Singapore STI & Malaysia KLCI Tachnical Analysis

Market Review for STI:

Singapore shares opened higher today, STI was up by 3.00 points to 3,256.20 where ended 0.02 per cent higher today.

STI opened at 3257, took a down trend and made a low of 3246.66 later gave closing at 3253.80. a Red candle was formed for the day.

Open- 3257.52        High- 3259.07 Low -3246.66         Close -3253.80 Change(Points) -0.60

% Change -.02%        

Volume -1798M        Rise -216        Fall – 199                Unch -657

Market forecast for STI:

Today STI formed a Red Doji candle for the day with a real short body and a short upper & long lower shadow. As STI made a gap up opening with 4 points and formed a Red Doji candle. As published in the yesterday’s report STI has formed a Red candle and is in a correction mode.

Technical indicators:

RSI is above the centre line @71.77 is about to move in overbought level. Where CCI is @ 120.60

STRAITS TIME LEVELS
Support 1	3243
Support 2	3230
Support 3	3215
Resistance 1	3263
Resistance 2	3275
Resistance 3	3288

Important Factor for today:-

• Singapore Non Oil Domestic export fell 6.6 on where there was a jump of 8.9% in Feb. Reason for the downfall was decline in electronics and non-electronics shipments, electronic export droped 3.7% Feb where 16.1% in Mar.
• CapitaLand Limited has signed an agreement to acquire an additional 80% interest in CapitaLand (Beijing) Kai Heng Holdings Pte. Ltd. from CapitaLand China
• Development Fund Pvt. Ltd.. The cash consideration for the Acquisition is RMB220.2 million, approximately S$45.1 million.

Market Review for KLCI:

Malaysia stock took upside at opening where KLCI up by 3 points to 1847.4, ended higher by 5.17 points and closed at 1,850.54.

 Open - 847.40         High -1852.13 Low -1847.40         Close -1850.54 Change(Points) -5.17

% Change – 0.28%  

Volume -2522.4M     Rise -406  

Fall -409                 Unch -1330

Market forecast for KLCI:

KLCI formed a Green candle for the day with a long real body and a short upper shadow as yesterday a Red candle was formed and was expected that the KLCI would break the major support of 1850 but today it took the up move and was able to sustain itself above the crucial support. Hence a consolidation is expected for further trading sessions.

KLCI LEVELS
Support 1	1838
Support 2	1828
Support 3	1818
Resistance 1	1851
Resistance 2	1860
Resistance 3	1870

Technical indicators:

RSI is above the centre line @54.91 else CCI is @22.68

Singapore & Malaysia Market Daily Update

Strait Times Index

Weekly wrap of STI:

This week was a range bound week for the STI, as it opened at 3203.05 further made a high of 3215.95, else went down till 3198.22. It formed a red candle for the week.

STI formed a Spinning Top Candle for this week on the weekly chart which is also called as the long Legged Doji where it has a small real body with a long upper and lower shadow.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3180	3160	3135	3220	3242	3265

Macroeconomic factors:

• Ezion Holding Limited had entered in the agreement with JK Tech Holding where JK Tech will allot 42,000,000 ordinary shares @ S$0.09 per option to Ezion Holding.
  
• SGX announced that the customer will have a direct access to transparent clearing services, this will effect greater optional efficiency and cost saving through its platform.So companies and banks who want to hedge their exposure between the Thai baht and Malaysian ringgit through non-deliverable interest rate swaps (NDIRS) are now able to do so directly at the Singapore Exchange (SGX), instead of going through their banks.
• Intellectual Property Office of Singapore launched a new S$ 100 Million intellectual Property Financing Scheme to help the local business.
• 0.2 % up in resale price of non-landed private homes in march.
• OCBC has price US$1 Billion fixed rate subordinated notes under US$10Billion Global Medium Term Note Programme. Notes are priced at 99.40%

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. STI formed a red candle for the week but still it was able to maintain itself above the trend line drawn in the chart @ 3200.

