singapore stock picks

Thursday, April 9, 2015

Singapore Stock Market Trading Signals for 10 April

Market Review for STI: Shares opened 12.46 points higher, or 0.36 per cent, to 3,473.14 points, this was after US stocks rose overnight, and Tokyo market opened higher. Some 122.1 million shares were traded with a value of S$110.5 million. Small caps rallied again, while the blue chips stocks struggled to catch up. The market closed down at the same level of yesterday, at 3460.30.
STI STI Day Performance
Open: 3472.63
High: 3476.27
Low: 3450.26
Close: 3460.30
Change(Points): -0.38
% Change: 0.01%
Volume: 3015.2M
Rise: 244
Fall: 163
Unch: 380
Market forecast for STI: We may expect STI will move in the range of 3440 to 3476.
STRAITS TIME  LEVELS
Support 1: 3400
Support 2: 3374
Support 3: 3360
Resistance 1: 3471
Resistance 2: 3476
Resistance 3: 3476
Technical Indicators: RSI is at 63 and CCI is at 89.
Important Factors for today
  • Singapore's economic growth is forecast to have slowed sharply in the first quarter as the manufacturing sector faced headwinds from sluggish global demand.
  • Gross domestic product probably grew 0.5 per cent in January-March from the previous three months on an annualised and seasonally adjusted basis.
  • Industrial production in January and February shrank on average by about 1.2 per cent from last year.
  • Yuan, the Chinese currency, declared as the most overvalued currency in the world.
  • Noble Group on Thursday "completely rejects" the allegations made by Muddy waters Research and it fell 5.5% to 86 cents on strong volume after short-seller Muddy Waters issued a 14-page report attacking the company's financial health and accounting practices.
  • The frenzy that made Chinese stocks the world's best performers is spilling over the border into Hong Kong.
  • After propelling the Shanghai Composite Index to a 90 percent rally in the past 12 months, mainland investors are buying as many Hong Kong equities through the exchange link as regulators will allow.
  • Oversea Chinese Banking Corp has opened a securities unit in Jakarta, as it seeks to expand in Southeast Asia's biggest economy.
  • Daiwa has cut its price target for Ezra Holdings to 40 cents from 52 cents after lowering its earnings per share estimates for FY2015 to FY2017 by 9% to 16%.
  • Greece is due to make its 459 million euro (S$670.5 million) April loan payment to the IMF, but the European nation's ability to honour its debts remains a source of acute anxiety to creditors.
  • Oil prices rallied more than one per cent on Thursday, clawing back part of a 6 per cent slump triggered by a jump in US crude inventories and record Saudi output.

Tuesday, April 7, 2015

SGX STOCKS: STI Technical Analysis 7 April

Market Review for STI: Singapore share prices opened higher, with the STI up 13.49 points or 0.4 per cent to 3,466.4, drawing strength from Wall Street's run-up overnight. Gains on Wall Street overnight may lift Singapore shares but the upside is likely to be modest, especially for blue chips, ahead of the March-quarter earnings season, which kicks off in full swing next week.
STI Day Performance
Open: 3469.38
High: 3476.20
Low: 3459.94
Close: 3465.62
Change(Points): +12.71
% Change: +0.37%
Volume: 1928.4M
Rise: 243
Fall: 140
Unch: 401
Market forecast for STI: STI broke its resistance, we may expect bullish trend in STI
Technical Indicators: RSI is at 66 and CCI is at 122.
STI LEVELS
Support 1: 3400
Support 2: 3374
Support 3: 3360
Resistance 1: 3476
Resistance 2: 3476
Resistance 3: 3476
Important Factors for today :
  • Lower liners in the offshore oil and gas sector were actively traded.
  • CIMB has downgraded Wing Tai Holdings to "hold" from "add" on valuation grounds following the stock's strong gains in recent weeks.
  • Ship builder Triyards Holdings announced it secured US$100 million ($135.3 million) of new orders that comprises a liftboat, a high speed aluminium craft project that includes integrated logistics support work, and a fabrication project.
  • Daily share trading activity on the Singapore Exchange (SGX) eased in March from year-ago levels, while derivatives trading continued to grow.
  • Oil prices fell on profit-taking in Asia on Tuesday after rallying in the previous session owing to doubts the nuclear agreement between Iran and global powers will immediately boost Tehran's crude exports.
  • The Singapore Tourism Board (STB) has unveiled more initiatives to increase visitor numbers by making two-year partnership with Changi Airport Group to boost tourist arrivals .
  • OSIM International may be facing even slower sales in China, one of its biggest markets, as recent economic indicators show Chinese consumers continue to spend less than they used to.

