Posts Tagged ‘sgx singapore’

Market Review for STI: The Straits Times Index (STI) stumbled right off the blocks to slip 15.61 points or 0.46 per cent at 3,382.65 Singapore stocks continue their downward slide following a slump in US equities, after the dollar gained amid speculation the Federal Reserve is moving closer to raising interest rates.sti chart
STI Day Performance
Open: 3380.67
High: 3391.82
Low: 3369.42
Close: 3379.57
Change(Points): -18.69
% Change: -0.55%
Volume: 1255.3M
Rise: 106
Fall: 278
Unch: 401
Market forecast for STI: STI has covered its previous gap so we may expect bullish rally in next trading session.
Straits Time Levels
Support 1: 3360
Support 2: 3340
Support 3: 3320
Resistance 1: 3440
Resistance 2: 3456
Resistance 3: 3480
Technical Indicators: RSI is at 43 and CCI is at -221.
Top Gainers:,,,, genting
Top Losers: jardine c&, jsh, jmh,,
Important Factor for today:

  • Asian stocks fell to a two-month low on Wednesday as nervous markets recoiled on worries about an earlier US interest rate hike, while such a prospect helped send the dollar to a 12-year high against the euro.
  • Food Company Del Monte Pacific Limited (DMPL) was hit by a US$2.2 million net loss in its financial third quarter ended January 31, 2015, due mainly to acquisition expenses.
  • Frasers Hospitality, the hospitality arm of Frasers Centre point Group, has opened its third property, Fraser Residence Kuala Lumpur.
  • Gold hovered near its lowest in over three months hurt by consecutive losses in the last seven sessions as a robust dollar and expectations of higher US interest rates curbed appetite for the metal.
  • Sembcorp Industries said that it is not in talks to acquire a 1,440 megawatt power plant in Odisha, India, from the GMR group. 
  • Noble Group declined to its lowest level in 17 months, wiping out gains since the commodities trader rejected criticism of its.
  • A RETURN to risk-on mode or interest rate-related volatility may result in capital flight from the Singapore real estate investment trust (S-Reit) sector. If this happens, it would be a better opportunity to buy Reits, compared to the current situation where valuations are expensive.
Weekly wrap of STI:
STI were struggling to cross its previous week high but can’t able to cross that level and traded in a same range however closed down from opening.
Week starts with higher opening @ 3150.74 levels and then it fell down and made week low at 3115.80 below 3120 support level. After taking support on lower levels it recovers and made high of 3155.89 and then closed at 3147.33 with gain of 3.51 points up by 0.11% wow basis.
Macroeconomic factors:
Singapore’s non-oil domestic exports (NODX) beat expectations to grow 6 % year-on-year in December, turning around from a revised 8.9 % fall in November to stage its strongest rise in more than a year.
Month-on-month, the NODX also rose a seasonally-adjusted 9.2 % in December, reversing November’s 4.2% contraction. This too, beat the median forecast of 2.8%.
Market Forecast for week ahead:
  • STI faced tremendous resistance at its 3155 level this week, didn’t crossed this high. Faced selling pressure at higher levels and crossed support level.
  • STI formed candlestick pattern called Tweezers top, where 2 consecutive candles shares a same level of High and cant able to cross this high. Here in STI faced resistance @ 3153-3155 mark from last 2 weeks and cant able to sustain above this. The Tweezers Top reversal pattern is extremely helpful because it visually indicates a transfer of power and sentiment from the bulls and the bears.
  • For the coming week we can expect some more upward move if it will maintain above 3155 levels than it could touch 3190-3220 mark and on the other side if STI crossed its 3120 mark then we will see more downside movement.
STI Resistance:
  • STI having Resistance @ 3155 and above this level it may take resistance from 3175-3190 levels.
STI Support:
  • STI having nearest support @ 3120 below this 2995-2965 will be the support area for market.
Technical Indicators:
Technical indicators are in downtrend .MACD, RSI and CCI all are recovering.
S1 S2 S3 R 1 R 2 R 3
3020 2995 2965 3155 3175 3190
OPEN 3150.74
HIGH 3155.89
LOW 3115.80
CLOSE 3147.33
CHANGE (In Points) +3.51
% CHANGE +0.11%
Weekly Technical view on STI

