SGX Singapore : Weekly Technical Analysis

Market Review for STI:
STI opened at 3286.57 for the week which was up from the previous week’s closing at 3274.25. The local bourse saw average daily value traded in securities fall 8 per cent in October from the previous month while on a year-on-year basis; it dipped 7 per cent. A major power failure caused a suspension of trading in stocks and derivatives on the Singapore Exchange (SGX) for several hours on Wednesday. Asian markets were mixed Thursday following a record close on Wall Street, while the dollar pushed towards 115 yen for the first time in seven years, after Republicans took control of the US Congress.STI closed at 3286.39 and high for the week was marked at 3302.34.

STRAIT TIMES WEEKLY WRAP
Open	3286.57
High	3302.34
Low	3273.68
Close	3286.39
Change (Points)	+12.14
% Change	+0.36%

Market forecast for STI:
The minor trend for the week was up and also the prices end higher than the previous week and we may expect that the uptrend will continue till the level of 3330. For the next week the STI is expected to move lower as bearish star formation is seen on week’s closing candlestick.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3233	3184	3150	3329	3357	3400

Technical Indicators:
RSI is indicating bullishness and is at 58.67 and is at and CCI is at 123.46.Both the indicators are showing bullishness towards the prices. MACD is indicating at 7.71.  

Sector Allocation Chart

Sector	Volume	Values($)	Rises	Falls	Unchanged
Properties	164,482,000	289,532,938	23	28	30
Multi-Industry	22,704,000	98,124,252	4	7	7
Construction	119,539,333	10,761,076	8	13	21
Commerce	159,085,000	62,969,768	21	27	51
Hotels/Restaurants	1,777,000	1,080,610	2	6
Transport/Storage/Communications	98,176,330	117,984,845	10	17	22
Finance	20,945,800	227,729,004	17	12	17
Manufacturing	334,628,050	115,780,750	48	55	153
Services	240,990,460	89,669,848	34	40	80
Agriculture	19,462,000	10,201,856	4	1	4
Mining	12,689,000	3,593,456	3	6	3
Electricity/Gas/Water	1,333,000	700,130	1	1	0
Shares in Foreign Currencies	17,787,170	47,510,039	11	25	115
Total	1,213,599,143	1,075,638,572	186	238	512

Important Factor for today:-

• The Republic is poised to tap a myriad of opportunities arising from greater integration among capital markets in Asia, where strong economic growth and an expanding middle class are driving demand for financial services, said the Monetary Authority of Singapore's (MAS) deputy managing director Jacqueline Loh.
• Singapore landlords are tapping the fourth-lowest local borrowing costs in Asia to fund record overseas purchases of hotels, office blocks and luxury apartments as property prices fall at home.
• The first Asia Pacific Green Bond is listed on SGX.There were 56 new bond listings in October bringing the total number of bonds listed year to date to 446 with total proceeds of S$182 billion.
• According to a report by SGX, this is a 17% increase relative to the number of bonds listed in September. It also represents a 21% increase compared to 369 bonds listed and 15% increase compared to S$160 billion raised in same period last year.
• Chip Eng Seng Corporation on Monday said it has won a S$232.8 million contract through its wholly owned subsidiary. The contract was awarded by the Housing & Development Board for the construction of nine blocks of residential buildings and other community facilities. The construction period is about 42 months.

SGX Singapore : Stock Market Updates 5th Nov

Market Review for STI:
Singapore share prices opened lower with the straits times’ index down 2.74 points to 3,278.83. Asian markets retreated today, with Tokyo suffering its first sell-off after rallying 10 per cent in four days while the dollar managed to maintain its seven-year highs against the yen. Trading of securities and derivatives on the Singapore Exchange, a major equity and commodity bourse in Asia, was suspended in afternoon due to connectivity issues. Look @ FREE TRAIL

FBMKLCI WEEK’s Performance
Open	3275.99
High	3289.75
Low	3273.68
Close	3287.01
Change (Points)	+6.44
% Change	+0.20%
Volume	680.5M
Rise	122
Fall	199
Unch	470

Market forecast for STI:
In the first half market opened lower but ended higher and this is a strong indication for the bullish move having proper support at the level of 3272.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3272	3260	3250	3285	3295	3310

Technical Indicators:
RSI is at 59.37 and CCI is at 144.77.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
OLAM INTL.SG	2.09	2.45	SIA ENGINEERING.SG	4.55	-5.21
UOB.SG	23.41	0.99	WILMAR INTL.SG	3.11	-1.89
DBS.SG	19.12	0.9	GENTING SING.SG	1.065	-1.84
HONGKONGLAND USD.SG	6.98	0.87	ST ENGINEERING.SG	3.72	-1.33
THAIBEV.SG	0.75	0.67	SEMBCORP MARINE.SG	3.62	-0.82

Important Factor for today:-

• Trading of securities and derivatives on the Singapore Exchange, a major equity and commodity bourse in Asia, was suspended on Wednesday afternoon due to connectivity issues. The securities and derivatives markets were halted at 1451 Singapore time (0651 GMT), and the connection between SGX members and the two markets was unavailable, the exchange said in a statement.SGX did not provide details of the problem or a time frame for recovery of service.
• The local bourse saw average daily value traded in securities fall 8 per cent in October from the previous month while on a year-on-year basis, it dipped 7 per cent.
• Singapore’s purchasing managers' index expanded further in October, rising 1.4 points to 51.9 - a high not seen in over three years. all sub-indices - save input prices and order backlog - posted higher readings.
• SMRT Corp's group chief financial officer, Sam Ong eng keang, has resigned after eight months on the job and his last day will be nov 9.
• Mainboard-listed valuetronics holdings' net profit for the second quarter fell 8.4 per cent to hk$36.3 million (s$6 million) from a year ago due to slowdown in demand for consumer electronics and higher staff costs.
• Food and beverage play breadtalk group has reported a 15.6 per cent rise in net profit to s$3.9 million for the three months ended sept 30, 2014.
• Thanks to lower operating and financial expenses, OUE limited reported a 23.1 per cent rise in net profit to s$16.5 million for the third quarter ended sept 30, defying a 10.8 per cent drop in revenue.
• Electronic-parts seller serial system reported a 50 per cent boost in net profit for the third quarter compared to a year ago on the back of higher sales.

