Market Review for STI:
Shares
in the local bourse opened higher with the benchmark Straits
Times Index gaining 5.4 points or 0.2 per cent to 3,415.5. The local
market opened higher despite moderate falls in US stock indices
overnight. The industrial production probably fell in February from
year earlier, dented by weak exports and the timing of the Lunar New
Year holiday.
STI Technical Levels
|
Support
1
|
3374
|
|
Support
2
|
3360
|
|
Support
3
|
3320
|
|
Resistance
1
|
3440
|
|
Resistance
2
|
3456
|
|
Resistance
3
|
3480
|
STI Day Performance
|
Open
|
3411.28
|
|
High
|
3421.61
|
|
Low
|
3408.63
|
|
Close
|
3413.26
|
|
Change(Points)
|
3.1
|
|
% Change
|
0.09%
|
|
Volume
|
950.7M
|
|
Rise
|
219
|
|
Fall
|
146
|
|
Unch
|
414
|
Market forecast for STI:
We
may expect STI to move up continuing its uptrend and touch the level
of 3430.
TOP LOSER
|
Scrip
Name
|
CMP
|
%change
|
|
GOLDEN
AGRI-RES.SG |
0.395
|
-2.47
|
|
NOBLE.SG |
0.85
|
-1.73
|
|
COMFORTDELGRO.SG |
2.93
|
-1.01
|
|
JSH USD.SG |
34.6
|
-1
|
|
CITYDEV.SG |
10
|
-0.7
|
TOP GAINERS
|
CAPITAMALL
TRUST.SG |
2.16
|
4.35
|
|
GENTING
SING.SG |
0.935
|
3.31
|
|
HONGKONGLAND
USD.SG |
7.57
|
2.44
|
|
SINGTEL.SG |
4.23
|
2.42
|
|
ASCENDAS
REIT.SG |
2.5
|
2.04
|
|
CAPITAMALL
TRUST.SG |
2.16
|
4.35
|
Technical Indicators:
RSI is at 54.825 and CCI is at 51.91
Important Factors for today
- Singapore's economy will likely grow 3% this year and 3.4% in 2016, driven by the finance, insurance and business services sectors, according to the Asian Development Bank (ADB).
- The three-month Singapore interbank offered rate, or Sibor - the rate at which banks lend money to one another - surged to 1.00129 per cent today, level not seen since December 2008, although it is still fairly low by historical standards. It may lead to rise in home loans.
- City Developments Limited (CDL)'s which has raised S$125 million from its five-year senior unsecured fixed rate notes were sold at 3 per cent, aggressively priced due to their strong credit standing.
- Shares of Noble Group continued to be actively traded today with 24 million shares worth S$22 million done.It has vigorously rejected allegations imposed by Iceberg Research and it will start legal proceedings after the little-known research firm issued a third report.
- Singapore Exchange is shifting its focus from speed to safety as Southeast Asia's biggest bourse embarks on the latest upgrade to its derivatives-trading technology.
- Gold retained gains from a three-day rally to trade near its highest in two weeks, boosted by a weaker dollar and caution from the Federal Reserve on the timing of a possible hike in US interest rates.
- Oil prices fell in Asia today following disappointing manufacturing data out of top energy consumer China, and as dealers await for the fresh US economic figures to be released.
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