STI Technical Analysis - 26 Oct, 2015

STI Market Review

Singapore benchmark Straits Times Index opened 27.51 points higher or 0.9 per cent at 3,095.97, extending its gains from Friday following China's lowering of lending rate and big banks' reserve requirement ratio ended 14.61 points or 0.48% higher to 3083.07. STI came off from its intra-day peak of 3104.72 and low of 3081.91.

Market Forecast

• STI is expected to be positive in next trading session. It has broken its resistance of 3075 today. It has its next resistance at 3115 and support at 3075. 

• If it breaks it resistance of 3115, it is expected to go upto 3150. Investor sentiment are positive after China eased monetary policy on Friday, cutting both interest rates and lenders' reserve requirements.

STI Day Performance

Open	3092.31
High	3104.72
Low	3082.06
Close	3083.07
Change (in points)	14.61
% Change	0.48%
Volume	1722.8M
Rise	207
Fall	181
Unch	399

STI Levels

Support 1	3075
Support 2	3045
Support 3	3010
Resistance 1	3115
Resistance 2	3150
Resistance 3	3180

STI Market Review - 22 Oct, 2015

STI Market Review 

Singapore market opened unchanged, with the Straits Times Index gaining 0.61 point to 3,026.31 due to a subdued finish on Wall Street that followed a mixed bag of corporate earnings in the United States and ended 12.40 points or 0.41% higher to 3038.1. STI came off from its intra-day peak of 3046.40 and low of 3025.87.  

STI Day Performance

Open	3026.4
High	3046.4
Low	3025.87
Close	3038.1
Change (in points)	12.4
% Change	0.41%
Volume	1193.8M
Rise	194
Fall	156
Unch	433

STI Levels

Support 1	3010
Support 2	2980
Support 3	2960
Resistance 1	3050
Resistance 2	3075
Resistance 3	3100

Market Forecast

• STI is expected to consolidate in the range of 3010 - 3050. It has its resistance at 3050 and support at 3010. If it breaks it resistance of 3050, it is expected to go upto 3075. 

• Investor sentiment are cautious over the slowdown of China’s economy also Indonesia, which is a major export-import partner of Singapore, is struggling to drive economic growth after foreign investment stagnated last quarter.

STI Counter Specific News

• Mapletree Commercial Trust on Wednesday posted a 2.5 per cent increase in distribution per unit (DPU) to 2.02 Singapore cents for the second quarter ended September 30, 2015.
  
  
• Cheaper utility bills and lower finance costs gave a boost to third-quarter earnings for mall owner CapitaLand Mall Trust.
  
  
• The Stratech Group has clinched a contract to upgrade its iFerret intelligent airfield/runway surveillance and foreign object & debris (FOD) detection system at Singapore Changi Airport.

STI Technical Analysis - 13 Oct, 2015

STI Market Review

• Singapore shares opened 0.29 per cent or 8.82 points lower at 2,989.68 on Monday. This is despite Asian stocks edging higher elsewhere in the region, consolidating recent rises on late gains in Wall Street on Friday and a rebound in the commodities complex.

• STI ended 33.61 points or 1.12% higher to 23032.11. STI came off from its intra-day peak of 3035.67 and low of 2979.63.

• Trading in blue chips has contributed almost three quarters of daily volume over the past fortnight and so it was again the case when STI recent revival continued with a 33.61-point rise to 3,032.11.

Market Forecast

STI is expected to be bearish in its next trading session. STI has its resistance at 3040. If it breaks this level, it is expected to go up till 3065. It has its support level at 2965.

Technically STI is showing a positive moment. However, investor sentiment are cautious over the GDP data of Singapore due on 13th October'15.

Market Highlights

• Singapore benchmark Straits Times Index (STI) fell 0.55 per cent or 16.63 points to 3,015.48 while investors awaited China's trade data & Japan reopens weaker.

• SPH Reit Q4 DPU of 1.39 Singapore cents and it sees 100% occupancy at both malls.

• Singapore's Tanstarr Group has signed jet fuel term with Gazprom unit

• SIA will deploy first A350 to Amsterdam in April '16.

• Noble climbed to its one-month high as supply cuts spur commodity surge.

