SIngapore SGX : STI Closing Outlook 21 Aug

Market Review for STI:
Share prices opened up at 3327.47. Asian markets mostly fell today, with downbeat Chinese manufacturing data dragging down Hong Kong and Shanghai as concerns grew about the pace of recovery in the world's second-largest economy. STI seems to be in uptrend made a high of 3335.38 and closed at 3324.09.

STI Day Performance
Open	3327.47
High	3335.38
Low	3319.83
Close	3324.09
Change(Points)	+0.44
% Change	+0.01
Volume	1451.1M
Rise	203
Fall	197
Unch	715

Market forecast for STI:
A slower up pace is been seeing in the market which is indicating bullishness for the market .We may expect the same in coming trading session.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3300	3280	3270	3340	3360	3380

Technical indicators:
RSI is above the centre line at 60 and CCI is at -80.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
CITYDEV.SG	10.17	1.5	OLAM INTL.SG	2.51	-1.95
THAIBEV.SG	0.675	0.75	HONGKONGLAND USD.SG	6.92	-1.84
OCBC BANK.SG	10.44	0.58	JMH 400 USD.SG	59	-1.67
CAPITAMALL TRUST.SG	2.01	0.5	JARDINE C&C.SG	44.79	-0.86
STARHUB.SG	4.13	0.49	SIA ENGINEERING.SG	4.54	-0.44

Important Factor for today:-

• Singapore's domestic wholesale trade fell 6.1 per cent in the second quarter of 2014 compared to a year ago.
• Moody's investor services concluded its review on OCBC bank, and confirmed its ratings on the Singapore bank's long-term debt, deposit and standalone ratings.
• Tiong Woon Corporation holding reported a 25 per cent increase in net profit to s$22.1 million for its fy14 ended June 30, thanks to lower income tax expenses and the absence of loss from discontinued operations which it incurred a year ago.
• Star hub has launched on Wednesday a new cloud marketplace, 'smart business', for small and medium sized businesses (smbs) to buy software and services such as Microsoft office 365 and McAfee endpoint protection.