technical report on sti singapore

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STI T E C H N I C A L June 05th, 2014 REPORT www.capitalvia.com.sg

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Market Review for STI: STI gave a 2.12 points down opening @3295.18 ,it formed a red candle for the day and gave a closing @3280.17.The high for the day is marked @3298.07 and low for the day is @3273.58.

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Page 1: Technical Report on STI Singapore

STIT E C H N I C A L

June 05th, 2014

REPORT

www.capitalvia.com.sg

Page 2: Technical Report on STI Singapore

Market Review for STI

STI gave a 2.12 points down opening

@3295.18 ,it formed a red candle for

t h e d a y a n d g a v e a c l o s i n g

@3280.17.The high for the day is

marked @3298.07 and low for the day

is @3273.58 .

Market forecast for STI

STI formed a red candle for the day

and the index closed lower than the

previous day close .The index is in

uptrend but still the minor movements

may be in downtrend as from the last

three days. It is expected to move in a

downtrend 3240-3300.

Technical indicators

RSI is above the centre line @55.57,

where CCI @61.47

STI Day Performance

Open 3295.18

High 3298.07

Low 3273.58

Close 3280.170

Change(Points) -16.50

% Change -0.50%

Volume 1795.5M

Rise 147

Fall 252Unch 384

STRAITS TIME LEVELS

Support 1 3270

Support 2 3260

Support 3 3245

Resistance 1 3290

Resistance 2 3299

Resistance 3 3315

Top Gainers

Scrip Name CMP %change

Olam Intl 2.33 1.75

ComfortDelGro 2.42 0.83

SIA Engineering 5.01 0.81

HPH Trust USD 0.74 0.68

OCBC Bank 9.75 0.52

Top Loosers

Scrip Name CMP %change

CapitaMall Trust 1.99 -2.45

HongkongLand

USD6.83 -2.43

JMH 400 USD 59.88 -2.41

JSH 500 USD 35.6 -1.77

Golden Agri-Res 0.56 -1.75

Page 3: Technical Report on STI Singapore

Important Factor for today

The PMI slipped from April's six- month high of 51.1, suggesting that manufacturing continued to grow in May -

though at a slightly slower pace.

Singapore officially started its first power plant that fully operates on (LNG), declared by the head of the

company that owns the facility, as the city state tries to curb its reliance on piped natural gas.

Singapore is benefited from the developments in Islamic finance which is increasing rapidly in the past five

years.

The fall is observed in Asian markets after two days of healthy gains, while investors also took their lead from

Wall Street's retreat from record highs.

Oil prices rose in Asian trade because of strong manufacturing data from top global energy guzzlers the

United States and China.

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