• SingPost is growing E-commerce with US & European services.

• SGX is these days reviewing companies' compliance with CG Code.

• China's stock investors confidence has rose sharply in September.

• Singapore central banks are seen easing the monetary policies after Jan shock.

• Haze choking Asia might get even worse if El Nino delays seasonal rain.

• Dollar sliped as Fed officials kept bearish while yuan kept higher.

• Oil prices fell down on supply worries & profit-taking. Opec is seeing more demand for its crude in 2016 as cheap oil hits rivals.

• Gold has climbed to the highest in seven weeks as Fed rate view weighed.

STI Weekly Analysis 12 - 16 Oct, 2015

Weekly Wrap STI

• Straits Times Index (STI) opened 29.92 or 1.07% up this weak at 2826.07 and ended 205.35 points or 6.85% higher to 2988.50 this week. STI came off from its weekly peak of 3011.63 and low of 2822.28.

• After gaining 169 points or about 6 per cent between Monday and Wednesday, ST on Thursday fell 14.78 points to 2,947.03 as it spent the day tracking the Dow futures, the latter dropping as much as 130 points at one stage. 

• Reason of downfall on thusday was due to fall in Wall Street was most likely because the US earnings season that started on Thursday iwas expected to be disappointing. However, STI gained the fall on Friday by rising by 51.5 points and ending the weak at 2998.5. STI breaks its resistance of 3000 this weak.

• Singapore Exchange's (SGX) total securities market turnover value grew 7% year-on-year (y-o-y) to $22.5 billion, despite fewer trading days in Sept 2015 as compared to the same month last year.

Market Forecast for Week Ahead

• STI is expected to be positive next weak. STI has broken its crucial resistance of 3000 and recovered the downfall of last month in last weak. 

• The positive moment in the market can be seen on the back of the minutes of the US Federal Reserve's latest meeting showed no urgency to raise interest rates. 

• STI has its next resistance at 3015, if it breaks this level next weak it is expected to go up till 3055. It has its weekly

Market Highlights

• Singapore shares opened 0.29 per cent or 8.82 points lower at 2,989.68 despite Asian stocks edging higher elsewhere in the region, consolidating recent rises on late gains in Wall Street on Friday and a rebound in the commodities complex.

• Asian stocks climbed after biggest weekly rally since Dec 2011.

• SGX is reviewing companies' compliance with CG Code.

• China Sky's non-executive chairman has resigned.

• Tee International's Q1 profit went up 23.6%.

• SIA plane had collapsed at Changi Airport gate after nose gear retracted during landing gear check.

• OKP unit has won S$12.7m JTC contract.

• Oil edged up on lower US rig count, & weaker dollar.

• IMF urgeed Japan to proceed with second sales tax hike.

• Fed should not raise interest rates just yet- as said by China Finance Minister

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STI Technical Analysis - 09 Oct, 2015

Market Review STI

• Singapore benchmark Straits Times Index (STI) opened stronger on Thursday, with the Straits Times Index (STI) up 16.47 points or 0.56 per cent to 2,978.28 following gains on Wall Street but went down during the day and ended 14.80 points or 0.50% lower to 2942.21. STI came off from its intra-day peak of 2983.62 and low of 2942.21.

• Singapore stocks inched lower at noon, amid mixed trading in other Asian markets after three days of solid gains, as the euphoria that followed a readjustment of expectations regarding interest rate rises in the US wears off.

Market Forecast STI

• STI is expected to consolidate in next trading sessions. STI has its resistance at 3000. If it breaks this level, it is expected to go up till 3030. 

• It has its support level at 2930 Technically STI is expected to be bullish as total foreign reserves has increased by 5.4% as compared to last year.

Market Highlights

• Singapore shares opened stronger with the Straits Times Index up 22.94 points or 0.78 per cent at 2,969.97 after the minutes of the US Federal Reserve's latest meeting showed no urgency to raise interest rates.

• Noble Group has hired former oil trader Wael Amer to build up its operations in the Middle East and North and East Africa. 

• Singtel is investing S$400 million in a Tier 3-Plus data centre in Jurong to meet the growing demand for co-location and cloud services in Singapore. 

