STI Market Review
- Singapore share prices opened lower on Thursday with the STI down 29.49 points or 0.97 per cent to 3,011.76, following selloffs in the United States and Japan.and ended 31.47 points or 1.03% lower to 3009.78. STI came off from its intra-day peak of 3027.35 and low of 3000.93.
- Singapore market traded in negative territory at midday, with other Asian bourses largely posting declines as well.
Market Forecast
STI is expected to take sideways trend. It has taken support at 3000 today. If it breaks this level it is expected to go further down till 2950.
Invetsors sentiment are cautious over the further devaluation of the Yuan and on FED decision to increase interest rate next month.
STI Day Performance
| Open | 3023.47 |
| High | 3027.35 |
| Low | 3000.93 |
| Close | 3009.78 |
| Change (in points) | -31.47 |
| Change ( in %) | -1.03% |
| Volume | 435.6M |
| Rise | 42 |
| Fall | 282 |
| Unch | 469 |
STI Levels
| Support 1 | 3000 |
| Support 2 | 3950 |
| Support 3 | 2900 |
| Resistance 1 | 3040 |
| Resistance 2 | 3090 |
| Resistance 3 | 3147 |
Market Highlights
- Singapore share prices broke through the psychological 3,000-point support level - as many had feared it will - to 2,972.05 following declines in the United States and Asia.
- Noble gains 4.65% in morning trading.Noble Group said to discuss move to secured financing with banks.
- PwC issues disclaimer of opinion for LionGold's FY14/15 results.
- Perennial in JV to develop mixed-use project in Ghana.
- No audit qualification on cash and bank balances: China Sky
- Pacific Andes and China Fishery under investigation.
- OUE Commercial Reit establishes S$1.5b multi-currency debt programme.
- Asia stocks head for 17-month low after US shares join selloff.
- US oil pulled lower by global stocks; on track for eighth weekly decline.
- Asia gold appetite remains tepid, premiums droop.
- Dollar slips as Fed rate hike hopes fade.
- Spelling error on SG50 commemorative notes should never have happened: MAS managing director.
- Greece to hold early election on Sep 20, according to govt official.
No comments:
Post a Comment