singapore stock picks

Wednesday, July 23, 2014

Daily KLCI Technical analysis Report 23 July


Market Review for KLCI:
Malaysian stocks opened on a mixed note or can say slightly higher on getting a buying momentum with KLCI at 1870.41and closed higher today helped by the continued buying support in selected heavyweights. Most Asian stock markets were higher today as anxiety over the downing of Malaysia Airlines MH17 flight eased and investors shifted their focus to the US corporate earnings.
KLCI Day Performance
Open
1870.41
High
1873.70
Low
1869.39
Close
1871.83
Change(Points)
0.470
% Change
0.02%
Volume
2329.1M
Rise
468
Fall
393
Unch
794
Market forecast for KLCI:
Market may begin from 1870-1873 level anticipated to move up on eased tensions over the downing of Malaysia Airlines MH17 flight.

KLCI LEVELS
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
1860 1850 1835 1879 1896 1911
Technical indicators:
RSI stood below the centre line at 41.472 with its CCI at -146.35. Difference line of MACD performed at -1.463 below its signal line which performed at 1.147.

Top Gainers
Top Losers
Scrip Name CMP %change Scrip Name CMP %change
FGV 4.11 2.49 ASTRO 3.29 -2.66
MISC 6.63 1.69 PPB 14.18 -1.53
HLFG 17.5 1.51 PETDAG 19.34 -1.33
YTL 1.57 1.29 RHBCAP 9 -1.1
UMW 11.62 0.87 KLCC 6.36 -1.09
ECONOMIC FACTORS:
  • The Malaysian Automotive Association (MAA) revised upwards its total industry volume (TIV) forecast for this year to 680,000 units from the earlier target of 670,000 units.
  • The ringgit opened marginally higher against the US dollar quoting at 3.1735/1755 on renewed commercial demand for the domestic currency.
  • The Malaysian rubber market closed marginally lowers yesterday on stronger ringgit despite the rise on the benchmark Tokyo Commodity Exchange.
  • Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on weak demand amid bearish external sentiment.
  • The Malaysian Institute of Economic Research (MIER) does not expect Bank Negara Malaysia to step up borrowing costs in the immediate term.

Singapore SGX : STI Technical Review 23 July

Market Review for STI:
Share prices opened higher at 3327.54 with STI up 10.63 points. Consumer Confidence in Singapore remained stable at 98 index points in the Q2 of 2014, falling by just one point from the previous quarter. STI movement is seen exactly as per our predictions. Closing was observed at 3340.70.


STI Day Performance
Open
3327.54
High
3341.49
Low
3325.57
Close
3340.70
Change(Points)
+23.79
% Change
+0.72%
Volume
1656.4M
Rise
227
Fall
185
Unch
373
Market forecast for STI:
Property and service sector helped the index to move and the data came out to be positive which may result in further growth and the index may break the higher levels.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3320
3300
3280
3350
3365
3380
Technical indicators:RSI is at 71.47 .CCI is at 192.77. Index is above the 20&50 days EMA.
Top Gainers
Top Losers
Scrip Name CMP %change Scrip Name CMP %change
Olam Intl 2.53 2.85 Golden Agri-Res 0.55 -0.9
Global Logistic 2.78 2.21 CapitaMall Trust 2 -0.5
Jardine C&C 46.9 1.98 CityDev 10.42 -0.48
DBS 17.91 1.7 Sembcorp Marine 4.1 -0.24
ST Engineering 3.79 1.34 SPH 4.16 -0.24
Important Factor for today:-
  • Singapore Exchange strengthens ties in India, opens liaison office in Mumbai on approval from the Reserve Bank of India.
  • CONSUMER price inflation in Singapore eased more than expected to 1.8 per cent in June from 2.7 per cent in May, mainly on account of a more moderate increase in car prices.
  • Capitamall Trust recorded a 6.3% rise in Q2 distribution per unit to 2.69 Singapore cents, up from 2.53 cents a year ago on higher rental and high occupancy rates.
  • Frasers Centrepoint Trust reported a 6% rise in distribution per unit to 3.022 Singapore cents in the Q3 ended June 30.
  • Suntec Reit announced a distribution per unit of 2.266 Singapore cents for its Q2 ended June 30, 2014, a slight increase from 2.249 Singapore cents a year ago, to be paid on Aug 22, 2014.

Tuesday, July 22, 2014

SGX Singapore : STI Technical Outlook 22 July

Market Review for STI:
SINGAPORE share prices opened lower today with the Straits Times Index down 1.79 points to 3,311.68. Hong Kong stocks rose 0.34 per cent in the first few minutes of trade as tensions over the crisis in Ukraine eased after pro-Russian rebels handed over two black boxes from a downed Malaysia Airlines jet.STI opened at 3311.68 and the close was observed at 3316.91.
STI Day Performance
Open
3311.68
High
3321.62
Low
3309.27
Close
3316.91
Change(Points)
+2.64
% Change
+0.08
Volume
2086.6M
Rise
210
Fall
166
Unch
408
Market forecast for STI:
STI opened lower but closed higher following its uptrend. Though the day range is small but the trend is up which is expected to continue. We may expect that it will move in a range of 3310-3325.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3310
3300
3290
3325
3340
3350
Technical indicators:
RSI is above the centre line at 64.80 and CCI is at 143.68. Indicators are supportive to the bullish trend with index trading up of 20 & 50 days EMA.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
CapitaMall Trust
2.01
1.26
JSH 500 USD
35.8
-1.11
CityDev
10.47
1.16
Global Logistic
2.72
-1.09
StarHub
4.17
0.97
Olam Intl
2.46
-0.81
DBS
17.61
0.74
Ascendas Reit
2.32
-0.43
Sembcorp Marine
4.11
0.49
SGX
6.94
-0.43
Important Factor for today:-
  • SINGAPORE Exchange announced that its liaison office in Mumbai, India, has started operations following approval from the Reserve Bank of India.
  • Vard Holdings, the designer and shipbuilder of offshore and specialised vessels, today announced earnings for 2Q ended June (2Q2014) stood at NOK 105 million ($21 million).
  • First Sponsor Group is a developer and owner of residential and commercial properties in Chengdu and Dongguan, China, and also provides property financing services. The group is supported by prominent shareholders, Hong Leong Group Singapore and Tai Tak Estates Sendirian Berhad.
  • SUNTEC Reit announced a distribution per unit of 2.266 Singapore cents for its second quarter ended June 30, 2014, a slight increase from 2.249 Singapore cents a year ago.