• DBS, OCBC, UOB will be expected to disclose policies framing their risk assessment of environmental, social and governance factors for lending, under new guidelines set by the Association of Banks in Singapore.

• Oxley mulled Catalist listing of restructured Malaysian property development business.

• ICBC Singapore cleared Asia's 1st RMB transaction on newly launched CIPS.

• Yuuzoo secured the rights to organize and, co-host upcoming gaming event in China.

• Ascott triples units have been added in SEA.

• IMF said amid 'new mediocre' no room for mistakes by central banks.

• US dollar fell considerably after Fed minutes show inflation worries.

• Oil prices bounced back in Asia.

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STI Technical Analysis - 07 Oct, 2015

STI Market Review

Singapore benchmark Straits Times Index (STI) edged slightly downwards on Wednesday morning, losing 2.56 points or 0.09 per cent, to 2,894.85 points and ended 64.40 points or 2.22 % higher to 2961.80. 

STI came off from its intra-day peak of 2968.06 and low of 2882.85.Top Losers Scrip Name CMP%change GOLDEN AGRI-RES0.37- 2.63 ASCENDAS REIT 2.38-0.83 SIA 10.64-0.56 SINGTEL 3.75-0.27 CAPITAMALL TRUST1.970.51Singapore stocks posted gains at noon, in line with advances in most other Asian markets.

The region's rally stemmed from doubts about the pace of recovery in the US, which has increased the likelihood of a longer period of lower rates and pressured the dollar, which has helped boost Asian currencies.

Market Forecast

STI is expected to be bullish in next trading sessions. STI has broken its resistance of 2950. It is expected to go up till 2980. It has its support level at 2875. Technically STI is expected to be bullish as indicators like MACD, RSI and CCI are indicating bullish trend in near future.

Market Highlights

• Singapore share prices opened stronger, with the Straits Times Index (STI) up 16.47 points or 0.56 per cent to 2,978.28, following gains on Wall Street.

• Asia followed Wall St gains, while brace for return of China markets.

• Chinese stocks jump at open, catching up after global market rebound.

• Noble Group's chief aluminium trader in Europe, Erik Gundersen, will be leaving the Asian commodities merchant.

• UOB record 42 per cent jump in revenue for the first half of this year from a year ago.

• CDL Hospitality Trusts has opened Claymore Connect following a renovation exercise, which started in December 2013.

• Oxley Holdings clarified that the reported acquisitions in International Healthway Corp (IHC) by its chief executive Ching Chiat Kwong and deputy CEO Low See Ching are "personal and independent investment decisions". 

• Ascott triples units have been added in SEA.

• SingPost completed successfully test flight of drone for mail delivery.

• PEC warned of loss as S$19m is outstanding from Jurong Aromatics Corporation.

• Kwek/Quek family in Malaysia and Singapore is sixth-richest in Asia.

• Dollar little changed as compared to euro & yen.

• Oil fell down after rise in US inventories,& production.

• Gold climbed to one-week high on signs of slowing Global economic growth.

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STI Technical Analysis - 06 Oct, 2015

STI Market Review

• Singapore's benchmark Straits Times Index opened today at 2,778.59 points, up by 1.21 per cent or 33.92 points and ended 58.10 points or 2.08% higher to 2851.25. 

• STI came off from its intra-day peak of 2851.25 and low of 2822.28 Top Losers Scrip Name CMP % change SATS 3.9-1.52 THAIBEV 0.68-1.45 SIA 10.720.09 SPH 3.820.53 SIA ENGINEERING 3.720.54 Wall Street's unexpected bounce on Friday helped add some stability to Asian markets on Monday, enabling the Straits Times Index (STI) to jump 58.1 points or 2.1 per cent to 2,851.25. 

• Turnover however, remained low and concentrated in the 30 index stocks - the entire market traded just 1.1 billion units worth S$942 million of which S$697 million or 74 per cent was generated by STI components.

Market Forecast

STI is expected to be bullish tomorrow. STI has the resistance at 2860. If it breaks this level it is expected to go up till 2875. STI has its support at 2820. The bullish trend is supported by weak U.S. job data which has eased out the fear of U.S. rate hike by FED

Market Highlights

• Singapore Straits Times Index opened higher, gaining 32.50 points or 1.14 per cent to 2883.75.

