Singapore Stock Market Technical Review 22nd Jan

Posted: January 22, 2015 in Stock Tips

Market Review for STI: Share prices opened flat on Thursday with the Straits Times Index down 2.39 points to 3,352.07. Singapore shares are likely to head higher on news that the European Central Bank will proceed with a massive bond buying programme to shore up the flagging euro zone economy. A surprise move by the Bank of Canada to cut interest rates, its first reduction in almost six years, is also expected to bolster expectations among investors that central banks worldwide will continue with efforts to help boost economic activity.  TRADING TIPS
Market forecast for STI: We may see bullish trend, if STI cross the level of 3385.
Technical Indicators: RSI is at 56 and CCI is at 103
Important Factor for today:-

  • Oil prices dipped early on Thursday ahead of the expected announcement of a bond-buying programme by the European Central Bank (ECB) later in the day that could push the dollar to new highs and put downward pressure on commodities
  • Singapore Exchange Ltd, Southeast Asia’s biggest bourse, plans to start trading Chinese equity-index options as investors seek ways to hedge risks in the world’s most volatile stock market
  • Two Singapore companies have made it to the ranks of the world’s 100 most sustainable companies again in a global ranking.
  • Weak global market conditions have caused food and beverage company Del Monte Pacific to defer an international offering of up to US$360 million worth of preference shares.
  • Shares of Singapore Exchange slipped as much as 2.3% despite a decent set of December-quarter results from the bourse operator, as investor sold into strength amid concerns that growth may not be sustainable.
  • Singapore’s prime office rents are set to extend gains this year as the number of new properties coming onto the market is limited, according to Capita Commercial Trust Management (CCTM).

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s