Monday, July 21, 2014

SGX : STI Technical Analysis Reprot 21 July

Market Review for STI:
Singapore shares opened higher, with Straits Times Index at 3,313.83 in early trade, up 0.11 per cent. The equity markets had a good start today after Malaysian Airlines flight MH17 crashed near the Ukraine-Russia border. STI managed to end the day in positive territory at 3314.27 points. Closes higher than the previous day close. High and low was observed at 3320.25 & 3309.17.
STI Day Performance
Open
3313.83
High
3320.35
Low
3309.17
Close
3314.27
Change(Points)
+3.74
% Change
+0.11%
Volume
1528.8M
Rise
203
Fall
181
Unch
401
Market forecast for STI:
STI formed a green doji indecisive candlestick which is indicating indecision for buying and selling. The next candle formation can confirm whether the index will move up or consolidate. We may expect a bullish trend as per indicators.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3300
3285
3270
3325
3340
3350
Technical indicators:RSI is at 63.932, CCI is at 159.01 .MACD is at 4.15.
Top Gainers
Top Losers
Scrip Name
CMP
% change
Scrip Name
CMP
% change
Olam Intl
2.48
1.64
Jardine C&C
46.09
-1.14
CapitaLand
3.29
0.92
ST Engineering
3.74
-0.8
ComfortDelGro
2.58
0.78
SIA Engineering
5.1
-0.39
JSH 500 USD
36.2
0.69
Genting Sing
1.32
-0.38
SIA
10.55
0.57
Global Logistic
2.75
-0.36
Important Factor for today:-
  • The tourism receipt tally in Singapore rose to $6 billion in the first quarter of 2014, a five per cent increase on the same period last year.
  • Golden Agri-Resources, the Singapore-listed holding company of crude palm oil producer PT Sinar Mas Agro Resources and Technology (SMART), has invited Spain-based Compania Espanola de Petroleos (Cepsa) to produce and sell fatty alcohol.
  • Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about $600 million from Saipem SA, France for the conversion of Two FPSOs for the Kaombo Project in Offshore Angola.
  • UOB’s economic-treasury research division says in a note today that these geo-political tensions could continue to negatively impact markets.
  • CapitaCommercial Trust (CCT) reported 2Q14 distributable income of S$64.1m – 7.6% higher YoY. This cumulates to an YTD distributable income of S$124.0m, which is within expectations and makes up 51.0% of our FY14 forecast.

STOCK Updates : KLCI Technical Review 21 July

Market Review for KLCI: 
Malaysian stocks opened on a mixed note with KLCI at 1874.34. Share prices on Bursa Malaysia remained lower at mid-morning today, weighed on by weak buying sentiment. Local market sentiment remained cautious as fears about Portugal’s banking sector receded and investor attention turned to United States corporate earnings and monetary policy and China’s Q2 economic data. Trading sentiment was adversely impacted last Friday due to rising geopolitical tensions sparked by the downing of (Malaysia Airlines) MAS passenger airline MH17 and Israel’s ground offensive in Gaza. THE local bourse is expected to be jittery this week on the back of on-going world conflicts and the shock from the downing of Malaysian Airlines’ (MAS) Flight MH17 in eastern Ukraine.
KLCI Day Performance
Open
1874.34
High
1876.83
Low
1867.34
Close
1868.64
Change(Points)
-4.330
% Change
-0.23%
Volume
2404.4M
Rise
400
Fall
451
Unch
796
Market forecast for KLCI:
Market is under selling pressure it might open tomorrow near 1868 level. As per the technical, prices are anticipated to continue the same.
KLCI LEVELS
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
1872 1862 1845 1895 1910 1916
Technical indicators:
RSI stood below the centre line at 38.715 with its CCI at -216.91. Difference line of MACD performed at 0.222 below its signal line which performed at 2.773.
Top Gainers
Top Losers
Scrip Name CMP %change Scrip Name CMP %change
ASTRO 3.37 4.01 PETDAG 19.98 -3.57
GENM 4.26 1.43 MISC 6.38 -3.48
UMW 11.66 0.52 HLFG 17.04 -3.18
PBBANK 20.12 0.5 IHH 4.67 -2.1
KLCC 6.4 0.47 PETGAS 23.4 -1.6
Economic Factors:
  • The ringgit opened broadly higher against the US dollar and other major currencies today on renewed demand for the domestic currency.
  • The Malaysian rubber market closed marginally lower today, weighed on by the stronger ringgit.
  • Volatility spiked on Thursday after the tragedy of a downed Malaysian Airlines jet in Ukraine and the mounting death toll in Gaza and Israel interrupted the summer trading slumber. Still, the bears may have to wait a while to call the start of a correction. Uncertainly took over Wall Street Thursday as investors fled stocks, giving the S&P 500 its first decline of more than 1% in three months. The Volatility Index (VIX) posted its biggest one-day percentage increase since April last year, surging 32%. Volume jumped 20 % compared to the average so far this month.

 
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