SGX Singapore : STI Technical Outlook 9th Feb

Market Review for STI: Share prices opened flat with Straits Times Index down 1.00 points to 3,430.36.Most Asian markets slipped as a strong US jobs report fuelled expectations the Federal Reserve will bring forward an interest rate rise. But more poor Chinese data lifted Shanghai on hopes of renewed easing measures. Official data released yesterday showed China's exports falling more than 3% and imports declining almost 20% in January.

STI Day Performance

Open: 425.73

High: 3434.48

Low: 3416.26

Close: 3418.02

Change(Points): -13.34

% Change: -0.39%

Volume: 983.4M

Rise: 143

Fall: 250

Unch: 395

Market forecast for STI:

We may expect STI will move in the range of 3390 to 3450

STRAITS TIME LEVELS
Support 1: 3384
Support 2: 3360

Support 3: 3340
Resistance 1: 3434
Resistance 2: 3460
Resistance 3: 3480

Technical Indicators:

RSI is at 58 and CCI is at 72.

Top Gainers: NOBLE.SG, THAIBEV.SG, OCBC BANK.SG, JSH USD.SG, DBS.SG

Top Losers: HPH TRUST, USD.SG, GOLDEN AGRI-RES.SG, KEPPEL CORP.SG, SIA.SG, ASCENDAS REIT.SG

Important Factor for today:-

• HONG Kong has overtaken Singapore to be the fifth largest wealth management centre in the world
• The average price of a gallon of gasoline in the United States rose 13 cents in the past two weeks due to a rise in the price of crude oil.
• Hong Kong and New York offer the lowest returns for offices among the world's major markets even as prices increase because of demand for high-quality properties.
• Energy companies may be slow to cut oil production after a 50 per cent price drop because they need to service debt that has risen fourfold since 2003, according to the Bank for International Settlements.
• SINGAPORE ranks 10th globally in the inaugural Sustainable Cities Index from Arcadis, a global natural and built asset design and consultancy firm, faring lower than other Asia-Pacific cities such as Hong Kong and Seoul. However, it proves to be greenest in the region, being the only country in Asia-Pacific to emerge in the top 10 of the Planet sub-index.

SGX Singapore : STI Technical Review 5th Feb

Market Review for STI:
Share prices opened lower with the Straits Times Index down 6.59 points to 3,410.98.Singapore shares pulled back as oil prices plummeted overnight and worries over debt-laden Greece escalated after the European Central Bank said it would stop accepting Greek bonds as collateral for funds.

STI Day Performance
Open	3414.91
High	3415.14
Low	3394.95
Close	3406.58
Change(Points)	-10.99
% Change	-0.32%
Volume	989.4M
Rise	139
Fall	229
Unch	419

Market forecast for STI:
STI will move in the range of 3385 to 3443 if STI cross the level 3343 we may see bullish trend.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3375	3360	3340	3443	3470	3490

Technical Indicators:
RSI is at 57 and CCI is at 55

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
COMFORTDELGRO.SG	0.05	1.71	SEMBCORP MARINE.SG	-0.08	-2.56
CAPITAMALL TRUST.SG	0.03	1.4	SEMBCORP IND.SG	-0.11	-2.52
CAPITALAND.SG	0.03	0.85	GENTING SING.SG	-0.015	-1.4
JSH USD.SG	0.28	0.81	HPH TRUST USD.SG	-0.01	-1.39
JMH USD.SG	0.36	0.56	NOBLE.SG	-0.015	-1.36

Important Factor for today:-

• Singapore sovereign wealth fund GIC has bought a 5 per cent stake in Nielsen NV, a leading provider of TV audience ratings data, for an undisclosed amount.
• The Singapore dollar will slide about 3 per cent versus the US dollar to the lowest since July 2010 after the Monetary Authority of Singapore (MAS) unexpectedly eased monetary policy.
• FIRST Sponsor Limited's net profit in the fourth quarter more than doubled to S$19.3 million, as revenue rose nine-fold, boosted by its sale of properties.
• Oil prices rebounded in Asia Thursday but gains were capped as the euro was hit by fresh concerns over Greece, further hurting demand in the face of an oversupply,
• GROUNDHANDLER SATS' third quarter net profit jumped 25.2 per cent year on year to S$53.7 million, boosted in part by lower costs.
• MAYBANK Kim Eng has Ezion as its top pick in the offshore and marine sector, and is also advising investors to avoid the rigbuilders who are exposed to capital expenditure cuts, namely Sembcorp Marine and Keppel Corp, in the meantime.