SGX Singapore STI Technical Outlook 4th Nov

Market Review for STI:
Share prices opened lower with the Straits Times Index down 3.45 points to 3,287.39. Asian markets were mixed today following a soft lead from Wall Street, with Tokyo tacking on another huge set of gains after last week's surprise monetary easing by the Bank of Japan. Shares ended 0.28 per cent lower with the Straits Times Index slipping 9.27 points to 3,281.57. Get Free Signals

FBMKLCI WEEK’s Performance
Open	3292.10
High	3293.61
Low	3278.42
Close	3281.57
Change (Points)	-9.27
% Change	-0.28
Volume	1869M
Rise	167
Fall	237
Unch	388

Market forecast for STI:
STI may dip down to the level of 3260 and then move up and may be in a range of 3240-3260.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3270	3260	3245	3300	3320	3340

Technical Indicators:
RSI is at 52.47 and CCI is at 46.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
JARDINE C&C.SG	39.83	0.96	OLAM INTL.SG	2.04	-3.77
DBS.SG	18.95	0.69	SEMBCORP MARINE.SG	3.65	-2.41
CITYDEV.SG	9.53	0.63	GLOBAL LOGISTIC.SG	2.69	-1.82
OCBC BANK.SG	10.01	0.6	GENTING SING.SG	1.085	-1.81
ST ENGINEERING.SG	3.77	0.27	NOBLE.SG	1.185	-1.66

Important Factor for today:-

• COSCO Corp reported a 17% YoY rise in revenue to S$1.16b and a 69% increase in net profit to S$7.1m in 3Q14, such that 9M14 net profit accounted for 76% and 69% of ours and the street’s estimates, respectively. On a YoY basis, profit was higher due to lower provisions on construction contracts (S$10.6m in 3Q14 vs S$33.9m in 3Q13); a less aggressive depreciation policy also aided bottom-line. However, gross profit margin dropped significantly from 7.4% in 3Q13 to 4.9% in 3Q14 with the execution of lower margin contracts.
• Chip Eng Seng Corporation on Monday said it has won a S$232.8 million contract through its wholly owned subsidiary. The contract was awarded by the Housing & Development Board for the construction of nine blocks of residential buildings and other community facilities. The construction period is about 42 months.
• OUE Hospitality Trust (OUEHT) reported its 3Q14 results which exceeded its IPO prospectus projections marginally, but was within our expectations. Gross revenue came in at S$28.5m, of which S$19.2m and S$9.3m was contributed by its Hospitality (Mandarin Orchard Singapore) and Retail (Mandarin Gallery) segments, respectively.

Market Review for SGX Singapore: 3rd Nov

Market Review for STI:
SINGAPORE share prices opened higher with the Straits Times Index up 14.53 points to 3,286.57.Asian markets were mixed as traders took a breather after last week's rally, while Hong Kong and shanghai were barely moved after a weak Chinese manufacturing report.Shares ended higher with the Index gaining 16.59 points to 3,290.84.

STI Day Performance
Open	3286.57
High	3295.77
Low	3281.30
Close	3290.84
Change (Points)	+16.59
% Change	+0.51%
Volume	2106.1M
Rise	272
Fall	149
Unch	371

Market forecast for STI:
STI gave a gap up opening and is in uptrend from last four days .The major trend will remain up but it may take a little correction in the coming trading session.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3260	3250	3240	3320	3330	3340

Technical Indicators:
RSI is at 53.58 and CCI is at 0.235

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
SEMBCORP MARINE.SG	3.74	2.75	GOLDEN AGRI-RES.SG	0.51	-1.92
HPH TRUST USD.SG	0.69	2.22	COMFORTDELGRO.SG	2.59	-1.89
DBS.SG	18.82	1.84	THAIBEV.SG	0.755	-1.31
SIA.SG	10.07	1.72	JSH USD.SG	35.21	-1.18
UOB.SG	23.29	1.26	JARDINE C&C.SG	39.45	-1.13

Important Factor for today:-

• Penny stock compact metal industries were most actively traded with some 137 million shares worth s$9.4 million on Monday morning.
• Singapore refining company will shut a secondary unit at its 290,000 barrels-per-day refinery in Singapore’s jurong island this month, sources with knowledge of the matter said on Monday.
• Frasers centre point, which recently acquired australand for a$2.6 billion (s$2.9 billion), has picked bob Johnston as chief executive of the combined Frasers property Australia and australand businesses.
• SembCorp marine has clinched a us$240 million contract to build a new jack-up drilling rig from repeat customer bot lease co ltd (botl), a leasing company of the bank of tokyo-mitsubishi ufj.
• SMRT Corp gains 8.5 Singapore cents or nearly 6 per cent to s$1.57 in the early session. the firm announced last Friday an impressive set of results for second quarter ended September - net profit jumped 76 per cent to s$25.3 million on the back of a 6 per cent rise in revenue to s$314.0 million from a year ago.
• OSK DMG has trimmed MTQ corporation ltd's target price to $1.77 on the back of lower utilization in the Singapore facility and slow starts in the binder group.
• United Industrial Corporation (UIC) has posted a 37 per cent year-on-year increase in third- quarter net profit to S$59.69 million, on the back of a 17 per cent rise in revenue to S$178.38 million.