SGX Outlook & STI Technical Analysis 9th Dec

Market Review for STI:
Singapore shares opened higher today with the Straits Times Index gaining 11.80 points to 3312.86. Oil prices are going to stay at $ 65 per barrel for at least 6 months. Crude is trading in a bear market as the highest U.S. production in three decades exacerbates a global glut. Saudi Arabia, which led OPEC’s decision to maintain rather than cut output at a Nov. 27 meeting, last week offered supplies to its Asian customers at the deepest discounts in at least 14 years. If it is going to be continued and until there are cuts to production, there could be more pain to come.

STI Day Performance
Open	3312.86
High	3334.93
Low	3306.75
Close	3319.84
Change(Points)	+22
% Change	+0.67%
Volume	1563.9M
Rise	147
Fall	235
Unch	402

Market forecast for STI:
As Singapore stock market consist of stocks from other countries also the effect of dip in Japan’s economy will result in dipping down of STI.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3300	3290	3280	3340	3350	3375

Technical Indicators:
RSI is at 53 and CCI is at -7

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
SGX.SG	7.6	3.4	JMH USD.SG	59	-1.96
JARDINE C&C.SG	43.53	2.11	COMFORTDELGRO.SG	2.6	-0.76
OCBC BANK.SG	10.41	2.06	SIA ENGINEERING.SG	3.92	-0.76
DBS.SG	19.86	1.85	SEMBCORP MARINE.SG	2.89	-0.69
SIA.SG	11.2	1.82	THAIBEV.SG	0.715	-0.69

Important Factor for today:-

• Oil Prices will stay at about $65 a barrel for at least half a year until OPEC changes its collective production or world economic growth revives, said the head of state-run Kuwait Petroleum Corp.
• Asian stocks fell, after U.S. shares dropped the most in almost seven weeks, as oil extended its decline and a stronger yen weighed on Japanese exporters.
• Catalist- listed Spackman Entertainment Group has agreed to buy a 51 per cent stake in Novus Mediacorp for S$2.53 million. Novus is an investor and presenter of Korean theatrical films, and specialises in ancillary distribution, or distribution to non-theatrical markets.
• Singapore's LionGold Corp Ltd, one of the companies at the centre of a penny stock crash last year, said it expected to report a loss before taxes for the first half of its fiscal year due to impairment losses.
• West Texas Intermediate fell to a five-year low as Iraq followed Saudi Arabia in cutting prices for crude sales to Asia, adding to signs that OPEC’s biggest members are defending market share.
• Singapore Exchange welcomed mm2 Asia Ltd to Catalist under the stock symbol "41C" and Huationg Global Limited to Catalist, under the stock code of "41B".

SGX Singapore : STI Technical Analysis 3rd Dec

Market Review for STI:
SINGAPORE shares opened higher today with the STI gaining 10.07 points to 3,332.39. Singapore shares surrendered early gains and ended lower in a session shortened by a software glitch at the Singapore Exchange, which earned a dressing-down from the central bank for causing a disruption to the market just four weeks after a power failure at its data centre shut down trading for hours.

STI Day Performance
Open	3323.97
High	3335.81
Low	3303.39
Close	3303.39
Change(Points)	-18.93
% Change	-0.57%
Volume	1174.2M
Rise	120
Fall	249
Unch	417

Market forecast for STI:
STI is expected to make higher lows and may trade lower in a range of 3280-3310.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3300	3290	3280	3340	3350	3360

Technical Indicators:
RSI is at 54.12 and CCI is at 15.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
THAIBEV.SG	0.7	3.7	SEMBCORP IND.SG	4.2	-3.23
CAPITALAND.SG	3.28	0.61	SEMBCORP MARINE.SG	2.91	-2.68
UOB.SG	23.97	0.5	NOBLE.SG	1.155	-2.53
SIA.SG	10.94	0.37	GOLDEN AGRI-RES.SG	0.445	-2.2
CITYDEV.SG	9.88	-0.1	SIA ENGINEERING.SG	4	-1.72

Important Factor for today:-

• The Monetary Authority of Singapore, the city-state's central bank, said on Wednesday the lapse that delayed the opening of trading at the Singapore Exchange is "unacceptable" and it would not hesitate to take action against the bourse.
• Central banks across the most developed and some major emerging-market economies will battle against low inflation in 2015, says Morgan Stanley."Economic growth won't be the big concern for markets in 2015. It will be the key concern for the economies.
• SGX chief executive Magnus Bocker apologized for the latest market disruption, saying that the market operator takes full responsibility.
• Singapore’s Purchasing Managers' Index (PMI) dipped slightly in November to 51.8, down 0.1 from October's three-and-a-half-year high of 51.9
• OCBC Investment Research is maintaining its "overweight" recommendation on Singapore's land transport sector as it expects the growth momentum seen in 2014 will sustain into 2015 based on both near-term and longer-term factors.
• China New Town Development is selling its town development project in Wuxi for RMB1.13 billion ($227 million).