• Asian stocks extended global surge on policy outlook as won jumps. Asia is set for more stock gains as US rate outlook fuels rebound.

• Miyoshi has signed a MoU on a joint venture with Fujian-based light electric-car firm Core Power Group. 

• Q&M Dental Group's indirect subsidiary is planning to acquire a 60% stake in Shenyang Lan Hai Tong Mao Medical Equipment Co, a distribution company located in Liaoning, China, for 7.56 million yuan (S$1.69 million).

• LMIRT is considering exercising put option for Jakarta mall's acquisition.

• Frasers Property in Australia and its JV partner, Sekisui House Australia, have been given the permission for their A$520 million (S$524 million) DUO, a two-tower, mixed-use project in the A$2 billion Central Park development in Sydney.

• A-Reit will issue S$300m perpetual bonds at 4.75%.

• Coca-Cola Singapore Beverages will shut its Tuas plant; commits US$100m investment.

• Ascendas Reit opened books for Sing dollar perpetual.

• China's economic slowdown is under control: Japan former FX head.

• Singapore's office rents have softened in Q3 on economic outlook.

• Singapore haze prompted banks to debate over rainforest loan standards.

• Banks should promote sustainable development, a statement by MAS.

• Dollar kept steady against emerging market currencies.

• Singapore funds are still haunted by risky credit crisis investments.

• Gold retained sharp gains after sluggish US jobs data.

• Oil extended gains in Asia.

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STI Market Review - 05 Oct, 2015

STI Market Review

Singapore’s benchmark Straits Times Index opened today at 2,778.59 points, up by 1.21 per cent or 33.92 points and ended 58.10 points or 2.08% higher to 2851.25. STI came off from its intra-day peak of 2851.25 and low of 2822.28

Market Forecast

STI is expected to be bullish tomorrow. STI has the resistance at 2860. If it breaks this level it is expected to go up till 2875. STI has its support at 2820. The bullish trend is supported by weak U.S. job data which has eased out the fear of U.S. rate hike by FED.

STI Day Performance

Open	2826.07
High	2851.25
Low	2822.28
Close	2851.25
Change (in points)	58.1
% Change	2.08%
Volume	1131.90M
Rise	273
Fall	109
Unch	405

STI Levels

Support 1	2820
Support 2	2800
Support 3	2780
Resistance 1	2860
Resistance 2	2875
Resistance 3	2888

STI Counter Specific News

• Ascendas Reit has kicked off bookbuilding on its much-anticipated Singapore dollar perpetual non-call 5, with guidance offered in the 5 per cent area.
  
  
• OSIM International is down 1.23% at $1.605 after Taiwan's Food and Drug Administration reportedly found excessive levels of pesticide residues in OSIM's majority-owned TWG Tea's "Chamomile Green Tea" that was exported from India.
  
  
• Two senior US-based energy executives have left commodity trader Noble Group in the past week.

Global Factor & World Indices

• Hong Kong stocks bounced sharply on Wednesday from the previous session's two-year lows, wrapping up a tumultuous quarter in which the benchmark Hang Seng Index plunged more than 20 per cent. At market close, the Hang Seng was up 1.4 per cent, to 20,846.30, while the China Enterprises Index gained 1.9 per cent, to 9,405.50 points.
  
  
• China's stocks rose, paring the biggest quarterly loss since 2008, as the government struggled to halt a US$5 trillion rout and the world's second-largest economy showed signs of a sharper slowdown.
  
  
• European stocks advanced, rebounding from Tuesday's decline, as investors paused to assess value in what is heading for the worst quarter in four years. The Stoxx Europe 600 Index jumped 1.8 per cent to 345.43 at 8:07 am in London.

• Nikkei The pan-European FTSEurofirst 300 index rose 2.2 per cent. The euro zone's blue-chip Euro STOXX 50 index advanced 2.5 per cent.
  
  
• Hong Kong stocks closed 1.62 per cent up on Monday. The benchmark Hang Seng Index gained 348.41.79 points to end at 21,854.5.
  
  
• Tokyo's benchmark Nikkei 225 index closed higher on Monday on speculation the US Federal Reserve will keep interest rates near zero longer and an economic downturn will force Japanese policymakers to increase stimulus this month.
  
