STI Market Review
- Singapore shares opened higher on Wednesday with the Straits Times Index up by 10.9 points at 2,901.07 and ended 42.90 points or 1.48% higher to 2928.20. STI came off from its intra-day peak of 2931.65 and low of 2890.84.
- Singapore registered gains at noon as a strong performance in US stocks overnight and in other Asian markets during the morning boosted local trading sentiment.
STI Day Performance
| Open | 2901.07 |
| High | 2931.65 |
| Low | 2890.84 |
| Close | 2928.2 |
| Change (in points) | 42.86 |
| % Change | 148.00% |
| Volume | 1304.3M |
| Rise | 278 |
| Fall | 106 |
| Unch | 407 |
Market Forecast
- STI is expected to take side ways trend with positive sentiment as more stimulus measures taken from Beijing after China's economy released data that showed imports shrank more than expected.
- It has its resistance level is at 2946. If it breaks this level it is expected to go up to level of 2988, it has its support at 2877.
STI Levels
| Support 1 | 2877 |
| Support 2 | 2828 |
| Support 3 | 2760 |
| Resistance 1 | 2946 |
| Resistance 2 | 2988 |
| Resistance 3 | 3025 |
Market Highlights
- Singapore shares opened lower with the benchmark Straits Times Index slipping 40.6 points or over one per cent to 2,887.6.
- Asian stocks follow US lower as jobs data fuel rate-rise bets.
- Vallianz plans to penetrate Egypt, Iran in very early stage.
- International Healthway has requested trading halt.
- Memstar converted trading halt to suspension pending RTO revision talks.
- China Kunda scraped collaboration MOU with COO's nephew.
- China Sky seeks to resume trading after a 4-year suspension.
- There are 'Handful' of individuals behind bulk of IHC trading since April: SGX.
- Singtel has partnered top telcos to ramp up startup ecosystem.
- Halcyon Agri is in discussions over 'potential strategic transaction'.
- CapitaGreen has hit 83 per cent occupancy.
- Oil prices remains low as Japan data hints at weaker Asian economy.
- Gold has hit near 3-week low as stocks gain, India taps idle metal.
- Dollar has little changed as investors await Fed rate call.
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