Posts Tagged ‘stock market’

Market Review for STI:
China’s stocks rose to its biggest gain in a week as renewed economic optimism showed that new equity sales will divert from existing shares. China’s manufacturing Purchasing Manager’s Index from HSBC Holdings Plc and Markit Economics rose to 50.8. Singapore has expanded economic co-operation with Russia. Besides, Singapore’s increased inflation rate by 2.7% may boost share prices.

STI Day Performance
Open 3258.28
High 3269.17
Low 3256.17
Close 3262.03
Change(Points) 4.630
% Change 0.14%
Volume 1592.5M
Rise 231
Fall 168
Unch 693

Market forecast for STI:
After moving down over last week, Singapore Share prices opened near previous close with STI up 0.88 points to 3258.280. It formed an inverted hammer pattern for the day by making high at 3269.170. The whole day range was 12.67 points by making low at 3256.500 and closed at 3262.030. Green candlestick pattern showed that buyer’s sentiments dominated sellers. A bullish reversal is anticipated as it covered prices range under rounded top pattern for more than a month and inflation in Singapore may put further trajectory.
Technical indicators:
RSI stood below the centre line at 46.484 with its CCI at-125.18. Difference line of MACD performed at 5.189 which lied below its signal line which performed at 8.386.

STI LEVELS
Support 1 3246
Support 2 3236
Support 3 3221
Resistance 1 3279
Resistance 2 3289
Resistance 3 3304

Important Factor for today:-

  • Yoma Strategic Holdings has received an acquisition offer of 70% of land in Pun Hlaing Golf Estate (PHGE).
  • R H Energy is under the reverse takeover by Chiway Land Group to get listing on SGX.
  • Olam International reported a partnership with Mitsubishi Corporation of Japan (MC) to grow its Australian grains business for the investment of US$80 million to take an 80% equity stake in Olam’s wholly-owned subsidiary, Olam Grains Australia (OGA).
  • Nam Cheong sold two accommodation work barges worth US$84 million to repeat customer Perdana Petroleum BHD.
  • Singapore’s inflation rose to 2.7% in May.
Top Gainers Top Losers
Scrip Name CMP %change Scrip Name CMP %change
ComfortDelGro 2.5 2.88 HongkongLand USD 6.58 -1.05
SIA Engineering 5.09 1.6 Ascendas Reit 2.27 -0.87
CityDev 10.35 1.07 HPH Trust USD 0.715 -0.69
Golden Agri-Res 0.565 0.89 Olam Intl 2.44 -0.41
SingTel 3.83 0.79 Global Logistic 2.66 -0.38

Weekly Technical view on STI
Weekly wrap of STI:
This was the good week for STI & it made a Green candle for this week continuing the bullish trend of last week as there was a gap up opening of around 8 points in this week.
STI cover the range of 34 points for this week. A spinning top candle was formed for this week and with a short real body. As the whole week was full of Q1 result & dividend distributed by the counters so the bullish trend is expected in the coming week.

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
3250 3230 3200 3280 3300 3330

Macroeconomic factors:
Singapore consumer price or inflation rose by 1.2% in March, where food inflation rose by 2.9% & health care inflation by 3.4%A fall of 22% reported in net profit of Singapore Exchange a net profit of S$ 75.8 million was reported
Gerard Ee elected as a President of Institute of Singapore Chartered Accountants.
CapitaMall Asia made a jump of 2.8% to S$75.3 million in Net Profit for 1Q 2014.
RH Perto Gas Investments proposed sale of 49% Stake in RHP for US $ 2.79Million
Shares in Catalist listed SHC Capital Asia surged on Monday that it is discussing a sale of its core insurance business
Market Forecast for week ahead:
The market is moving in the uptrend and is supported by the good volume the technical indicators are also positive for the next week. The expected range for the coming week of STI would be 3250- 3300.
In the coming week there will be many counters like MapleTree, ThaiBev,SGX, CapitaMalls Asia, OCBC Bank and many more which will be delivering there dividend so the fundamental will be supportive for the up move of STI.

