STI Weekly Technical Outlook 27-31 Aug

Weekly wrap of STI:

STI opened at 3231.81 for the week and ended higher at 3274.25 .STI was 51 points up and made a high of 3274.25 for the week. The Resale Price Index fell by 1.7% from 195.7 in 2nd Quarter 2014 to 192.4 in 3rd Quarter 2014. Resale transactions increased by 2.8% from 4,389 cases in 2nd Quarter 2014 to 4,513 cases in 3rd Quarter 2014. Prices of private residential properties decreased by 0.7% in 3rd Quarter 2014, following the 1.0% decline in the previous quarter. 

STRAIT TIMES WEEKLY WRAP
Open	3231.81
High	3274.25
Low	3206.21
Close	3274.25
Change (Points)	51.7
% Change	+1.57%

This was the fourth straight quarter of price decline. The stock of completed private residential units (excluding ECs) increased by 4,512 units in 3rd Quarter 2014. Redundancy rose in the third quarter of 2014, reflecting the impact of restructuring. Some 3,400 workers were laid off, up from 2,410 workers in the preceding quarter and 2,710 in the third quarter of 2013.Traders and investors appear generally reluctant to load up on stocks ahead of a two-day meeting by the US Federal Reserve's policy-setting committee.

Market Forecast for week ahead:

It is expected that the market took a weekly rebound and is in uptrend from the level of 3180 till 3274. A further up movement can be seen in coming week with STI trading in t he range of 3240-3320.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3240	3220	3200	3300	3320	3340

Technical Indicators:

RSI is indicating bullishness and is at 51.55 and is at and CCI is at -66.57.Both the indicators are showing bullishness towards the prices. MACD is indicating at 1.67.

Macroeconomic factors:

• The Singapore Exchange's chief regulatory officer has resigned.Richard Teng will leave the bourse operator on Feb 28 next year to become CEO of Abu Dhabi Global Market Regulator, SGX said in a statement.
• TUAN Sing Holdings has reported net profit of S$17.53 million for the third quarter ended Sept 30, 2104, triple the S$5.76 million net earnings it posted in the same year-ago period.
• Singapore Exchange's (SGX) new framework for secondary listings to encourage companies from developed markets to list here will be implemented from next Monday, the exchange said. The move follows a public consultation on the changes in June, which lasted a few weeks.
• Singapore's Ministry of Manpower said the unemployment stayed low and steady for the third quarter of 2014.Overall seasonally-adjusted unemployment rate came in at 1.9% for 3Q14, down from 2.0% in 2Q14, the manpower ministry said in its Employment Situation, Third Quarter 2014 report out this morning.
• Companies with a secondary listing in Singapore but are not listed in any jurisdiction classified as "developed" by FTSE and MSCI may soon be placed under greater regulatory scrutiny.In a bid to better regulate companies with a secondary listing here, the Singapore Exchange may impose additional requirements on those whose home exchange is deemed "developing", it said in a statement today.
• Global Logistic Properties has inked new lease agreements in China totalling 68,000 sq m.The tenants are retailers and third-party logistics service providers in Eastern and Midwestern China, GLP said in a statement.They include Goodaymart, a logistics joint venture between Alibaba and Haier.
• Singapore stocks ended generally higher but pared most of their earlier gains as investors took some money off the table ahead of comments tonight by the US central bank after it ends its two-day policy meeting.
• Yoma Strategic Holdings' September quarter earnings tripled on the back of a fair value gain on its investment properties.Earnings for the September quarter (FY2Q2015) rose to $10.8 million from $3.3 million a year earlier as the Myanmar-focused diversified business group booked a $8.1 million fair value gain on its Star City project, a major residential and commercial development.
• Singapore is the best country to do businesses in, topping for a ninth straight year a World Bank ranking that showed improvements by the UK and China while Japan declined.
• OSIM International saw a 28% fall in earnings for the 3Q ended Sept to $16 million from $23 million a year ago.Basic earnings per share fell from 3.14 cents to 2.11 cents correspondingly.Revenue grew 3% to $158 million from $153 million a year ago.

