 & low was @ 3252.48.

STI Day Performance
Open 3262
High 3268.92
Low 3252.48
Close 3262.43
Change(Points) -0.16
% Change 0%
Volume 2134.9M
Rise 224
Fall 194
Unch 365

Market forecast for STI:
STI formed Doji candle for the day where the very little body was formed with same open & close we expect some recovery in STI in tomorrow’s session.
Technical indicators:
RSI is above the centre line @57.29, where CCI @48.12.

STI LEVELS
Support 1 3255
Support 2 3245
Support 3 3235
Resistance 1 3270
Resistance 2 3280
Resistance 3 3290

Important Factor for today:-

  • MAPLETREE Investments Pte Ltd announced a net profit of S$859.4 million, which went down to 7.8 per cent from a year ago.
  • SHARES of STATS ChipPAC is in heavy trade this morning, a third party acquired the Temasek-linked semiconductor packaging and testing services company.
  • SINGTEL looking forward to buy back up to 594,965 shares under the telco’s performance share plan.
  • City Developments Limited (CDL) sold most of its launch units in the Coco Palms project over the weekend after trimming the price tag.
  • SMRT Corporations increased the amount of notes to S$1.3 billion, up from S$1 billion that may be issued under its multi-currency medium term note programme.
  • OCBC Bank is planning to scatter S$3 million to its employees as first pay-out under the Wage Credit Scheme (WCS).
Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
Noble 1.315 3.95 Golden Agri-Res 0.575 -1.71
ComfortDelGro 2.31 1.32 JMH 400 USD 60.6 -1.3
Jardine C&C 45.19 1.3 HongkongLand USD 6.96 -1.14
Wilmar Intl 3.23 0.94 JSH 500 USD 34.6 -1.14
Global Logistic 2.84 0.71 CityDev 10.28 -0.68

Market Review for KLCI:
Today KLCI opened at 1884.88 and took upside, made a high of 1889.47. else the low of day was near to open price @1884.47 and closed @1887.07.

KLCI Day Performance
Open 1884.88
High 1889.47
Low 1884.31
Close 1887.07
Change(Points) 3.730
% Change 0.20%
Volume 2324M
Rise 413
Fall 382
Unch 834

Market forecast for KLCI:
KLCI formed a inverted hammer candle for the day and took a good upside as the trend line is formed with the higher highs and higher lows, for tomorrow we expect some upside in KLCI.

KLCI LEVELS
Support 1 1880
Support 2 1870
Support 3 1860
Resistance 1 1895
Resistance 2 1905
Resistance 3 1915

Technical indicators:
RSI is about to enter in the overbought phase, is @71.74 where the CCI is @214.07

Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
ASTRO 3.47 2.36 PETDAG 26.3 -2.16
TM 6.58 2.02 DIGI 5.42 -1.27
IHH 4.15 1.22 MISC 6.42 -0.93
TENAGA 12.2 1.16 SKPETRO 4.28 -0.7
RHBCAP 8.36 1.09 GENTING 9.8 -0.61
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