As the Red Spinning Top candle was formed for the week so it is expected that the market will take a reversal as Spinning Top is a reversal candle and we could see that the market can break the resistance in coming days.

STRAIT TIMES WEEKLY WRAP
OPEN	3203.05
HIGH	3215.95
LOW	3181.78
CLOSE	3198.22
CHANGE (In Points)	14.5
% CHANGE	0.45

Technical Indicators:

Technical Indicators are showing the uptrend where RSI is above the centre line @56.64 else CCI is @ 133.62 which means that there is still a fair move for STI to take upside.

KLCI

Weekly wrap of KLCI:

KLCI is still performing at the peak point of its life time, but for this week it formed a red candle on weekly chart. KLCI opened at 1856.52 and made a low of 1848.19 later it took the upside at 1862.90 and closed to the high at 1852.66

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1840	1825	1805	1865	1880	1900

Spinning Top Candle was formed for this week with a short real body and a long upper & short shadow.

 Market Forecast for week ahead:

KLCI is performing above the support line and is expected to take an uptrend as the Spinning Top pattern was formed where 20 days EMA 1823.80 & 50 days EMA is 1787.33

Technical Indicators:

Technically KLCI is having a bullish trend on the chart where CCI is @123.54 & RSI is about to enter in the overbought range @60.90

KLCI WEEKLY WRAP
OPEN	1856.52
HIGH	1862.90
LOW	1848.19
CLOSE	1852.66
CHANGE (In Points)	3.950
% CHANGE	0.21

Daily Technical Analysis Report For Singapore & Malysia

STI Day Performance
Open - 3197.97      High 3209.83       Low 3186.87          Close 3203.58
Change(Points) -6.34 %           Change -0.20                    Volume 1944.5M
Rise 206            all 219                Unch 644
Market Review for STI:

Gap down opening with 12 points made by STI in today’s session. Where STI opened at 3197.97 and took a up move, made a high of 3209.83. Later closed at 3203.58. A Green candle was formed for the day.
Market forecast for STI:
A Green Spinning Top candle was formed for the day with a short real body and the long upper and lower shadow. STI is now performing well as it is able to maintain itself above the support level of 3200 from few days but still its very near to the break down level. As 20 days EMA is @3164

STRAITS TIME LEVELS
Support 1	3193
Support 2	3180
Support 3	3165
Resistance 1	3213
Resistance 2	3225
Resistance 3	3240

Technical indicators:
RSI @63.98 is about to move in overbought level. Where CCI is @ 65.77
Important Factor for today:-

• Ezra EOC Report that there was a sharp increase in profit of US $44 Million in Q2 for FY 2014
• SPH REIT income distributed to unit holders was $34.9million for the Q2FY2014
• China Merchants Property Development made RMB 3.539 billion by realized contract signing sales area of 219700 square meters.
• Noble is about to sell 51% of agribusiness to Cofco.

Top Looser			Top Gainer
Scrip Name	CMP	%change	Scrip Name	CMP	%change
OCBC Bk	9.68	-0.31	HPH Trust US$	0.66	3.1
SGX	6.92	-0.57	CapMallsAsia	1.80	2.56
Wilmar	3.46	-0.57	CITYDEV	10.32	1.98
Capitaland	2.95	-1.01	Olam	2.24	1.36
CapitaMall	1.96	-1.01	Kep Corp	11.12	1.09

 
KLCI Day Performance
Open 1859.49           High 1860.28               Low 1855.56            Close 1859.52
Change(Points) 3.77            % Change 0.20                Volume 2079.6M
Rise 546                        Fall 307                    Unch 1280

KLCI LEVELS
Support 1	1853
Support 2	1845
Support 3	1835
Resistance 1	1866
Resistance 2	1874

