STI Market Review
- Singapore share prices opened higher with the Straits Times Index up 10.43 points to 3,077.78, recovering from a drastic 46.9-point or 1.5 per cent drop to 3,067.35 on Monday.
- STI ended 17.70 points or 0.58% lower to 3049.65. STI came off from its intra-day peak of 3084.83 and low of 3049.65.
Market Forecast
STI is expected to take sideways trend. Its hasbroken the support level of 3050. It has its nextsupport level is at 3020. If it breaks this level it is expected to go uptill 3000. Investor sentiments are neagtive over the deeper devaluation of the Yuan despite the central bank's comments that it sees no reason for a further slide.
STI is expected to take sideways trend. Its hasbroken the support level of 3050. It has its nextsupport level is at 3020. If it breaks this level it is expected to go uptill 3000. Investor sentiments are neagtive over the deeper devaluation of the Yuan despite the central bank's comments that it sees no reason for a further slide.
STI Day Performance
| Open | 3076.86 |
| High | 3084.83 |
| Low | 3049.65 |
| Close | 3049.65 |
| Change (in points) | -17.07 |
| Change ( in %) | -0.58% |
| Volume | 1513.70M |
| Rise | 101 |
| Fall | 327 |
| Unch | 364 |
STI Levels
| Support 1 | 3100 |
| Support 2 | 3147 |
| Support 3 | 3215 |
| Resistance 1 | 3019 |
| Resistance 2 | 2986 |
| Resistance 3 | 2951 |
Market Highlights
- Singapore share prices opened higher with the Straits Times Index up 5.8 points or 0.19 per cent to 3,055.45, despite selloffs in Asian stocks for a fourth day as investors await clues from the US Federal Reserve on the timing of a US interest-rate increase.
- PACIFIC Andes Resources Development and China Fishery Group requested a halt to their trading with immediate effect pending an announcement.
- CEFC International share price has shot up by more than ten-fold since mid-July on its potential joint ventures are still ongoing. CEFC says joint venture discussions still ongoing.
- Aspial Corporation is issuing retail bonds for the first time to raise up to S$75 million.
- Noble Group shorts advance to record as company defends finances.
- Tianjin blast to strain Chinese insurers: Fitch.
- Singtel tops Governance and Transparency Index, with SGX a close second.
- Oil prices higher ahead of US inventory data.
- Citi lowers gold price forecasts for 2015, 2016.
- Dollar steady, pound up after inflation climbs.
- Greek government slightly eases capital controls.
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