STI & KLCI Technical Report for 23rd April

Market Review for STI:
Today STI Opened at 3258.56 and came in a bullish trend after a consolidate move for last three days, it made a high of 3277.53 and closed at the same. It formed a green candle for the day.

STI Day Performance				Open	3258.56
High	3277.53	% Change	0.67%	Close	3277.53
Low	3255.64	Volume	2063.7M	Fall	122
Change(Points)	21.70	Rise	296	Unch	654

Market forecast for STI:
A Green candle with a long real body was formed for the day with a short shadow. After three days of range bound trading today STI made a long candle for the day & take a bullish move. Marubozu pattern was formed for the day. Today STI break the high of 24th July 2013 a high point from last 11 Months, expected to take an up move for the coming sessions.

STRAITS TIME LEVELS
Support 1	3267
Support 2	3255
Support 3	3240
Resistance 1	3288
Resistance 2	3307
Resistance 3	3320

Technical indicators:
RSI is above the centre line @75.36 is about to move in overbought level. Where CCI is @ 149.49.
Important Factor for today:-

• Mapletree Logistics Trust posted 1.89 Sg Cents for its Q4DPU
• Ascendas Reit posted 3.5 Sg Cents for its Q4 DPU where the distributable income was 85.3 Million
• Gerard Ee elected as a President of Institute of Singapore Chartered Accountants.

Market Review for KLCI:
A short green candle was formed for the day where KLCI opened at 1862.90 and made a high of 1866.42 and gave the same closing with a low of 1816.90

KLCI Day Performance				Open	1862.90
High	1866.42	% Change	0.19%	Close	1866.42
Low	1861.90	Volume	2609 M	Fall	404
Change(Points)	3.49	Rise	455	Unch	1289

Market forecast for KLCI:
 After taking a long up move yesterday KLCI maintain itself above the support level of 1850 and now is in an uptrend as a green candle with a little lower shadow was formed for the day. By observing the last three trading session KLCI is now in an uptrend and buyers are more interested now.
Technical indicators:
RSI is above the centre line @64.26 else CCI is @175.54

Singapore & Malaysia Stock market Analysis for 22nd April

Market Review for STI:
Today STI opened at 3260.78 and made a high of 3264.21 later pressure was seen in the market and it made a low of 3250.91 while closed at 3255.83. There was the volume of 1706.5Million.

STI Day Performance
Open	3260.78
High	3264.21
Low	3250.91
Close	3255.83
Change(Points)	2.03
% Change	0.06%
Volume	1706.5M
Rise	176
Fall	217
Unch	679

Market forecast for STI:
A Red candle was formed for the day a Spinning Top candle was formed with a short real body and short upper and lower shadow. As published in our weekly report; that STI would take some corrections, today it formed a red candle for the day and is expected to be in same correction mode for few trading sessions.
Technical indicators:
RSI is above the centre line @72.09 is about to move in overbought level. Where CCI is @ 130.87.

STRAITS TIME LEVELS
Support 1	3245
Support 2	3230
Support 3	3215
Resistance 1	3265
Resistance 2	3280
Resistance 3	3295

Important Factor for today:-

• 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.
• Trading in Chemoil will be suspended from 5 May 2014 as Friday 2nd May will be the last trading for Chemoil. 

Market Review for KLCI:

Today KLCI opened at 1851.61 and took the up move, made a high of 1864.94 and gave closing near to its high at 1862.93 while at the time of opening KLCI opened down with a lower side of 1849.68.

KLCI Day Performance
Open	1851.61
High	1864.94
Low	1849.68
Close	1862.93
Change(Points)	10.24
% Change	0.55%
Volume	2608.9M
Rise	523
Fall	326
Unch	1299

Market forecast for KLCI:
A long green candle was formed for the day with a long real body and short upper and lower shadow. As KLCI has recovered from down side and now is in a complete uptrend and looks forward to break its resistance of 1872 in the coming trading days.
Technical indicators:
RSI is above the centre line @62.42 else CCI is @111.71

KLCI LEVELS
Support 1	1852
Support 2	1840
Support 3	1825
Resistance 1	1872
Resistance 2	1885
Resistance 3	1899

Singapore SGX: Technical View Of STI

Market Review:
Singapore shares continue the down trend and traded below 3000 mark and closed well below this level.

