Singapore Market: Technical Analysis

Posted: May 26, 2014 in Stock Tips

Market Review for STI:
STI opened 5 points up @3283.76 and was in a consolidation phase throught the day , the high of 3291.83 was marked on the chart and today’s closing was @3282.88
A red candle was formed for the day with high upper shadow,small lower shadow and a small real body.

STI Day Performance
Open 3283.76
High 3291.83
Low 3278.35
Close 3282.88
Change(Points) 4.8
% Change 0.15%
Volume 1635.1M
Rise 227
Fall 170
Unch 386

Market forecast for STI:
STI closed higher than the previous day with a red candle and still continues its major trend .The volume indicates that the buyers are aggressive and may take the prices up for the next day.

STI LEVELS
Support 1 3275
Support 2 3265
Support 3 3250
Resistance 1 3290
Resistance 2 3299
Resistance 3 3315

Important Factor for today:-

  • Q & M Dental Group (Singapore) LTD announced that controlling shareholder Quan Min Holdings (QMH) and substantial shareholders, Kelvin Koh and Felicia Koh have agreed to sell a combined 10% stake to Heritas Helios Investments (HHI). The dental group has signed a call option with HHI, under this Q&M will issue 63 million new shares within a 2-year option period for a minimum exercise price of S$0.48 per share.
  • GOODPACK LTD seeking to stop trading of its shares, sparking update that KKR & Co might be close to making a takeover offer for the Singapore-listed packaging company.
  • HANKORE Environment Tech Group announced that China Ever bright Water Investments Limited (CEWIL) is about to start its waste water treatment operations into the company.
Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
HPH Trust USD 0.735 2.08 Scrip Name CMP %change
SingTel 3.87 0.78 ComfortDelGro 2.31 -2.94
Noble 1.32 0.76 CapitaLand 3.18 -0.94
Sembcorp Marine 4.06 0.74 Jardine C&C 45.06 -0.62
UOB 22.5 0.67 HongkongLand USD 7.04 -0.56

Market Review for KLCI:
Today KLCI opened down @1868.23 from its previous close of 1869.22.The major trend is up but from the past five days the trend is down and followed the same trend today made a low of 1862.27 and high of 1871.14.

KLCI Day Performance
Open 1868.23
High 1871.14
Low 1862.27
Close 1862.8
Change(Points) -6.4
% Change -0.34%
Volume 1440.7M
Rise 272
Fall 520
Unch 834

Market forecast for KLCI:
A red candle was formed for the day with a small lower shadow a real body and a upper shadow which shows that the bearish trend is still in continuation .It is expected to continue its trend for the next day .

KLCI LEVELS
Support 1 1855
Support 2 1845
Support 3 1835
Resistance 1 1870
Resistance 2 1880
Resistance 3 1890

 

Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
TM 6.31 1.61 MAXIS 6.66 -3.48
DIGI 5.45 0.93 PPB 15.78 -1.99
PETGAS 24.5 0.66 IOICORP 4.95 -1.98
YTL 1.74 0.58 ASTRO 3.44 -1.71
GENM 4.24 0.47 FGV 4.54 -1.3
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