Market Review: STI recovers from its yesterday’s losses and closed with good recovery above 3135 level.
Technical view on STI 

STI Day Performance
% Change
  Market forecast:
STI opens with gap up @ 3131 level above its yesterday’s close, the gap window made by yesterdays close and todays open of almost 10 points.
Today STI formed a candlestick pattern called belt hold, which is a long white candle who does not have lower shadow but having a small upper shadow it opens low and closed near to day high as formed a small upper shadow. Belt Hold candle is a single candle which is highly bullish candlestick pattern.
For the coming days STI have to maintain above its 3120-3140 mark, if STI maintain this level then we can upside move soon, on the other side if it would not be able to maintain this than index can lose more.
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
STI having immediate support @ 3120 level and below this level it can take support @3105-3090 will be the support zone for STI.
STI having immediate Resistance @3155 and above this level it may take resistance @ 3175-3195
 Technical indicators:
Technical indicators MACD, RSI and CCI are turning down.
Top 5 Gainers
Scrip Name CMP %change
Jardine C&C
JSH 500US$
JMH 400US$
Top 5 Losers
Scrip Name CMP %change
SIA Engg
ST Engg
Home-buying sentiment turns extra cautious. According to Colliers International, overall private residential property prices are expected to at most slip by 5% in 2014, following 2013’s moderated 1.2% increase.
Corporate Action as on 16th January 2014
Company Name Type Expiry Date Record Date Date
Westminster EGM        
AIMSAMPI Reit EGM        
Stock for 16th January 2013:
HPH TRUST US$: stock is taking resistance @ 0.680 mark from 8 weeks this level is 50 day MA mark. If this will cross 0.68 marks then it will touch 0.750-0.800 in coming days.
HPH TRUST US$ is in consolidation phrase after taking support at lower levels so indicators are already in bullish zone.
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
CHANGE (In Points)
Weekly Technical view on STI
Weekly wrap of STI:
 Week starts on positive node but after some range bound movement, Index crossed its support level and fell badly below its 3 month lower level Singapore underperforming the region as fears over a possible reduction in the U.S. Federal Reserve’s stimulus dented the sentiment and U.S. job data.
Week starts @3177.87 and then it recovers some point and made week high @ 3197.09 and it faced resistance at that level and fell badly breaching all the support level and made week low below 3100 @ 3098.80 and finally closed @ 3114.17 with loss of 62.17 points down by 1.96% wow basis.
Market Forecast for week ahead:
  • STI closed below its 3 months lower level after making low below 3100 mark. On the weekly graph STI traded below 50 week MA level.
  • STI given breakout from its technical pattern called symmetrical triangle and closed below this, as it was taking support its 3160 mark since long and now it traded below this level which is bearish.
  • STI crossed its 3100 mark, but closed above 3100, for the coming days if STI maintain above 3160 mark then it can be recover.
STI Resistance:
  • STI having Resistance @ 3160 and above this level it may take resistance from 3195-3235 levels.
STI Support:
  • STI having nearest support @ 3095 below this 3065-3035 will be the support area for market.
 Technical Indicators:
  • Technical indicators are in downtrend .MACD, RSI and CCI all are in down territory.


Market Review:
STI shares fell on the 4th continuous day, and closed well below the 50 & 200 day MA levels after minutes of the US Federal Reserve’s October meeting indicated possible stimulus withdrawal at one of its next few meetings
Singapore shares open with gap down @ 3175.70 and then just made day high @3176.76 and then it traded lower side and made day low @ 3158.40 and then it recovers and closed @3172.38 with loss of 11.85 points down by 0.37%
Some 1.44 billion shares, valued at S$948.3 million were traded. Gainers numbered 136 while losers numbered 271.
Singapore raised its full-year growth forecast for 2013 to between 3.5 and 4.0 % after third-quarter GDP grew 5.7 % from a year ago, helped by further signs of a recovery in manufacturing and continued strength in services.