Monday, April 6, 2015

SGX Singapore- STI Technical Analysis Report 6 April

Market Review for STI: Shares slipped 1.27 points, or 0.04 per cent, to 3,452.48 as on the back of a decline in US stock futures on weak jobs data released on Friday. As Asian shares rose and the dollar dropped on Monday, after a dismal US jobs report pushed up US Treasury yields as investors pared bets the US Federal Reserve would hike interest rates anytime soon.
STI ChartSTI Day Performance
Open: 3451.73
High: 3458.18
Low: 3451.28
Close: 3452.91
Change(Points): 0.84
% Change: 0.02%
Volume: 1939.0M
Rise: 256
Fall: 153
Unch: 376
Market forecast for STI: We may expect bullish rally in next trading session.
Straits Time Levels
Support 1: 3400
Support 2: 3374
Support 3: 3360
Resistance 1: 3469
Resistance 2: 3456
Resistance 3: 3458
Technical Indicators: RSI is at 63 and CCI is at 107.
Top Losers: sia.sg, sph.sg, hph trust usd.sg, sembcorp marine.sg, sgx.sg
Top Gainers: golden agri-res.sg, jardine c&c.sg, genting sing.sg, noble.sg, capitamall trust.sg
Important Factors for today:-
  • Oil prices rose more than US$1 a barrel in early Asian trade, as last week's framework deal between Iran and global powers on Tehran's nuclear programme offers little chance for any significant increase in exports until 2016.
  • The value of stocks traded daily on the Singapore Exchange fell last month from February and stagnated compared to March 2014.
  • Banks and credit card companies in Singapore have teamed up to launch a scheme to help highly leveraged borrowers ease their debt burden.
  • Market breadth in Singapore remained positive, with almost two gainers for every decliner.
  • Small caps mostly outperformed blue chips, which generally stagnated as investors held back ahead of the March-quarter earnings season, which starts next week.
  • Singapore's central bank is likely to ease monetary policy further this month by re-centring its exchange-rate band lower to help support the local economy, which is slowing down and grappling with deflation.
  • A 9.7% y-o-y fall in Singapore's exports in February has given rise to the risk of a contraction in the domestic economy in 1Q2015.

Wednesday, April 1, 2015

SGX Singapore: STI Technical Analysis 1 April

Market Review for STI: Share prices opened lower with the Straits Times Index down 7.65 points or 0.22 per cent to 3,439.36.Singapore shares mostly retreated as investors saw little reason to put money to work in a shortened trading week and ahead of the March-quarter earnings season.
STI STI Day Performance
Open: 3447.02
High: 3450.54
Low: 3435.59
Close: 3447.02
Change(Points): 0.010
% Change: 0%
Volume: 1206.2M
Rise: 174
Fall: 207
Unch: 402
Market forecast for STI: STI is at its major resistance at 3456 if it crosses it then it will be in bullish rally.
STRAITS TIME LEVELS
Support 1: 3435
Support 2: 3409
Support 3: 3374
Resistance 1: 3469
Resistance 2: 3458
Resistance 3: 3456
Technical Indicators: RSI is at 61 and CCI is at 111
Top Gainers: haibev.sg, sia.sg, sembcorp ind.sg, genting sing.sg, hongkongland usd.sg, thaibev.sg
Top Losers: golden agri-res.sg, wilmar intl.sg, comfortdelgro.sg, keppel corp.sg, jsh usd.sg
Important Factors for today
  • One in four Asian companies, including those in Singapore, have identified Myanmar as a market they intend to get into this year
  • Keppel Corp failed to hit the compulsory acquisition threshold needed to complete the buyout of Keppel Land by the end of the offer close.
  • BLACKROCK clarified in a filing to the Singapore Exchange that its sale of 37,333,850 Keppel Land shares represents BlackRock's acceptance of the offer.
  • Oil sank as dealers tracked last-ditch efforts between global powers and Iran to reach a deal on Tehran's nuclear programme and ease sanctions imposed on the key crude producer.
  • OPEC oil supply has jumped in March to its highest since October as Iraq's exports rebounded after bad weather and Saudi Arabia pumped at close to record rates, a Reuters survey found, sign key members are sticking to their effort to regain market share.
  • Gold fell on Tuesday and was heading for a third straight quarterly fall, pressured by a strong dollar and expectations the US Federal Reserve will increase interest rates this year.