Market forecast:

• STI opened with gap down @ and crossed its major support level and took support multiple support zone of 2989-2985 mark and closed near to day low with loss of 1.20%.
• STI crossed its 3000 mark and traded below this level whole day and closed @ 2990 mark just near to day low, for this bearish move STI made a candlestick pattern called long black line; this is a single and highly bearish candle.
• As STI crossed its 3020 mark so we expect more down side movement in STI and it can touch 2950-2920.

 

STRAITS TIME LEVELS		STI Day Performance
Support 1	2970	Open	3011.41
Support 2	2950	High	3015.16
Support 3	2930	Low	2989.00
Resistance 1	3015	Close	2990.95
Resistance 2	3035	Change(Points)	-36.27
Resistance 3	3055	% Change	-1.20
		Volume	1488.1M
		Rise	126
		Fall	245
		Unch	415

Support:
STI having immediate support @ 2970 level and below this level it can take support @2950-2930 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3015 and above this level it may take resistance @ 3035-3055.
Technical indicators:
Technical indicators MACD, RSI and CCI are turning.

Important Factor for today:
China’s official non-manufacturing Purchasing Managers’ Index (PMI) fell to 53.4 in January from December's 54.6, putting further strains on the market, as pressures from the massive sell-off in emerging markets show little sign of abating.

Top 5 Gainers			Top 5 Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
DBS	16.54	0.42	JSH 500US$	31.32	-3.63
ComfortDelGro	1.94	0.26	Genting SP	1.34	-2.9
Capitaland	2.76	0	HKLand US$	5.86	-2.66
Noble Grp	0.95	0	CapMallsAsia	1.715	-2.56
Wilmar	3.11	-0.32	JMH 400US$	52.35	-2.3

Important factor to watch this week 3rd to 7th Feb 2014:
S'pore Jan PMI
S'pore Jan foreign reserves
US Jan employment situation
 Corporate Action & Result Calendar as on 4th Feb 2014

Company Name	Type	Expiry Date	Record Date	Date Paid/Payable	Particulars
CDL HOSPITALITY TRUSTS	DIVIDEND	04 Feb 2014	06 Feb 2014	28 Feb 2014	010713 - 311213 SGD 0.0093 TAX EXEMPT
CDL HOSPITALITY TRUSTS	DIVIDEND	04 Feb 2014	06 Feb 2014	28 Feb 2014	010713 - 311213 SGD 0.0463 LESS TAX
FRASER AND NEAVE, LIMITED	DIVIDEND	04 Feb 2014	06 Feb 2014	18 Feb 2014	SGD 0.12 ONE-TIER TAX
FRASERS CENTREPOINT LIMITED	DIVIDEND	04 Feb 2014	06 Feb 2014	18 Feb 2014	SGD 0.0173 ONE-TIER TAX
STI ETF	DIVIDEND	04 Feb 2014	06 Feb 2014	20 Feb 2014	SGD 0.043 ONE-TIER TAX
TRIYARDS HOLDINGS LIMITED	DIVIDEND	04 Feb 2014	06 Feb 2014	18 Feb 2014	SGD 0.02 ONE-TIER TAX

Weekly Technical Analysis on Singapore STI

Weekly wrap of STI:

Singapore shares ended lower for January 2014 tracking falls in the wider region after manufacturing data from China disappointed and the U.S. Federal Reserve made another cut to bond buying. (Trading Tips)

Week starts with huge gap @ 3038.99 and then it made week High @ 3068.05 and then it fell badly again and took support on week low of 3012.26 and finally closed 3021.98 with loss of 54.81 points down by 1.76% wow basis.

STRAIT TIMES WEEKLY WRAP
OPEN	3038.99
HIGH	3068.05
LOW	3012.26
CLOSE	3021.98
CHANGE (In Points)	-54.81
% CHANGE	-1.76%

Macroeconomic factors:

• Singapore December M1 Money Supply Rises Marginally to S$154.60 Bln.

• Singapore inflation eased at averaged 2.4 % for the whole of 2013, "sharply lower" than the 4.6 % in 2012, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said in a joint statement on Thursday.

Market Forecast for week ahead:

• STI faced free fall in this week, fell below its 200 week MA level of 3021.69 and looking more week.
• STI formed candlestick pattern called Falling Window as opened with huge gape, so made a window between previous week low and this week high level and this difference called Falling window. This pattern is bearish pattern and can move more down side.
• For the coming week we can expect some more downward if STI will continue to sustain below 3015 and next level for bearish move will be 61.8% retracement i.e. 2975 level.
• Singapore Purchasing Managers' Index (PMI) will be announce on 5^th Feb 2014.