Sector Allocation Chart

Sector	Volume	Values($)	Rises	Falls	Unchanged
Properties	171,305,000	295,979,129	46	13	22
Multi-Industry	32,977,000	99,038,065	11	3	4
Construction	109,797,000	11,092,012	11	6	25
Commerce	208,218,000	115,055,733	35	12	52
Hotels/Restaurants	4,060,000	1,924,835	4	3	10
Transport/Storage/Communications	102,202,380	197,371,880	26	8	14
Finance	37,291,240	330,473,473	18	2	28
Manufacturing	331,967,633	137,322,650	88	30	140
Services	627,015,980	170,267,280	67	15	71
Agriculture	39,305,000	28,674,869	5	0	4
Mining	32,756,000	10,271,003	7	1	4
Electricity/Gas/Water	895,000	781,255	1	0	1
Shares in Foreign Currencies	35,018,435	91,400,489	33	7	111
Total	1,732,808,668	1,489,652,673	352	100	486

SGX Singapore Stock Market Review 29 Oct

Market Review for STI:
STI opened at 3217.74, taking their cue from US stocks, Singapore shares are higher as the market rides the positive momentum overnight on Wall Street, where better-than-expected earnings and upbeat consumer sentiment prompted investors to load up on risk assets. High for the day was marked at 3230.10 and low at 3216.96.

STI Day Performance
Open	3217.74
High	3230.10
Low	3216.96
Close	3224.03
Change(Points)	+12.38
% Change	+0.39%
Volume	1133.9M
Rise	247
Fall	139
Unch	758

Market forecast for STI:
We may see a range bound movement in the next trading session, ranging from 3210-3240.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3210	3200	3190	3230	3240	3260

Technical Indicators:
RSI is at 46.99 and CCI is at 10.16.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
OLAM INTL.SG	2.12	3.92	ASCENDAS REIT.SG	2.24	-3.03
UOB.SG	22.03	1.9	GLOBAL LOGISTIC.SG	2.7	-0.74
JARDINE C&C.SG	40.1	1.67	HPH TRUST USD.SG	0.67	-0.74
JMH USD.SG	60.41	1.43	THAIBEV.SG	0.745	-0.67
SIA ENGINEERING.SG	4.63	1.31	SEMBCORP IND.SG	4.83	-0.62

Important Factor for today:-

• The Hour Glass specialty watch retailer announced last night it had acquired 100% of the issued and paid-up share capital of Watches of Switzerland for $13.3 million.
• Singapore is the best country to do businesses in, topping for a ninth straight year a World Bank ranking that showed improvements by the UK and China while Japan declined.
• Lower unrealized mark-to-market gains sent earnings of Great Eastern Holdings tumbling 31% y-o-y fall in 3Q2014.Earnings for the September quarter fell to $194.6 million from $282.8 million a year earlier.
• Yoma Strategic Holdings' September quarter earnings tripled on the back of a fair value gain on its investment properties. Earnings for the September quarter (FY2Q2015) rose to $10.8 million from $3.3 million a year earlier as the Myanmar-focused diversified business group booked a $8.1 million fair value gain on its Star City project, a major residential and commercial development.
• As the Federal Reserve ends its quantitative easing programme this month, financial markets are expected to see greater volatility but loose monetary conditions in Europe and Japan should limit the risk of any sharp sell-off, according to Bank of Singapore.
• Gains in most Asian markets in the wake of a rally on Wall Street overnight are helping to support Singapore shares, although any further upside for the rest of the session could be modest as investors await the outcome of a two-day meeting by the US central bank's policy-setting committee.