Friday, March 20, 2015

SGX Stock Market Weekly Technical Report

Weekly wrap of STI: Starting of the week was sideway .stocks defied the odds, trading higher even as most Asian stocks dropped, following declines in US shares, as materials and technology companies led losses and Markets waiting for the US Federal Reserve's policy statement due later in the session for clues to when the Fed will hike interest rates. Federal Reserve said data suggest economic growth has moderated and officials indicated interest rates will rise at a slower pace than previously estimated.SGX
Weekly Technical view on STI
Support 1: 3339
Support 2: 3325
Support 3: 3200
Resistance 1: 3456
Resistance 2: 3480
Resistance 3: 3495
Market Forecast for week ahead: The trend of market is expected to be bullish for next week. Currently we have seen unusual volatility in markets due to Federal Reserve meeting. We may see bullish really in next week trading session because it has taken rebound from 3374 and we may expect that it will reach up to 3456.STI
STRAIT TIMES WEEKLY WRAP
OPEN:3361.38
HIGH: 3417.45
LOW: 3356.66
CLOSE: 3412.44
CHANGE (In Points): +49.67
% CHANGE: 0.14%
Technical Indicators: RSI is at 57 and CCI is at 54.
Macroeconomic factors:
  • Oil touched its lowest level since 2009, dragging Asian energy shares down amid increased projections for US production. The dollar weakened from its strongest in more than a decade to major peers ahead of this week's Federal Reserve meeting.
  • Singapore's anti-trust regulator blocked a takeover for the first time when it provisionally ruled last week that Malaysian IHH Healthcare Bhd's planned purchase of a local unit of India's Fortis Healthcare would lessen competition.
  • SGX on issued a trade with caution regarding Civmec Limited, an investment holding company that provides heavy engineering and construction services to resources and infrastructure sectors in Australia.
  • Bank of Singapore said that rate hike by the Fed in September now looks more probable, with the US central bank pushing back expectations for the path of rate increases over the coming couple of years.
  • Blumont Group is planning a rights cum warrants issue to raise about $27 million in net proceeds if the rights shares are fully subscribed.
  • Oil resumed its slump after rallying from the lowest price in six years as focus returned to record supply in the US, the world's biggest consumer.
  • Gold rose to its highest in nearly two weeks on after the U.S. Federal Reserve signalled a slower pace of interest rate hike and gave a cautious outlook for the U.S. economy.
  • The Federal Reserve opened the door to the first interest-rate increase in almost a decade, while also indicating it will go slowly once it gets started.
  • Singapore-listed Noble Group's 30 per cent share-slump over the past month has thrust it on to the radar screens of Asian companies that want a bigger clout in global commodities trading.
  • BLACKROCK Inc, an associate of Keppel Corp, made a series of dealings on Keppel Land shares on Thursday.It purchased 7,000 shares at S$4.55 apiece and sold a total of 48,100 shares at prices ranging from S$4.53 to S$4.55 per share.
  • Singapore's financial regulator will work with commodity exchanges, investors and producers to support the development of the city-state as a trading center, including the expansion of clearing houses in Asia.

 
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