Market Review:
Singapore shares edged down today
despite robust US data and upbeat earnings from Bank of America,
while stocks of commodities firms fell on concerns about changing
supply and demand dynamics.
STRAITS
TIME LEVELS
|
|
Support 1
|
3120
|
Support 2
|
3105
|
Support 3
|
3090
|
Resistance 1
|
3155
|
Resistance 2
|
3175
|
Resistance 3
|
3195
|
Market forecast:
STI opens gap up @ 3150 and made day
high @ 3155 mark just above then recent high also traded above 50 day
MA level.
STI opens at day high but didn’t
sustain that level and fell down and took support at 3135.47 and
finally closed above 50 day MA level. This is positive sign.
For the coming days STI have to maintain above its 3120-3140 mark, if
STI maintain this level then we can upside move soon, on the other
side if it would not be able to maintain this than index can lose
more.
Support:
STI
Day Performance
|
|
Open
|
3150.00
|
High
|
3155.70
|
Low
|
3135.47
|
Close
|
3140.44
|
Change(Points)
|
-2.81
|
% Change
|
-0.09%
|
Volume
|
2482.1M
|
Rise
|
154
|
Fall
|
242
|
Unch
|
393
|
Support:
STI having
immediate support @ 3120 level and below this level it can take
support @3105-3090 will be the support zone for STI.
Resistance:
STI having
immediate Resistance @3155 and above this level it may take
resistance @ 3175-3195
Technical
indicators:
Technical
indicators MACD, RSI and CCI are turning.
Top
5 Gainers
| Scrip Name | CMP | %change |
| Jardine C&C | 39.97 | 1.45 |
| Kep Corp | 10.94 | 0.83 |
| CapMallsAsia | 1.905 | 0.79 |
| HPH Trust US$ | 0.68 | 0.74 |
| GLP | 2.95 | 0.34 |
Top
5 Losers
| Scrip Name | CMP | %change |
| SGX | 7.04 | -1.12 |
| Noble Grp | 1.025 | -0.97 |
| Olam | 1.535 | -0.97 |
| GoldenAgr | 0.52 | -0.95 |
| CapitaMall | 1.865 | -0.8 |
IMPORTANT
FACTORS:
According to the Department of Statistics, compared to November 2012 retail sales declined 8.7% in November 2013, mainly due to lower motor vehicles sales. Excluding motor vehicles, retail sales went up by 0.4%.
According to the Department of Statistics, compared to November 2012 retail sales declined 8.7% in November 2013, mainly due to lower motor vehicles sales. Excluding motor vehicles, retail sales went up by 0.4%.
EZION Holdings announced it has
received a letter of intent to provide a service rig to be used by a
South-east Asian based national oil company over a five-year period
for about US$94 million (S$119.7 million).
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