Stock Market Review for STI - 27 Oct

Market Review for STI:
Share prices opened higher with the straits times’ index up 5.63 points to 3,228.18. Asian markets were mainly up today after the majority of euro zone banks were given a clean bill of health by the European central bank, but china was hit by the postponement of a planned stock-trading connection between Hong Kong and shanghai. The Resale Price Index fell by 1.7% from 195.7 in 2nd Quarter 2014 to 192.4 in 3rd Quarter 2014. Resale transactions increased by 2.8% from 4,389 cases in 2nd Quarter 2014 to 4,513 cases in 3rd Quarter 2014.

STI Day Performance
Open	3231.81
High	3234.76
Low	3215.77
Close	3226.11
Change(Points)	+3.56
% Change	+0.11%
Volume	1110.4M
Rise	179
Fall	210
Unch	754

Market forecast for STI:
We find STI in a range bound movement which will be bullish after the level of 3240.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3220	3200	3190	3240	3260	3280

Technical Indicators:
RSI is at 46.82 and CCI is at -3.33.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
CAPITALAND.SG	3.14	2.95	KEPPEL CORP.SG	9.44	-2.38
SIA.SG	9.83	2.18	NOBLE.SG	1.245	-1.58
GOLDEN AGRI-RES.SG	0.495	2.06	UOB.SG	21.78	-1.18
CITYDEV.SG	9.8	1.77	SEMBCORP MARINE.SG	3.62	-1.09
ST ENGINEERING.SG	3.67	1.66	OLAM INTL.SG	2.04	-0.97

Important Factor for today:-

• Singapore shares have given up their gains made at the start of trading, with investors taking profits amid a pullback in the Hong Kong market and ongoing concerns over Europe’s growth prospects.
• Phillip capital has called an "accumulate" on Civmec with a target price of 80 cents, representing a 9.9% upside.Civmec is an integrated, multi-disciplined construction and engineering services provider to the resources and infrastructure sectors.
• Kris energy, the upstream oil and Gas Company, says it has chartered the Rubicon vantage fso vessel and a catenary anchor leg mooring or calm buoy for use on the wassana oil development in the g10/48 license area in the gulf of Thailand.
• Results of Europe’s stress-test on banks may weigh on Singapore shares, even as investors await comments from the us Federal Reserve’s policy-setting committee, which will meet tomorrow and Wednesday.
• ISOteam is planning to acquire four local companies in new and complementary business areas for $11 million in total to expand its scope of expertise and services.
• Raffles medical group is banking on two of its upcoming projects in Singapore to underpin growth amid a more competitive business environment brought about by the opening of new hospitals, a shortage of manpower and slower economic growth in the region.
• Ips Securex holdings have been appointed an authorized trading partner of accipiter radar technologies, and us company that develops high-performance radar and sensor networks.

Singapore Stock Market : STI Technical Outlook 9th Oct

Market Review for STI:
STI gave a gap up opening by18.26 points to 3,244.97, opened higher on the back of Wall Street stock. It made a high of 3264.06 and the low for the day was marked at 3239.97 .STI formed a bullish candle for the day and closed at 3259.25.

STI Day Performance
Open	3242.47
High	3264.06
Low	3239.97
Close	3259.25
Change(Points)	+32.54
% Change	+1.01%
Volume	1172.5M
Rise	205
Fall	177
Unch	752

Market forecast for STI:
If it is the correction then the confirmation of bullishness will be from the opening price of the next trading day.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3225	3215	3200	3275	3285	3300

Technical Indicators:
RSI is below center line at 42.62 and CCI is at -82.27.

