Singapore Stock Market Updates for STI 21st Jan

Market Review for STI: Share prices opened higher with the Straits Times Index up 4.93 points to 3,338.95.Singapore stocks held on to modest gains, getting a lift from an uptick in most Asian markets. Investors preferred to wait for more developments, including the Bank of Japan's monetary statement today and the outcome of the European Central Bank's policy meeting tomorrow.

Market forecast for STI: STI may go up after the level crosses 3370 as we can see a bullish movement in the market. Stocks Tips

STI Day Performance

Open- 3336.58

High- 3354.46

Low- 3331.27

Close- 3354.46

Change(Points)- +20.44

% Change- +0.61%

Volume- 1982.4M

Rise- 222

Fall- 173

Unch- 396

Technical Indicators: RSI is at 55 CCI is at 42

STRAITS TIME LEVELS

Support 1- 3340

Support 2- 3320

Support 3- 3300

Resistance 1- 3360

Resistance 2- 3370

Important Factor for today:-

• The Infocomm Development Authority of Singapore (IDA) on Wednesday challenged the San Francisco Bay Area tech community to come out with innovative solutions to analyse the more than 8,000 open government data sets as the country strives towards becoming a Smart Nation.
• Auditing firm KPMG has joined the host of voices from the business community calling for government productivity schemes to be enhanced in the upcoming Budget.
• KEPPEL Land and parent Keppel Corp have postponed their post-results analyst and media briefing, according to a media advisory email sent out on Wednesday morning. The email mentioned that more details will be provided shortly.
• Asia Pacific investors are expected to increase their global real-estate allocation this year, with an estimated US$58.5 billion ($78.2 billion) of capital is set to flow into global real estate.
• CAPITACOMMERCIAL Trust, a real estate investment trust (Reit) holding central business district (CBD) offices, reported on Wednesday morning before trading hours a distribution per unit (DPU) of 2.15 cents for its fourth quarter ended Dec 31, 2014, up 2.9 per cent from 2.09 cents a year ago.
• investors preferred to wait for more developments, including the Bank of Japan's monetary statement today and the outcome of the European Central Bank's policy meeting tomorrow.