STRAIT TIMES WEEKLY WRAP
OPEN 3260.78
HIGH 3284.70
LOW 3250.09
CLOSE 3267.57
CHANGE (In Points) 13.77
% CHANGE 0.42 %

Technical Indicators:
Technical Indicators are showing the uptrend where RSI is above the centre line @52.27 else CCI is @ 181.57 which means that there is still a fair move for STI to take upside.
Weekly Technical view on KLCI
Weekly wrap of KLCI:
KLCI opened at 1851.61 for this week, took the uptrend and made a high of 1870.89 and closed at 1860.98 for this week. A green candle was formed for this week. For this week KLCI make a movement of almost 20 points.
A Inverted hammer Pattern was formed for this week with a long real body and a long upper shadow. 20 Days EMA is @1830 where the 50 Days EMA is @ 1792.

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
1845 1825 1800 1875 1890 1915

Market Forecast for week ahead:
KLCI is performing at its peak and is able to sustain itself form last three week so it can be said that now it is above the crucial level and expected to break the resistance.
Technical Indicators:
Technically KLCI is having a bullish trend on the chart where CCI is @121.03 & RSI is about to enter in the overbought range @62.83

KLCI WEEKLY WRAP
OPEN 1851.61
HIGH 1870.89
LOW 1849.68
CLOSE 1860.98
CHANGE (In Points) 8.29
% CHANGE 0.44 %

Weekly Technical view on STI
Weekly wrap of STI:
This was the good week for STI & it made a Green candle for this week continuing the bullish trend of last week as there was a gap up opening of around 8 points in this week.
STI cover the range of 34 points for this week. A spinning top candle was formed for this week and with a short real body. As the whole week was full of Q1 result & dividend distributed by the counters so the bullish trend is expected in the coming week.

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
3250 3230 3200 3280 3300 3330

Macroeconomic factors:
Singapore consumer price or inflation rose by 1.2% in March, where food inflation rose by 2.9% & health care inflation by 3.4%A fall of 22% reported in net profit of Singapore Exchange a net profit of S$ 75.8 million was reported
Gerard Ee elected as a President of Institute of Singapore Chartered Accountants.
CapitaMall Asia made a jump of 2.8% to S$75.3 million in Net Profit for 1Q 2014.
RH Perto Gas Investments proposed sale of 49% Stake in RHP for US $ 2.79Million
Shares in Catalist listed SHC Capital Asia surged on Monday that it is discussing a sale of its core insurance business
Market Forecast for week ahead:
The market is moving in the uptrend and is supported by the good volume the technical indicators are also positive for the next week. The expected range for the coming week of STI would be 3250- 3300.
In the coming week there will be many counters like MapleTree, ThaiBev,SGX, CapitaMalls Asia, OCBC Bank and many more which will be delivering there dividend so the fundamental will be supportive for the up move of STI.

STRAIT TIMES WEEKLY WRAP
OPEN 3260.78
HIGH 3284.70
LOW 3250.09
CLOSE 3267.57
CHANGE (In Points) 13.77
% CHANGE 0.42 %

Technical Indicators:
Technical Indicators are showing the uptrend where RSI is above the centre line @52.27 else CCI is @ 181.57 which means that there is still a fair move for STI to take upside.
Weekly Technical view on KLCI
Weekly wrap of KLCI:
KLCI opened at 1851.61 for this week, took the uptrend and made a high of 1870.89 and closed at 1860.98 for this week. A green candle was formed for this week. For this week KLCI make a movement of almost 20 points.
A Inverted hammer Pattern was formed for this week with a long real body and a long upper shadow. 20 Days EMA is @1830 where the 50 Days EMA is @ 1792.

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
1845 1825 1800 1875 1890 1915

Market Forecast for week ahead:
KLCI is performing at its peak and is able to sustain itself form last three week so it can be said that now it is above the crucial level and expected to break the resistance.
Technical Indicators:
Technically KLCI is having a bullish trend on the chart where CCI is @121.03 & RSI is about to enter in the overbought range @62.83

KLCI WEEKLY WRAP
OPEN 1851.61
HIGH 1870.89
LOW 1849.68
CLOSE 1860.98
CHANGE (In Points) 8.29
% CHANGE 0.44 %