SGX Stocks Updates For STI Singapore 11 Feb

Posted: February 11, 2015 in Stock Tips

Share prices opened higher with the Straits Times Index up 6.11 points to 3,440.35. Asian markets mostly rose in early trade as hopes grew for a breakthrough from crucial meetings at which Greece will try to convince its European creditors to renegotiate terms of its bailout.
Market forecast for STI:
We may expect STI will be bullish in next trading session.
Technical Indicators:
RSI is at 62 and CCI is at 95.
Important Factor for today:-

  • Lawrence Wong, head of listings at the Singapore Exchange, has been tasked to lead its China business as the bourse operator seeks to expand its international presence.
  • Iraq and Iran joined Saudi Arabia in cutting their March crude prices for Asia to the lowest level in more than a decade, signaling the battle for a share of OPEC’s largest market is intensifying.
  • Singapore Exchange Ltd, which has been struggling to attract large initial public offerings (IPOs), said it is expanding further into China and appointed its listings chief to a new position as the head of its China business.
  • Rents of private condominiums finally eked out a small gain last month as more units were leased out, after a losing streak over 11 successive months.
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