STI Market Review
- Singapore shares opened higher with the benchmark Straits Times Index climbing 7.08 points to 2,859.49, and ended 32.90 points or 1.15% higher to 2885.30.
- STI came off from its intra-day peak of 2892.18 and low of 2829.20. Top LosersScrip NameCMP%change WILMAR INTL 2.6-1.14 SINGTEL 3.65-0.54 CAPITAMALL TRUST 1.88-0.27 OLAM INTL 1.955-0.26 JMH USD 48.920.41 STI moved in red midday.
- STI gained volume later in the day and ended higher, despite data showing Chinese imports and exports tumbled in August.
Market Forecast
STI is expected to take side ways trend. It has its resistance level is at 2893. If it breaks this level it is expected to go up to level of 2930, it has its support at 2828. Investors are cautious as China's exports imports tumblesd in August and increased chances of FED increasing the US interest rate later this month.
STI Day Performance
| Open | 2859.95 |
| High | 2892.18 |
| Low | 2829.2 |
| Close | 2885.3 |
| Change (in points) | 32.9 |
| % Change | 1.15% |
| Volume | 1169.60 M |
| Rise | 223 |
| Fall | 139 |
| Unch | 430 |
STI Levels
| Support 1 | 2828 |
| Support 2 | 2794 |
| Support 3 | 2759 |
| Resistance 1 | 2893 |
| Resistance 2 | 2930 |
| Resistance 3 | 2986 |
Market Highlights
- Singapore shares opened higher with the Sti up by 12.9 points at 2,898.22.
- Asian stocks up on China optimism as Japan shares rebound.
- Two KLW shareholders are seeking to remove three directors.
- Director of suspended China Essence has quit after one month on job.
- Local Chinese officials have asked Hu An Cable to sell Chinese units.
- HG Metal has sued Gayathri Steels for S$1.8m, faces S$2.1m counter-claim.
- CEFC has inked procurement and supply deal with Shanghai oil & gas group.
- China's finance minister targets fiscal policy & infrastructure to support economy.
- Dollar showing mixed sentiments amid uncertainty over Fed rate hike.
- Oil prices also mixed after Chinese trade data.
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