Archive for June 3, 2014

Market Review for STI:
STI
opens little bit higher than the previous close @3304.06 and the close was marked @3296.4 ,the low was observed @3292.03 and the high of the day was marked @3304.19.

STI Day Performance
Open 3304.06
High 3304.19
Low 3292.03
Close 3296.4
Change(Points) -5.840
% Change -0.18%
Volume 1377.1M
Rise 179
Fall 219
Unch 385

Market forecast for STI:
STI formed a red candle for the day with a real body and a long lower shadow . This is a stick pattern .The overall trend of the market is uptrend so it is expected that STI is will move in trend .Though today it performed low but is expected to move with the major trend which is up.
Technical indicators:
CCI is @125.89 and RSI is @62.16

STI LEVELS
Support 1 3285
Support 2 3275
Support 3 3260
Resistance 1 3305
Resistance 2 3315
Resistance 3 3330

Important Factor for today:-

  • The board of directors from Oxley Holding proposed to split every two ordinary shares into three shares .This split will increase the market liquidity of the shares and broaden its shareholder base.The company has 2.98 billion issued shares, if proposal accepted then will have 4.42 billion shares .
  • YuuZoo, a Singapore e-commerce firm , plans to go public through a S$490.9 million reverse takeover of W corporation ltd.
  • The Singapore Minister for Trade and Industry Lim Hng Kiang said ,the infrastructure need to enhance the financing ecosystem’s ability to match projects with available capital .
  • China’s factory sector performed best due to the improvement in export orders ,it may be a sign of economic stability.

Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
ComfortDelGro 2.4 3 Sembcorp Ind 5.38 -1.28
Noble 1.425 1.79 Wilmar Intl 3.2 -1.24
SPH 4.19 0.48 CapitaMall Trust 2.04 -0.97
DBS 16.98 0.35 ThaiBev 0.635 -0.78
CapitaLand 3.2 0.31 CityDev 10.35 -0.77

Market Review for KLCI:
KLCI prices opens 4.41 points up @1866.37 and the close of the day was marked @1872.55 .The high of the day was marked @1872.55 and the closing was @1872.55. The market performed well than the previous day .From the current price movement the RSI is indicating the up movement while CCI indicating the trend reversal.

KLCI Day Performance
Open 1866.37
High 1872.55
Low 1866.37
Close 1872.55
Change(Points) +8.3
% Change +0.44
Volume 1470.8M
Rise 176
Fall 232
Unch 375

Market forecast for KLCI:
The KLCI formed a green candle for the day with no shadows and only a real body.The price movement for the next day may be expected to be in a price range of 1860-1890.

KLCI LEVELS
Support 1 1865
Support 2 1855
Support 3 1845
Resistance 1 1880
Resistance 2 1890
Resistance 3 1900

Technical indicators:
The CCI is marked @-15.575 and RSI is @53.153

Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
IOICORP 5.19 4.43 MISC 6.01 -2.12
HLFG 15.82 1.93 SKPETRO 4.07 -1.45
ASTRO 3.45 1.47 PBBANK 21.06 -0.38
AXIATA 6.9 1.47 IHH 4.16 -0.24
GENTING 10 1.01 UMW 10.78 -0.19
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