Top Gainers			Top Losers
Scrip Name	CMP	%change	S crip Name	CMP	%change
CAPITALAND.SG	3.12	2.97	SPH.SG	4.18	-1.18
GENTING SING.SG	1.115	2.29	SIA ENGINEERING.SG	4.53	-0.66
HONGKONGLAND USD.SG	6.89	1.92	KEPPEL CORP.SG	10.24	-0.49
JMH USD.SG	59.01	1.9	SIA.SG	9.71	0.31
JSH USD.SG	34.75	1.85	SEMBCORP IND.SG	5.07	0.4

Important Factor for today:-

• Shares of raffles education corp. soared in early trade today after the company said it would spin off its wholly owned oriental University City holdings on Hong Kong’s growth enterprise market.
• Investors in Singapore are flocking to take cover under bonds umbrella amid gathering clouds over the global economy. Even the weakening sing $ has failed to dent their enthusiasm for the fixed income securities, in particular government bonds.
• The stock of lifestyle products group Osim international, a long-time market darling, traded sharply lower for a second day in a row on heavy volume.
• Housing and development board (hdb) resale prices could have fallen in an eighth consecutive month, going by flash estimates from the Singapore real estate exchange.

SGX Singapore - Market Review for STI 8th Oct

Market Review for STI:
Share prices opened lower today with the Straits Times Index down 13.20 points to 3,230.79. Asian markets slipped today following a US and European sell-off that came in response to more weak German data and the IMF's decision to cut its growth forecast for the global economy. Shares were down 17.28 points with STI finishing at 3,226.71.

STI Day Performance
Open	3227.62
High	3234.71
Low	3223.82
Close	3226.71
Change(Points)	-17.28
% Change	-0.53%
Volume	1143.05M
Rise	126
Fall	255
Unch	753

Market forecast for STI:
To ensure sustainable growth, Singapore manufacturers should actively seek out new markets globally and then we may expect the market to move bullish. Technically, if will take support at 3220 we may see a little correction in the market.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3220	3200	3170	3250	3270	3285

Technical Indicators:
RSI is at 30.93 and CCI is at -160.50. The indicators are indicating more towards the bear signal.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
SEMBCORP MARINE.SG	3.62	1.12	CITYDEV.SG	9.26	-2.11
SPH.SG	4.23	0.71	GOLDEN AGRI-RES.SG	0.5	-1.96
HONGKONGLAND USD.SG	6.76	0.6	NOBLE.SG	1.28	-1.92
SGX.SG	6.99	0.43	OLAM INTL.SG	2.3	-1.71
KEPPEL CORP.SG	10.29	-0.1	CAPITALAND.SG	3.03	-1.62

Important Factor for today:-

• Citi has picked Singaporean lee lung Nien as chief executive of its Malaysian unit Citibank Bhd to oversee the bank's franchise in the country, including its institutional clients, consumer banking, cards and wealth management businesses.
• Singapore has fallen out of a ranking of the top 20 cities for property investment.
• Singapore’s move to allow foreign judges to hear commercial cases may boost its standing against regional rival Hong Kong where concerns have mounted that its judicial independence is being undermined by china.
• The straits times’ index today drifted to a 9.25-point loss at 3,243.99. it was initially supported by a positive session for Hong Kong, but came under pressure between 4 and 5pm when Europe opened in the red across all markets.
• Massage chair maker Osim International has no idea why its share price could have tumbled so much for two days straight, it told the Singapore Exchange.

Singapore : STI Technical Analysis Outlook 7th Oct

Market Review for STI:
Share prices opened higher on Tuesday with the Straits Times Index up 2.90 points to 3,256.14. Asian markets were mostly lower today as profit-takers moved in after recent gains, while Wall Street provided a soft lead ahead of the start of the corporate reporting season. Shares fell after a return to trade following Monday's break for a public holiday, with the Straits Times Index ending the day down by 9.25 points or 0.28 per cent at 3,243.99. High of the day was marked at 3261.31 and low for the day was marked at 3237.31.