Singapore STI Technical Analysis Report 2nd Dec

Market Review for STI:
Shares of Singapore opened up with the Straits Times Index up 24.47 points to 3,330.11.Singapore shares moved up in morning as oil prices rebound from five-year lows prompted short-covering. Therefore Market breadth was slightly positive but Investors at large remained worried.

STI Day Performance
Open	3322.32
High	3337.57
Low	3304.83
Close	3322.32
Change(Points)	16.68
% Change	0.50 %
Volume	1159.7
Rise	204
Fall	155
Unch	427

Market forecast for STI:
STI may go down as we can see a bearish movement in the market though the market was little up.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3330	3290	3280	3340	3355	3365

Technical Indicators:
RSI is at 54 and CCI is at 15.26

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
SIA.SG	10.9	2.83	CITYDEV.SG	9.89	-1.69
OLAM INTL.SG	2.13	2.4	HONGKONGLAND USD.SG	6.77	-1.17
THAIBEV.SG	0.675	2.27	SIA ENGINEERING.SG	4.07	-0.97
GOLDEN AGRI-RES.SG	0.455	2.25	JMH USD.SG	62.05	-0.56
OCBC BANK.SG	10.39	1.66	KEPPEL CORP.SG	8.53	-0.35

Important Factor for today:-

• SINGAPORE - Falling oil prices pushed the ringgit to a 10-month low against the Singapore dollar on Monday, on concerns that Malaysia's heavy reliance on oil-related revenue would hurt growth.
• One Singdollar now buys RM2.63, a 2.3 per cent slide from RM2.57 last week. This was the ringgit's steepest two-day slide since the Asian financial crisis, and analysts expect that it will fall further.
• Asian shares were mixed on Tuesday following a weak lead from Wall Street, while energy firms clawed back some losses and airlines dipped after oil prices rebounded from multi-year lows
• Too much optimism has been "baked into" Singapore's office property market, even though landlords can still expect favourable rental prospects over the next 12 months amid a benign supply situation, according to AmFraser.
• Spackman Entertainment Group has inked a non-binding memorandum of understanding to buy 51 per cent of post-production house Fireworks Co, the Korean entertainment production company announced early Tuesday.
• (SGX) has hired TradingScreen to create its over-the-counter Asian bond trading platform, TradingScreen announced on Tuesday.

SGX Singapore : Market Outlook for 17th Nov

Market Review for STI:
Share prices opened lower with the Straits Times Index down 4.82 points to 3,310.85.Asian markets mostly fell today with Tokyo tumbling almost two percent after data showed Japan's economy had slipped into recession, while Hong Kong and Shanghai were mixed on the first day of a landmark link-up between the two indexes. On a year-on-year basis, NODX declined by 1.5 per cent in October 2014, in contrast to the 0.9 per cent growth in the previous month, due to a decrease in both electronic and non-electronic NODX. On a y-o-y basis, NODX to all of the top 10 NODX markets, except Thailand, South Korea, Taiwan, Japan, the EU 28 and China, declined in October 2014.

okSTI Day Performance
Open	3310.53
High	3314.23
Low	3285.60
Close	3288.67
Change(Points)	-27.00
% Change	-0.81%
Volume	1210.1M
Rise	131
Fall	302
Unch	352

Market forecast for STI:
As Singapore stock market consist of stocks from other countries also the effect of dip in Japan’s economy will result in dipping down of STI.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3280	3270	3260	3320	3330	3340

Technical Indicators:
RSI is at 54 and CCI is at 63.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
JMH USD.SG	60	1.01	THAIBEV.SG	0.715	-5.92
CITYDEV.SG	9.59	0.84	OLAM INTL.SG	2.16	-4
WILMAR INTL.SG	3.17	0.63	SEMBCORP MARINE.SG	3.38	-2.31
KEPPEL CORP.SG	9.16	0.33	GOLDEN AGRI-RES.SG	0.455	-2.15
JARDINE C&C.SG	40.63	0.32	DBS.SG	19.3	-2.08

Important Factor for today:-

• STI are moving towards 3,350 which is a resistance. Current STI is at 3,315 points. The bull is tired but still on top. It is not time to be aggressive buyer and all long positions must be protected with stops.
• OFFSHORE marine services firm Pacific Radiance announced a joint venture had won a long-term charter contract worth over US$140 million (S$181 million).
• PROPERTY giant CapitaLand has entered into a 50-50 joint venture with a subsidiary of Indonesian real estate, auto and mining group Credo Group to develop an integrated development in Central Jakarta.
• NON-OIL domestic exports last month were a tad higher than in September but they dipped 1.5% from a year ago. And the outlook doesn't look good, with leading indicator - non-oil retained imports of intermediate goods - falling from the previous month.
• Linc Energy on Saturday afternoon reported net profit of A$106 million (S$120 million) from a A$40.9 million loss a year ago, for its first quarter ended Sept 30, 2014. This is primarily a result of the sale of the Carmichael Royalty Deed to the Adani Group.