Market forecast:
STI closed below its 50 & 200 day MA level and also closed with recovery.
STI formed a candlestick pattern called “Hammer” A hammer is a type of bullish reversal candlestick pattern, made up of just one candle, The candle looks like a hammer, as it has a long lower wick and a short body at the top of the candlestick with little or no upper wick. here the hammer form in a downtrend this is a sign of a potential reversal in the market as the long lower wick represents a period of trading where the sellers were initially in control but the buyers were able to reverse that control and drive prices back up to close near the high for the day, thus the short body at the top of the candle.
After seeing this chart pattern form in the market most traders will wait for the next period to open higher than the close of the previous period to confirm that the buyers are actually in control.
Two additional things that traders will look for to place more significance on the pattern are a long lower wick and an increase in volume for the time period that formed the hammer.

STI having immediate support @ 3155 level and below this level it can take support @3135-3115 will be the support zone for STI.

STI having immediate Resistance @3195 and above this level it may take resistance @ 3215-3235

Technical indicators:
Technical indicators MACD, RSI and CCI are turning from lower.

Technical view on STI


Support 1


Support 2


Support 3


Resistance 1


Resistance 2


Resistance 3


Technical Levels

Commodity Support 1 Support 2 Resistance 1 Resistance 2
Gold 1310 1305 1320 1327
Silver 21.59 21.36 21.85 22.03
Copper 3.259 3.250 3.270 3.385
Crude 94.33 94.04 94.90 95.21
Commodity Contract S3 S2 S1 R1 R2 R3
The gold market waffled around unchanged early this morning but seemed to catch a bit of a bid into mid session. 
With modest weakness in the Dollar, higher equities and countervailing US scheduled data, the gold market was lucky to have come away with a slightly positive bias this morning. Factory orders were a touch weaker than expectations, while the ISM New York current Business Index showed a fairly significant jump. All things considered, the magnitude of the rise in the regional ISM might have countervailed some of the major headline status of the Factory orders results. This morning Gold did manage to rally in the face of the ISM improvement and then it fell back somewhat in the wake of the weaker factory orders report! In other words, gold seemed to need positive US data to rally this morning and that would seem to fly in the face of gold’s patterns last week.
December silver fell back into the US scheduled data window and then recovered 9 cents in the face of the stronger than expected ISM report. 
Unfortunately December silver also fell back in the wake of the slightly softer than expected US Factory orders results. Therefore traders could suggest that silver is indeed acting like a physical commodity market in need of positive progression in the economy again and that in turn would seem to downplay the threat of tapering and the threat of adverse currency market action.
After an initial rally on Friday, December copper prices appeared for some traders to lose their initial positive tone, and finished last week roughly 4.00 cents below their weekly highs. 
Many in the market feel that the most notable development for copper last week was improved Chinese economic data and slightly better than expected US economic data. However, copper recently saw a halt in a long held pattern of daily LME exchange copper stock declines. 
In addition, there was also an increase in weekly Shanghai copper stocks at the end of last week. The market was also presented with a series of higher copper production readings from China, Mexico and South America last week. Some traders that while supply has become a slightly negative issue for the market, and hopes for improved copper demand was able to strengthen copper prices last week in the face of overt weakness in a number of other commodities
The oil complex spent time on both sides of unchanged today as the market continues to digest bearish US oil fundamentals and technicals against a backdrop of mixed external price drivers.  Equities have remained mostly in positive territory over the last twenty four hours while the US dollar Index finally was hit with a light round of profit taking selling ending the day in negative territory and thus a slightly positive price driver for the oil complex today.
Global Economic Data
Time Data Prv Exp Impact
8:30 PM ISM Non-Manufacturing PMI 54.4 54.2 High
8:30 PM IBD/TIPP Economic Optimism 38.4 41.1 Low
ISM Non-Manufacturing PMI
Source Institute for Supply Management (latest release)
Measures Level of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, on the third business day after the month ends;
Next Release Dec 4, 2013
FF Notes Above 50.0 indicates industry expansion, below indicates contraction. Source changed series from unadjusted to seasonally adjusted as of January 2001. Source changed series calculation formula as of Feb 2008;
Why Traders
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy;
Derived Via Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
IBD/TIPP Economic optimism
Source TIPP (latest release)
Measures Level of a diffusion index based on surveyed consumers;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, around the middle of the current month;
Next Release Dec 11, 2013
FF Notes Above 50.0 indicates optimism, below indicates pessimism;
Derived Via Survey of about 900 consumers which asks respondents to rate the relative level of economic conditions including six-month economic outlook, personal financial outlook, and confidence in federal economic policies;
Also Called IBD/TIPP Consumer Confidence;