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Wednesday, October 8, 2014

Stock Market Review for STI Singapore 8th Oct


Share prices opened lower today with the Straits Times Index down 13.20 points to 3,230.79. Asian markets slipped today following a US and European sell-off that came in response to more weak German data and the IMF's decision to cut its growth forecast for the global economy. Shares were down 17.28 points with STI finishing at 3,226.71.
STI Day Performance
Open
3227.62
High
3234.71
Low
3223.82
Close
3226.71
Change(Points)
-17.28
% Change
-0.53%
Volume
1143.05M
Rise
126
Fall
255
Unch
753
Market forecast for STI:
To ensure sustainable growth, Singapore manufacturers should actively seek out new markets globally and then we may expect the market to move bullish. Technically, if will take support at 3220 we may see a little correction in the market.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3220
3200
3170
3250
3270
3285
Technical Indicators:
RSI is at 30.93 and CCI is at -160.50. The indicators are indicating more towards the bear signal.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
SEMBCORP MARINE.SG
3.62
1.12
CITYDEV.SG
9.26
-2.11
SPH.SG
4.23
0.71
GOLDEN AGRI-RES.SG
0.5
-1.96
HONGKONGLAND USD.SG
6.76
0.6
NOBLE.SG
1.28
-1.92
SGX.SG
6.99
0.43
OLAM INTL.SG
2.3
-1.71
KEPPEL CORP.SG
10.29
-0.1
CAPITALAND.SG
3.03
-1.62
Important Factor for today:-
  • Citi has picked Singaporean lee lung Nien as chief executive of its Malaysian unit Citibank Bhd to oversee the bank's franchise in the country, including its institutional clients, consumer banking, cards and wealth management businesses.
  • Singapore has fallen out of a ranking of the top 20 cities for property investment.
  • Singapore’s move to allow foreign judges to hear commercial cases may boost its standing against regional rival Hong Kong where concerns have mounted that its judicial independence is being undermined by china.
  • The straits times’ index today drifted to a 9.25-point loss at 3,243.99. it was initially supported by a positive session for Hong Kong, but came under pressure between 4 and 5pm when Europe opened in the red across all markets.
  • Massage chair maker Osim International has no idea why its share price could have tumbled so much for two days straight, it told the Singapore Exchange.

 
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