Singapore Stock Market Updates in Technical Analysis

Posted: May 21, 2014 in Uncategorized

Market Review for STI:
STI opened down by 5 points @ 3260.27 then it made a low of 3254.54 and took support with the closing at 3261.78.

STI Day Performance
Open 3260.27
High 3262.31
Low 3254.54
Close 3261.78
Change(Points) -3.96
% Change -0.11%
Volume 1149M
Rise 188
Fall 188
Unch 409

Market forecast for STI:
A Green candle was formed for the day with a small real body and no upper & little lower shadow. A Hammer pattern was formed for the day. we expect some consolidate range for tomorrow.

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

Important Factor for today:-

  • Yoma Strategic faced a 45% drop in Q4 net profit to S$6.4 million with rise in revenue of 34% to S$27.5 million, supported by sales of residences and land development rights.
  • Singapore’s central bank has warned investors about the risks posed by buying property overseas, as high house prices results in growing a number of its residents to invest in real estate abroad.
  • ComfortDelgro and SMRT may face competition in Singapore’s taxi market as new entrants like GrabTaxi and MoobiTaxi armed with their app-based business models that channel passengers to taxi drivers, may be beneficial to all operators in the long run.
  • TA Corporations (Property & Construction Group) announced a secured land tender for a 9,200-bed worker accommodation facility for S$113.9 million.
  • Today Two Marine companies announced secured contracts. Sembcorp Marine’s unit, Jurong Shipyard, has secured a US$236 million (S$296 million) contract with Hercules North Sea Ltd.
  • VALUETRONICS counters and Phillip capital extended gains Yesterday afternoon.
Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
SIA 10.3 1.08 ComfortDelGro 2.3 -3.36
DBS 17 0.95 Global Logistic 2.8 -1.41
Sembcorp Marine 3.98 0.76 JMH 400 USD 59.59 -1.01
Keppel Corp 10.66 0.66 UOB 22.45 -0.8
CapitaLand 3.14 0.64 Genting Sing 1.33 -0.75

Market Review for KLCI:
Today KLCI opened flat today at 1881.83 and closed at 1887.03 where the low of the day was 1874.14 where the high was marked at 1882.27.

KLCI Day Performance
Open 1881.83
High 1882.27
Low 1874.14
Close 1887.03
Change(Points) -4.13
% Change -0.22%
Volume 1878M
Rise 293
Fall 502
Unch 833

Market forecast for KLCI:
A Long Red Candle was formed for the day, KLCI was in a down trend from last two days and a hammer candle was formed for the day.

KLCI LEVELS
Support 1 1880
Support 2 1870
Support 3 1860
Resistance 1 1895
Resistance 2 1898
Resistance 3 1908

We expect some pull back for tomorrow.

Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
YTL 1.77 4.12 PETDAG 23.7 -4.36
ASTRO 3.41 0.89 FGV 4.53 -1.09
PETGAS 24.18 0.58 MAYBANK 9.9 -0.7
GENTING 9.81 0.51 TENAGA 12.2 -0.65
IOIPG 2.64 0.38 PBBANK 19.76 -0.5
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