S 1	S 2	S 3	R 1	R 2	R 3
3015	2975	2950	3050	3075	3095

STI Resistance:

• STI having Resistance @ 3050 and above this level it may take resistance from 3075-3095 levels. (free trading Signals)

STI Support:

• STI having nearest support @ 3015 below this 2975-2950 will be the support area for market. (Trading Tips)

Technical Indicators:

Technical indicators are in downtrend .MACD, RSI and CCI all are moving down.

Corporate Action & Result Calendar as on 3^rd Feb 2014

Company Name	Type		Expiry Date	Record Date	Date Paid/Payable	Particulars
SIA Engg	3rd Quarter Results
GDS GLOBAL LIMITED	DIVIDEND	03 Feb 2014		05 Feb 2014	24 Feb 2014	SGD 0.007 ONE-TIER TAX
MERMAID MARITIME PUBLIC CO LTD	DIVIDEND	03 Feb 2014		05 Feb 2014	21 Feb 2014	USD 0.0086 LESS TAX

Weekly Technical View on Singapore Stright Time Index

Weekly wrap of STI:
Singapore shares tracked losses and heading for their biggest weekly loss in more than 3-1/2 months, Index slipped after disappointing Chinese manufacturing data raised concerns over the economy.
 
Week starts with flat node and initially traded in very narrow and same range below 50 day MA level, and mid of the week STI crossed its support level and badly fell 3100 mark. STI was opened @ 3137.26 and then it made a high of 3142.05 , and faced resistance at that level and fell down , took support at 3071.28 and finally closed at 3075.99 with loss of 71.34 points down by 2.27% wow basis.

Macroeconomic factors:

• Singapore inflation eased at averaged 2.4 % for the whole of 2013, "sharply lower" than the 4.6 per cent in 2012, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said in a joint statement.
• Singapore 4Q Private-Home Prices Fall 0.9% on Qtr Vs +0.4% in 3Q.
• Singapore's manufacturing sector expanded by a surprising 6.2%in December compared to a year ago, as a 22.2% jump in electronics output helped to offset a 14.9 % contraction in the biomedical manufacturing cluster. Excluding the volatile biomedical sector, industrial production would have grown an even stronger 12.1% year-on-year.
• Singapore's private home prices fall first time since Q1 2012, down 0.9% in Q4

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3060	3030	3010	3115	3135	3150

STRAIT TIMES WEEKLY WRAP
OPEN	3137.26
HIGH	3142.05
LOW	3071.28
CLOSE	3075.99
CHANGE (In Points)	-71.34
% CHANGE	-2.27%

Weekly Technical view on STI

Market Forecast for week ahead: 

STI faced tremendous resistance at its 3140-45 mark this week, index didn’t even crossed its 50 week MA and fell badly below 3115 mark and crossed 3100.

STI formed long black candle which is highly bearish candlestick pattern. This is a single and strong candle which denotes more bearishness. It visually indicates a transfer of power and sentiment from the bulls and the bears.

For the coming week we can expect some more downward if STI will continue to sustain below 3100 and next level for bearish move will be 3050-3015.

STI Resistance: 

STI having Resistance @ 3115 and above this level it may take resistance from 3135-3150 levels.

STI Support:

STI having nearest support @ 3060 below this 3030-3010 will be the support area for market.

 

Technical Indicators:
Technical indicators are in downtrend .MACD, RSI and CCI all are moving down.

