Market Review for STI 29th Jan

Posted: January 29, 2015 in Stock Tips

Share prices opened lower with the Straits Times Index down 15.50 points to 3,403.65. Singapore shares pulled back on concerns the US Federal Reserve will proceed to raise interest rates this year despite increasingly uncertain global economic conditions, which have prompted a number of other central banks to ease monetary policies. High of the day was marked.STI
STI Day Performance
Open: 3402.37
High: 3428.39
Low: 3402.18
Close: 3415.17
Change(Points):b -3.98
% Change: -0.12%
Volume: 1136.8M
Rise: 174
Fall: 224
Unch: 392
Market forecast for STI: In US market to much volatility that’s why STI market is in consolidation face. We may expect same trend.
STI Levels
Support 1: 3373
Support 2: 3350
Support 3: 3330
Resistance 1:b 3430
Resistance 2: 3450
Resistance 3: 3480
Technical Indicators: RSI is at 64 and CCI is at 131.
Top Gainers: comfortdelgro.sg, sia.sg, keppel corp.sg, genting sing.sg, noble.sg
Top Losers: capitamall trust.sg, jsh usd.sg, hongkonglandusd.sg, golden agri-res.sg, olam intl.sg
Important Factor for today:-

  • The surprise announcement yesterday by Singapore’s central bank to slow down the appreciation of the local currency will bode well for shares of companies in the services industry as well as banks, but spell bad news for property developers, says Credit Suisse.
  •  The surprise announcement yesterday by Singapore’s central bank to slow down the appreciation of the local currency will bode well for shares of companies in the services industry as well as banks, but spell bad news for property developers, says Credit Suisse.
  •  Standard Chartered has appointed Aaron Russell-Davison as head, debt capital markets, with immediate effect.
  •  TEMBUSU Systems, a Singapore startup which in February 2014 unveiled Asia’s first Bitcoin ATM in Singapore, announced on Thursday that it has raised S$1.2 million in bridge funding for its TRUST platform.
  •  The surprise announcement yesterday by Singapore’s central bank to slow down the appreciation of the local currency will bode well for shares of companies in the services industry as well as banks, but spell bad news for property developers, says Credit Suisse.
  • The Singapore dollar continued to weaken against the US dollar following the Monetary Authority of Singapore’s (MAS) surprise easing of its monetary policy on Wednesday to slow the appreciation of the local currency.
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