  
• Australian shares opened the week with a blazing start, jumping nearly 2 percent on Monday. S&P/ASX 200 index surged 98.48 points to finish near day's high at 5,510.5 - the highest close since Sept 18. The benchmark fell 1.8 per cent on Friday.
  
  
• Financial markets in China are closed on Monday for a public holiday. They will reopen on Thursday.
  
  
• Asian stocks rose early on Monday after prospects of a near-term interest rate hike by the Federal Reserve ebbed in the wake of Friday's weaker-than-expected US employment data.
  
  
• Taiwan stocks rose on Monday as foreign capitals started to return to domestic equities after four consecutive months of net outflow, according to Taiwan's financial regulator.
  
  
• The bond market shows traders see only an eight per cent chance the Federal Reserve will raise interest rates at its Oct 27-28 meeting following weaker-than-expected employment growth.
  
  
• Gold on Monday retained gains from its biggest daily jump in nearly nine months as weak US jobs data eased fears the Federal Reserve would hike rates this year.
  
  
• Oil held gains above US$45 a barrel after data showed a reduction in the number of rigs drilling for crude in the US, signaling output cuts in the world's biggest consumer.
  
  
• The dollar faced selling pressure against major currencies but strengthened against most of its Asia-Pacific peers Monday as concerns over emerging economies remained strong despite an expected delay in Washington's rate hike.

STI Technical Analysis - 05 Oct, 2015

STI Market Review

• Singapore benchmark Straits Times Index (STI) opened at 2,800.54 points, up 9.65 points or 0.35 per cent, after US stocks gained the previous night and ahead of the release of China's official purchasing managers' index (PMI) data, a manufacturing gauge and ended 11.51 points or 0.41% higher to 2772.36. 

• STI came off from its intra-day peak of 2799.80 and low of 2772.36 Top Losers Scrip Name CMP %change NOBLE 0.41-1.2 KEPPEL CORP6.72- 0.88 SEMBCORP MARINE 2.27-0.87 UOL 5.96-0.83 JARDINE C&C 26.82-0.74

• Singapore stocks posted gains midday on better-than-expected economic data out of China. China's official Purchasing Managers' Index climbed to 49.8 in September, compared with a median estimate of 49.7 in a Bloomberg poll, as well as an August reading of 49.7.

Market Forecast

• STI is expected to be positive tomorrow as China's official Purchasing Managers' Index has come better than expected. STI has the support level of 2778.

• STI has its resistance at 2828. If it breaks this level it might go up to 2860. Investor sentiments are still cautious over the early rate hike of U.S. by FED.

 

STI Counter Specific News

• Singtel's Thai associate Advanced Info Service Public Company Ltd has submitted for arbitration, on Sept 30, a claim for 70 billion baht (S$2.7 billion) from Thai state-owned telco TOT Public Company Ltd.

• QT Vascular has successfully defended itself against a patent infringement lawsuit filed by another medical company- AngioScore.

• ST Engineering CEO will retire next year.

• Hong Leong Asia expects to post a loss for its third quarter and nine months ended Sept 30.

Market Highlights

• Singapore benchmark Straits Times Index opened higher, after Wall Street gained on Friday, rising 36.23 points or 1.3 per cent to 2,829.38.

• Mandala Energy will invest US$179.6 million in a 35% stake in the Lemang Production Sharing Contract from Ramba Energy's subsidiary, PT Hexindo Gemilang Jaya.

• Sinocloud cancelled its proposed acquisition of up to 45.95% of China Satellite Mobile Communications Group.

• Global Yellow Pages signed a deal to buy a company that handles the retail master franchise and supply chain business for the Wendy's brand of ice-cream in Australia and New Zealand.

• Singapore Exchange (SGX) has launched a new index business,named "SGX Index Edge", which will offer comprehensive services aimed at addressing the rising demand for index-linked investment in Asia.

• Oil gains near US$45 as falling rigs signal US output cuts.

• Dollar slumped,while Asian index futures rise as jobs dim rate outlook.

• World Bank trims 2015 & 2016 East Asia forecasts, cites China and US rate risks.

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