Corporate Action & Result Calendar as on 27^th January 2014

Company Name	Type		Expiry Date	Record Date	Date Paid/Payable	Particulars
ASCOTT RESIDENCE TRUST	DIVIDEND	27 Jan 2014		29 Jan 2014	27 Feb 2014	010713 - 311213 SGD 0.00269 TAX EXEMPT
ASCOTT RESIDENCE TRUST	DIVIDEND	27 Jan 2014		29 Jan 2014	27 Feb 2014	010713 - 311213 SGD 0.02814
ASCOTT RESIDENCE TRUST	DIVIDEND	27 Jan 2014		29 Jan 2014	27 Feb 2014	010713 - 311213 SGD 0.00615 LESS TAX
CACHE LOGISTICS TRUST	DIVIDEND	27 Jan 2014		29 Jan 2014	25 Feb 2014	011013 - 311213 SGD 0.0003
CACHE LOGISTICS TRUST	DIVIDEND	27 Jan 2014		29 Jan 2014	25 Feb 2014	011013 - 311213 SGD 0.02107 LESS TAX
FRASERS CENTREPOINT TRUST	DIVIDEND	27 Jan 2014		29 Jan 2014	28 Feb 2014	011013 - 311213 SGD 0.025 LESS TAX
JAYA HOLDINGS LTD	DIVIDEND	27 Jan 2014		29 Jan 2014	12 Feb 2014	SGD 0.01 ONE-TIER TAX
MAPLETREE INDUSTRIAL TRUST	DIVIDEND	27 Jan 2014		29 Jan 2014	06 Mar 2014	1OCT-31DEC, DRP SGD 0.0014
MAPLETREE INDUSTRIAL TRUST	DIVIDEND	27 Jan 2014		29 Jan 2014	06 Mar 2014	1OCT-31DEC, DRP SGD 0.0237 LESS TAX
OSIM	Full Year Results
Chosen	Half Year Results
China Essen	3rd Quarter Results
Chew's Gp	AGM
Keong Hong	AGM
F & N	AGM & EGM
China Fish	AGM & EGM
Marco Polo	AGM & EGM
Pac Andes	SGM & AGM

Weekly Technical Analysis of Singapore STI

Weekly wrap of STI:

STI were struggling to cross its previous week high but can’t able to cross that level and traded in a same range however closed down from opening.

Week starts with higher opening @ 3150.74 levels and then it fell down and made week low at 3115.80 below 3120 support level. After taking support on lower levels it recovers and made high of 3155.89 and then closed at 3147.33 with gain of 3.51 points up by 0.11% wow basis.

Macroeconomic factors:

Singapore's non-oil domestic exports (NODX) beat expectations to grow 6 % year-on-year in December, turning around from a revised 8.9 % fall in November to stage its strongest rise in more than a year.

Month-on-month, the NODX also rose a seasonally-adjusted 9.2 % in December, reversing November's 4.2% contraction. This too, beat the median forecast of 2.8%.

Market Forecast for week ahead:

• STI faced tremendous resistance at its 3155 level this week, didn’t crossed this high. Faced selling pressure at higher levels and crossed support level.

• STI formed candlestick pattern called Tweezers top, where 2 consecutive candles shares a same level of High and cant able to cross this high. Here in STI faced resistance @ 3153-3155 mark from last 2 weeks and cant able to sustain above this. The Tweezers Top reversal pattern is extremely helpful because it visually indicates a transfer of power and sentiment from the bulls and the bears.
• For the coming week we can expect some more upward move if it will maintain above 3155 levels than it could touch 3190-3220 mark and on the other side if STI crossed its 3120 mark then we will see more downside movement.

STI Resistance:

• STI having Resistance @ 3155 and above this level it may take resistance from 3175-3190 levels.

STI Support:

• STI having nearest support @ 3120 below this 2995-2965 will be the support area for market.

Technical Indicators:

Technical indicators are in downtrend .MACD, RSI and CCI all are recovering.

S1	S2	S3	R 1	R 2	R 3
3020	2995	2965	3155	3175	3190

STRAIT TIMES WEEKLY WRAP
OPEN	3150.74
HIGH	3155.89
LOW	3115.80
CLOSE	3147.33
CHANGE (In Points)	+3.51
% CHANGE	+0.11%

Weekly Technical view on STI

SINGAPORE SGX: Technical view on Straits Time Index (12 Dec)

Market Review:

Singapore Index extended losses for a 7th session, down 0.7% at their lowest close since September 2013.while most Asian share markets lurched lower as investors booked profits on a range of once-crowded positions, largely to the benefit of bonds and the detriment of the U.S. dollar.

Singapore shares open @ 3077.16 and then it made day high @ 3082.43 but can’t able to sustain this level and fell down badly crossed major support zone of 3065 and made day low @ 3056.55 also closed at 3060.74 with loss of 20.98 points down by 0.68%.

Some 1.43 billion shares, valued at S$1.06 billion were traded. Gainers numbered 106 while losers numbered 289.

STRAITS TIME LEVELS
Support 1	3040
Support 2	3015
Support 3	2990
Resistance 1	3095
Resistance 2	3120
Resistance 3	3140

 Market forecast:

STI trading below its 3 months lower levels and today it closed below support level of 3065 mark, which is bearish sign for market.

STI again formed a long black candlestick pattern which opens on day high or near to day high and closed at day low, all day bears were dominate bulls and finally win the battle for a day. This single candle is bearish in nature and shows more down trend in near future.