Market Review for KLCI:
  KLCI performed in a very tight range today, as the overall movement took by KLCI was almost 5 points. As it opened at 1859.49 and made a low of 1855.56 further gave closing near to high at 1859.52.
Market forecast for KLCI:
Green Doji candle was formed for the day. Which also looks like a Cross. Here the open and close for the day is almost same and the upper shadow is shorter than the lower shadow of the day.
Technical indicators:
RSI is above the centre line @63.84 else CCI is @87.44

Top Gainers			Top Looser
Scrip Name	CMP	%change	Scrip Name	CMP	%change
FGV	4.66	2.64	PETDAG	30.48	-0.07
IOIPG	2.79	2.57	PETGAS	23.98	-0.08
BAT	61.42	1.76	PCHEM	6.79	-0.29
ASTRO	3.34	1.21	RHBCAP	8.41	-0.35
GENM	4.29	1.18	IOICORP	4.86	-0.41

STI and KLCI Technical Analysis Outlook

Market Review for STI:

Singapore share opened flat today where STI made a gap down opening at 3186.43 further it took the upside move and made a high of 3211.96 and closed at the higher side at 3204.09, STI formed the green candle for the day.

STI Day Performance
Open	3186.43
High	3211.96
Low	3186.09
Close	3204.09
Change(Points)	+10.50
% Change	0.33
Volume	1945.9M
Rise	249
Fall	146
Unch	673

Market forecast for STI:

Today STI formed a green candle for the day with a long real body and a long upper shadow. After making two red candles on the daily basis today it made a long green candle and takes an up move. Today STI formed the Bullish Belt-Hold Line pattern for the day.

Technical indicators:

RSI is above the centre line @65.13 where CCI is @ 82.76

STRAITS TIME LEVELS
Support 1	3194
Support 2	3180
Support 3	3160
Resistance 1	3214
Resistance 2	3230
Resistance 3	3250

Important Factor for today:-

• 
  SGX announced that the customer will have a direct access to transparent clearing services, this will effect greater optional efficiency and cost saving through its platform.So companies and banks who want to hedge their exposure between the Thai baht and Malaysian ringgit through non-deliverable interest rate swaps (NDIRS) are now able to do so directly at the Singapore Exchange (SGX), instead of going through their banks.
• Intellectual Property Office of Singapore launched a new S$ 100 Million intellectual Property Financing Scheme to help the local business. 

Top Looser

Scrip Name	CMP	%change
JSH 500US$	35.25	-0.14
StarHub	4.18	-0.24
HKLand US$	6.52	-0.31
JMH 400US$	61.11	-0.62
HPH Trust US$	0.645	-0.77

Top Gainers

Scrip Name	CMP	%change
Noble Grp	1.28	4.92
Jardine C&C	48.55	3.08
GoldenAgr	0.59	2.61
SembMar	4.11	1.99
UOB	21.86	1.44

Market Review for KLCI:

KLCI opened flat today later was not able to take any upside and formed a Red candle for the day. Today low of 1851.37 was made where KLCI closed at 1852.31. Buyers were dominated by the sellers in today’s session.

KLCI Day Performance
Open	1861.03
High	1861.19
Low	1851.37
Close	1852.31
Change(Points)	-10.59
% Change	0.57
Volume	1894.9M
Rise	389
Fall	424
Unch	1312

Market forecast for KLCI:

A Long Red candle was formed for the day with a very little lower shadow, Red Marubozu pattern formation was there on the chart on the daily basis in which there is the long real body.

Technical indicators:

RSI is above the centre line @59.96 else CCI is @88.44 

KLCI LEVELS
Support 1	1842
Support 2	1830
Support 3	1815
Resistance 1	1862
Resistance 2	1875
Resistance 3	1890

 Top Gainer

Scrip Name	CMP	%change
TENAGA	11.8	1.03
IOICORP	4.84	0.83
RHBCAP	8.43	0.72
UMW	11.2	0.54

 Top Looser

Scrip Name	CMP	%change
BAT	59.6	-0.1
MISC	6.78	-0.29
MAXIS	6.94	-0.29
MAYBANK	9.74	-0.41
HLBANK	14.08	-0.42