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Wednesday, August 6, 2014

SGX Singapore; STI Technical Outlook 06 Aug

Market Review for STI:
Share prices opened lower today with the Straits Times Index down 6.32 points to 3,322.58. Asian stocks dropped, following a sharp fall on Wall Street over fears of a market correction and concerns the conflict in Ukraine could escalate. The open was marked at 3322.58 and the close was marked at 3320.23.
STI Day Performance
Open
3322.58
High
3323.01
Low
3313.92
Close
3320.23
Change(Points)
-7.44
% Change
-0.22%
Volume
1442.0M
Rise
129
Fall
289
Unch
691
Market forecast for STI:
Due to the Ukraine crises the prices are still dropping down .We may expect bullishness only if the market moves out from the cause of the crises.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3300
3280
3260
3340
3350
3360
Technical indicators:RSI is at 51.60 ,CCI is at -2.26 .The prices are still above the 20 & 50 days EMA.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
Olam Intl
2.44
1.67
Global Logistic
2.71
-2.87
OCBC Bank
10.1
1.41
ComfortDelGro
2.59
-2.26
SIA Engineering
4.6
1.1
CapitaLand
3.37
-2.04
SPH
4.18
0.97
Jardine C&C
45.96
-1.44
Golden Agri-Res
0.535
0.94
CityDev
10.03
-1.18
Important Factor for today:-
  • SINGAPORE’S life insurance industry managed to sustain its growth for the first six months of this year.
  • Yangzijiang Shipbuilding reported a 52 per cent jump in net profit for the second quarter ended June 30 to 1.24 billion yuan, despite a 3 per cent drop in revenue to 4.27 billion yuan after delivering fewer vessels during the period.
  • SINGAPORE Post Limited said its net profit for the fiscal first quarter ended June 30, 2014 rose 5.1 per cent to S$39.24 million. Revenue increased 4.8 per cent to S$210.91 million, as growth in e-commerce related activities continued to offset declines in the traditional postal business
  • STAR HUB has posted a 6.3 per cent decrease in net profit to S$94.3 million for the second quarter ended June 30.
  • HG Metal Manufacturing recorded a net loss after tax of $13.3 million in the quarter ended 30 June 2014 (2Q2014), compared to a profit of $0.7 million in 2Q2013 due to one-time provisions for inventories, doubtful debts and asset impairment on disposal of factory assets.

 
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