As per the technical outlook of STI, currently it is in bearish trend and also crossed its major support zone 3065. So for further improvement in trend STI need to maintain it self above 3165 mark.

Support:

STI having immediate support @ 3040 level and below this level it can take support @3015-2990 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3095 and above this level it may take resistance @ 3120-3140

Technical indicators:

Technical indicators MACD, RSI and CCI are turning lower.

SGX Updates: Technical view on STI for 10th Dec

Market Review:

Singapore Index STI were stable after a 4 straight days losing streak, supported by positive sentiment in the regional market after China released upbeat trade data.

STRAITS TIME LEVELS
Support 1	3095
Support 2	3065
Support 3	3040
Resistance 1	3130
Resistance 2	3150
Resistance 3	3165

Singapore shares open @ 3122.14 and then it made day high @ 3126.01 but can’t able to sustain this level and fell down. Took support at 3108.18 level and also closed on lower levels with loss of 0.530 points @3113.64 down by 0.02%

Some 2.35 billion shares, valued at S$1.01 billion were traded. Gainers numbered 210 while losers numbered 186.

Market forecast:

STI trading below its support line of triangle pattern and continuously crossing all support level which is bearish signal for coming days.

As per the technical outlook of STI , currently it is in bearish trend and also crossed its ajor support zone 3100 in last week. So for further improvement in trend STI need to maintain it self above 3165 mark.

Support:

STI having immediate support @ 3095 level and below this level it can take support @3065-3040 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3130 and above this level it may take resistance @ 3155-3165

Technical indicators:

Technical indicators MACD, RSI and CCI are turning lower.

Singapore Market: STI Weekly Technical Analysis ( 9th - 13th Dec )

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3095	3065	3035	3160	3195	3235

STRAIT TIMES WEEKLY WRAP
OPEN	3177.87
HIGH	3197.09
LOW	3098.80
CLOSE	3114.17
CHANGE (In Points)	-62.17
% CHANGE	-1.96%

Weekly Technical view on STI

Weekly wrap of STI:

Week starts on positive node but after some range bound movement, Index crossed its support level and fell badly below its 3 month lower level Singapore underperforming the region as fears over a possible reduction in the U.S. Federal Reserve's stimulus dented the sentiment and U.S. job data.

Week starts @3177.87 and then it recovers some point and made week high @ 3197.09 and it faced resistance at that level and fell badly breaching all the support level and made week low below 3100 @ 3098.80 and finally closed @ 3114.17 with loss of 62.17 points down by 1.96% wow basis.

. 

Market Forecast for week ahead:

• STI closed below its 3 months lower level after making low below 3100 mark. On the weekly graph STI traded below 50 week MA level.
• STI given breakout from its technical pattern called symmetrical triangle and closed below this, as it was taking support its 3160 mark since long and now it traded below this level which is bearish.
• STI crossed its 3100 mark, but closed above 3100, for the coming days if STI maintain above 3160 mark then it can be recover.

STI Resistance:

• STI having Resistance @ 3160 and above this level it may take resistance from 3195-3235 levels.

STI Support:

• STI having nearest support @ 3095 below this 3065-3035 will be the support area for market.

Technical Indicators:

• Technical indicators are in downtrend .MACD, RSI and CCI all are in down territory.

Singapore Stock Market: Technical view on STI

Market Review:

Singapore equities open flat and closed in negative numbers. 
Singapore shares open @3181.90 levels which is lowest level of the day and then STI took support at this level and made day high @ 3197.09 and finally closed @ 3187.67 with loss of 1.090 points down by 0.03%.
Some 1.39 billion shares, valued at S$851.7 million were traded. Gainers numbered 166 while losers numbered 237.

STRAITS TIME LEVELS
Support 1	3160
Support 2	3145
Support 3	3125
Resistance 1	3205
Resistance 2	3215
Resistance 3	3235

Market forecast: 
STI took support at its up slopping trend line, which made by higher lows and STI closed with good gain. Also STI closed above its 50 & 200 day MA level.
As we mention in our weekly report that STI trading within a symmetrical triangle and also maintain itself to be within a formation so we can expect some recovery if it will maintain the same.
STI trading at support levels and taking halt @ 3162-3165 levels, so we can consider this level as a multiple support zone.

Support:

STI having immediate support @ 3160 level and below this level it can take support @3145-3125 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3205 and above this level it may take resistance @ 3215-3235

Technical indicators:

Technical indicators MACD, RSI and CCI are turning from lower.