Singapore Stock Market Technical Analysis View

Market Review for STI:

Singapore Stock opened higher today where STI was up by 11.61 points to 3249.35 as it was a gap up opening after yesterday’s gap down opening. STI took the up move later and made a high of 3267.83 and gave closing at 3264.71.

STI Day Performance
Open	3249.35
High	3267.83
Low	3248.62
Close	3264.71
Change(Points)	26.97
% Change	0.83
Volume	1651.6M
Rise	190
Fall	198
Unch	688

Market forecast for STI:
STI formed a long green candle for the day with a little upper shadow. Today STI took a movement of almost 16 points. Marubozu pattern was formed for the day. Hence performing in a consolidate phase.
Technical indicators:
RSI is just above the centre line @62.35. Where CCI is @ 69.74

STI LEVELS
Support 1	3255
Support 2	3244
Support 3	3230
Resistance 1	3275
Resistance 2	3288
Resistance 3	3299

Important Factor for today:-

• Important Factor for today:-
• New housing loan applications down by 45% on YOY basis.
• Mapletree will acquire 49% stake in Oakwood Asia Pacific in a joint venture to target and acquire service apartment business in Asia.
• Data for unemployment published for 1Q2014 with a rise of 2.1 % in unemployment rate where it was 1.8% in Dec2013.
• Bank lending in Singapore grew a bit faster by 0.6% in march as total loans grew to S$ 587.7 billion in March.
• 11% of gain posted by Yangzijiang Shipbuilding for 1Q2014 whereas net profit attributable to shareholder rose to 799.2million Yuan, as revenue grew 24% to 3.6 billion Yuan.

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Noble	1.285	3.21	CityDev	10.83	-2.17
UOB	21.76	2.74	JSH 500 USD	35.7	-1.11
Global Logistic	2.85	2.52	SIA Engineering	4.79	-0.83
OCBC Bank	9.65	1.9	ST Engineering	3.82	-0.78
Golden Agri-Res	0.61	1.67	Sembcorp Ind	5.37	-0.56

Market Review for KLCI:
KLCI opened flat today at 1859.32 at the same level as of yesterday’s closing and made a high of 1871.52 and gave closing to the same level it formed a green candle for the day.

KLCI Day Performance
Open	1859.32
High	1871.52
Low	1857.07
Close	1871.52
Change(Points)	12.18
% Change	0.66
Volume	1506.8M
Rise	362
Fall	419
Unch	1380

Market forecast for KLCI:
A long green candle was formed for the day with a long real body and a short lower shadow today KLCI touched a four months high of 1871 and is trading at the peck point.

KLCI LEVELS
Support 1	1850
Support 2	1835
Support 3	1880
Resistance 1	1890
Resistance 2	1905
Resistance 3	1850

Technical indicators:
The technical indicators are strong on the chart as RSI is at 63.80 & CCI is at 124.84

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
ASTRO	3.33	4.06	PCHEM	6.73	-1.03
DIGI	5.54	2.78	SKPETRO	4.31	-0.46
TM	6.2	2.48	IOIPG	2.68	-0.37
IOICORP	5	2.46	UMW	10.76	-0.37
MAYBANK	9.9	1.85	GENTING	9.8	-0.3

Singapore & Malaysia Stock Market Weekly Review

Weekly Technical view on STI

Weekly wrap of STI:

This was the good week for STI & it made a Green candle for this week continuing the bullish trend of last week as there was a gap up opening of around 8 points in this week.

STI cover the range of 34 points for this week. A spinning top candle was formed for this week and with a short real body. As the whole week was full of Q1 result & dividend distributed by the counters so the bullish trend is expected in the coming week.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3250	3230	3200	3280	3300	3330

Macroeconomic factors:

• Singapore consumer price or inflation rose by 1.2% in March, where food inflation rose by 2.9% & health care inflation by 3.4%
  
• A fall of 22% reported in net profit of Singapore Exchange a net profit of S$ 75.8 million was reported
• Gerard Ee elected as a President of Institute of Singapore Chartered Accountants.
• CapitaMall Asia made a jump of 2.8% to S$75.3 million in Net Profit for 1Q 2014.
• RH Perto Gas Investments proposed sale of 49% Stake in RHP for US $ 2.79Million
• Shares in Catalist listed SHC Capital Asia surged on Monday that it is discussing a sale of its core insurance business

Market Forecast for week ahead:

The market is moving in the uptrend and is supported by the good volume the technical indicators are also positive for the next week. The expected range for the coming week of STI would be 3250- 3300.

In the coming week there will be many counters like MapleTree, ThaiBev,SGX, CapitaMalls Asia, OCBC Bank and many more which will be delivering there dividend so the fundamental will be supportive for the up move of STI.

STRAIT TIMES WEEKLY WRAP
OPEN	3260.78
HIGH	3284.70
LOW	3250.09
CLOSE	3267.57
CHANGE (In Points)	13.77
% CHANGE	0.42 %

Technical Indicators:

Technical Indicators are showing the uptrend where RSI is above the centre line @52.27 else CCI is @ 181.57 which means that there is still a fair move for STI to take upside.

Weekly Technical view on KLCI

Weekly wrap of KLCI:

KLCI opened at 1851.61 for this week, took the uptrend and made a high of 1870.89 and closed at 1860.98 for this week. A green candle was formed for this week. For this week KLCI make a movement of almost 20 points.

A Inverted hammer Pattern was formed for this week with a long real body and a long upper shadow. 20 Days EMA is @1830 where the 50 Days EMA is @ 1792.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1845	1825	1800	1875	1890	1915

Market Forecast for week ahead:

KLCI is performing at its peak and is able to sustain itself form last three week so it can be said that now it is above the crucial level and expected to break the resistance.

Technical Indicators:

Technically KLCI is having a bullish trend on the chart where CCI is @121.03 & RSI is about to enter in the overbought range @62.83

KLCI WEEKLY WRAP
OPEN	1851.61
HIGH	1870.89
LOW	1849.68
CLOSE	1860.98
CHANGE (In Points)	8.29
% CHANGE	0.44 %