Technical Report on STI Singapore
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Transcript of Technical Report on STI Singapore
STIT E C H N I C A L
June 05th, 2014
REPORT
www.capitalvia.com.sg
Market Review for STI
STI gave a 2.12 points down opening
@3295.18 ,it formed a red candle for
t h e d a y a n d g a v e a c l o s i n g
@3280.17.The high for the day is
marked @3298.07 and low for the day
is @3273.58 .
Market forecast for STI
STI formed a red candle for the day
and the index closed lower than the
previous day close .The index is in
uptrend but still the minor movements
may be in downtrend as from the last
three days. It is expected to move in a
downtrend 3240-3300.
Technical indicators
RSI is above the centre line @55.57,
where CCI @61.47
STI Day Performance
Open 3295.18
High 3298.07
Low 3273.58
Close 3280.170
Change(Points) -16.50
% Change -0.50%
Volume 1795.5M
Rise 147
Fall 252Unch 384
STRAITS TIME LEVELS
Support 1 3270
Support 2 3260
Support 3 3245
Resistance 1 3290
Resistance 2 3299
Resistance 3 3315
Top Gainers
Scrip Name CMP %change
Olam Intl 2.33 1.75
ComfortDelGro 2.42 0.83
SIA Engineering 5.01 0.81
HPH Trust USD 0.74 0.68
OCBC Bank 9.75 0.52
Top Loosers
Scrip Name CMP %change
CapitaMall Trust 1.99 -2.45
HongkongLand
USD6.83 -2.43
JMH 400 USD 59.88 -2.41
JSH 500 USD 35.6 -1.77
Golden Agri-Res 0.56 -1.75
Important Factor for today
The PMI slipped from April's six- month high of 51.1, suggesting that manufacturing continued to grow in May -
though at a slightly slower pace.
Singapore officially started its first power plant that fully operates on (LNG), declared by the head of the
company that owns the facility, as the city state tries to curb its reliance on piped natural gas.
Singapore is benefited from the developments in Islamic finance which is increasing rapidly in the past five
years.
The fall is observed in Asian markets after two days of healthy gains, while investors also took their lead from
Wall Street's retreat from record highs.
Oil prices rose in Asian trade because of strong manufacturing data from top global energy guzzlers the
United States and China.
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