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Tuesday, December 2, 2014

Singaopore Stock Market Updates for STI 2nd Dec

Market Review for STI:
Shares of Singapore opened up with the Straits Times Index up 24.47 points to 3,330.11.Singapore shares moved up in morning as oil prices rebound from five-year lows prompted short-covering. Therefore Market breadth was slightly positive but Investors at large remained worried. Top 5 Stocks for Tomorrow
STI Day Performance
Open
3322.32
High
3337.57
Low
3304.83
Close
3322.32
Change(Points)
16.68
% Change
0.50 %
Volume
1159.7
Rise
204
Fall
155
Unch
427
Market forecast for STI:
STI may go down as we can see a bearish movement in the market though the market was little up.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3330
3290
3280
3340
3355
3365
Technical Indicators:
RSI is at 54 and CCI is at 15.26
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
SIA.SG
10.9
2.83
CITYDEV.SG
9.89
-1.69
OLAM INTL.SG
2.13
2.4
HONGKONGLAND USD.SG
6.77
-1.17
THAIBEV.SG
0.675
2.27
SIA ENGINEERING.SG
4.07
-0.97
GOLDEN AGRI-RES.SG
0.455
2.25
JMH USD.SG
62.05
-0.56
OCBC BANK.SG
10.39
1.66
KEPPEL CORP.SG
8.53
-0.35
Important Factor for today:-
  • SINGAPORE - Falling oil prices pushed the ringgit to a 10-month low against the Singapore dollar on Monday, on concerns that Malaysia's heavy reliance on oil-related revenue would hurt growth.
  • One Singdollar now buys RM2.63, a 2.3 per cent slide from RM2.57 last week. This was the ringgit's steepest two-day slide since the Asian financial crisis, and analysts expect that it will fall further.
  • Asian shares were mixed on Tuesday following a weak lead from Wall Street, while energy firms clawed back some losses and airlines dipped after oil prices rebounded from multi-year lows
  • Too much optimism has been "baked into" Singapore's office property market, even though landlords can still expect favourable rental prospects over the next 12 months amid a benign supply situation, according to AmFraser.
  • Spackman Entertainment Group has inked a non-binding memorandum of understanding to buy 51 per cent of post-production house Fireworks Co, the Korean entertainment production company announced early Tuesday.
  • (SGX) has hired TradingScreen to create its over-the-counter Asian bond trading platform, TradingScreen announced on Tuesday.

 
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