Singapore SGX : Technical Review for STI

Market Review for STI: Share prices opened higher with the Straits Times Index up 16.36 points to 3,424.38.Spike in oil prices lift Singapore shares after pushing up stocks on Wall Street overnight and Oil prices fell as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 per cent over the past four sessions.

STI Day Performance
Open: 3420.28
High: 3432.10
Low: 3413.03
Close: 3417.57
Change(Points): +9.550
% Change: +0.28%
Volume: 1188.8M
Rise: 197
Fall: 188
Unch: 402
Market forecast for STI: STI is its major resistance if crosses the level of 3343 we may expect bullish rally in next trading session.
STRAITS TIME  LEVELS
Support 1: 3390
Support 2: 3372
Support 3: 3360
Resistance 1: 3443
Resistance 2: 3460
Resistance 3: 3480
Technical Indicators: RSI is at 60 and CCI is at 90
Top Gainers : noble.sg, hongkongland usd.sg, sgx.sg, st engineering.sg, thaibev.sg
Top Losers : sia engineering.sg, comfortdelgro.sg, ascendas, eit.sg, sia.sg,jmh usd.sg
Important Factor for today:-

• Amendments proposed by the Monetary Authority of Singapore (MAS) to rules governing the issuance of covered bonds put Singapore one step closer to an active covered bond market which Fitch Ratings expects to open as early as mid-2015. The changes, as detailed in an MAS consultation paper, will provide greater flexibility to covered bond structures. It further clarifies regulations including how assets can be segregated, the limit on liquid assets, and the calculation of the loan-to-value (LTV) ratio for mortgage assets.
• Singapore and the Philippines are enjoying a close bilateral relationship, which will be a key driver for the region to work towards closer economic integration.
• Roland Thng is seeking to shake up Singapore’s staid corporate landscape, setting up a new hedge fund focused exclusively on influencing the way locally listed companies are run.
• Lifestyle products group OSIM International reported a flat three months of results for its fourth quarter ended Dec 31, 2014.
• SIA Engineering Co (SIAEC) reported a net profit of S$46.3 million for the third quarter ended Dec 31, 2014, down from S$60.5 million in the corresponding quarter a year earlier.

SGX Singapore : Technical Report on STI 3 Feb

Market Review for STI:
Share prices opened lower with the Straits Times Index down 7.01 points to 3,416.34.A day after bucking declines in most Asian markets, Singapore shares took a breather today as investors digested gains and waited for fresh leads. High of the day was marked 3422 and low was 3401.

STI Day Performance
Open	3421.83
High	3422.18
Low	3401.03
Close	3410.75
Change(Points)	-12.60
% Change	-0.37%
Volume	1234.7M
Rise	183
Fall	211
Unch	393

Market forecast for STI:
STI will move in the range of 3390 to 3343

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3400	3380	3360	3443	3460	3480

Technical Indicators:
RSI is at 52 and CCI is at 82

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
COMFORTDELGRO.SG	0.06	2.03	SIA.SG	-0.36	-2.85
ASCENDAS REIT.SG	0.04	1.57	JSH USD.SG	-0.81	-2.28
KEPPEL CORP.SG	0.13	1.49	NOBLE.SG	-0.025	-2.27
HONGKONGLAND USD.SG	0.1	1.32	UOB.SG	-0.34	-1.45
SEMBCORPMARINE.SG	0.04	1.31	WILMAR INTL.SG	-0.04	-1.23

Important Factor for today:-

• China's stocks rebounded from the longest losing streak since October after benchmark money-market rates dropped and speculation grew that the government will take measures to bolster the economy.
• China's Everbright Securities has agreed to buy Hong Kong conglomerate Sun Hung Kai & Co Ltd's 70 percent stake in its brokerage and wealth management service unit for HK$4.1 billion (US$529 million)..
• Noble Group could pay special dividends of three US cents a share for 2014 and five US cents for this year as it tidies up its capital structure and seeks to improve value for shareholders.
• Malaysia's current account surplus will probably narrow as liquefied natural gas prices drop, according to Bank of America Merrill Lynch, adding a new risk to the nation's weakening economic outlook.
• Singapore offshore and marine companies are not expected to have felt the full fallout of the plunge in oil prices in 4Q2014, and many of them would have started cutting costs amid reduced demand for their services and lower contract prices.