STI Day Performance
Open	3260.72
High	3261.31
Low	3237.31
Close	3243.99
Change(Points)	-9.25
% Change	-0.28%
Volume	1335.5M
Rise	139
Fall	239
Unch	755

Market forecast for STI:
The market is in correction mode but slowly it will recover the downfall .so we may expect that it will be bullish in the next trading day and may range from 3245-3275.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3235	3200	3180	3275	3285	3300

Technical Indicators:
RSI is at 34.28 and CCI is at -129.44.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
JARDINE C&C.SG	41.29	2.3	CAPITALAND.SG	3.08	-1.6
GOLDEN AGRI-RES.SG	0.51	2	SIA.SG	9.72	-1.42
GLOBAL LOGISTIC.SG	2.72	1.87	JSH USD.SG	34.48	-1.4
OLAM INTL.SG	2.34	1.74	SGX.SG	6.96	-1.28
HONGKONGLAND USD.SG	6.72	1.2	SEMBCORP IND.SG	5.09	-0.97

Important Factor for today:-

• Singapore will announce the central bank's semi-annual monetary policy decision and release advance gross domestic product (GDP) estimates for the third quarter on Oct. 14.
• Battered by fears of slower China growth along with weak commodity prices, the Australian dollar slid dramatically against the Singapore dollar in September to lows not seen in more than five years, the Business Times reported.
• Yongnam Holdings’ Malaysian unit has agreed to sell its factory at Nusajaya, Johor, to Axis Real Estate Investment Trust before leasing it back from the REIT.
• STATS ChipPAC says the company has been served a writ of summons by ERS Electronic GMBH alleging that it has infringed its patents relating to debonder machines used in wafer level package assembly process.
• The government will still keep a close watch on the inflow of foreign workers - even as no further major measures are planned to tighten the foreign worker policy.

STI Singapore : Weekly Technical Analysis 29 Sept - 3 Oct

Weekly wrap of STI:

The losing streak has stretched to four sessions now for the Singapore stock market, which has surrendered more than 60 points or 1.9 percent in that span. The Straits Times Index finished just below the 3,230-point plateau, although the market may see some traction on Friday. The global forecast for the Asian markets is mixed to lower, with negative sentiment offset by bargain hunting after major selling earlier this week. The STI finished sharply lower on Thursday with broadly based losses - particularly among the property stocks, financial shares and plantations.

STRAIT TIMES WEEKLY WRAP
Open	3290.82
High	3293.99
Low	3222.92
Close	3253.24
Change(Points)	-38.97
% Change	-1.19

 Market Forecast for week ahead:

At the last trading day the market seemed to take a correction and moved up .It is bearish if it breaks 3225-3220 on a sustained basis and bullish if it can go above 3270 on a sustained basis.

Weekly Technical view on STI
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3220	3200	3180	3275	3285	3290

 Technical Indicators:

RSI is at 46.19 and CCI is at -130.82 .Both the indicators are supportive for the bullish trend .MACD is at 23.95.

Macroeconomic factors:

• Singapore’s Purchasing Managers' Index (PMI) reverted to expansion mode in September, rising 0.8 points to 50.5 after slumping unexpectedly to 49.7 in August.
• Investor appetite in Asia and North America fell in September this year amid a rise in investor confidence globally, State Street's Investor Confidence Index (ICI) said on Wednesday.
• Protests in China have caused a pullback in some Asian stock markets, but the executive chairman of Templeton Emerging Markets Group has identified the decline as a buying opportunity.
• Singapore’s home prices declined for a fourth consecutive quarter, the longest losing streak in five years, as tighter mortgage measures cooled demand in Asia’s second-most expensive housing market.
• Resale prices of public housing fell 1.6 per cent in the third quarter, compared to Q2, according to flash estimates released by the housing and development board.
• Singapore’s bond market is getting a boost from Chinese borrowers tapping the island’s millionaires for record amounts at rates almost 30% cheaper than home.
• Total bank lending in Singapore rose 1.2 per cent in August from July as lending for building and construction edged higher, central bank data showed on Tuesday.
• Asian markets mostly slipped Tuesday, with Hong Kong hit for a second successive day as a pro-democracy protest in the city showed no signs of letting up, while a measure of Chinese manufacturing came in below forecast.