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 |
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