Singapore Exchange Technical Report on STI

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SINGAPORE EXCHANGE 21st Feb,2014 Technical Report Global Research Limited www.capitalvia.com.sg

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Singapore Exchange Technical Report on STI

Transcript of Singapore Exchange Technical Report on STI

Page 1: Singapore Exchange Technical Report on STI

SINGAPORE

E X C H A N G E

21st Feb,2014

Technical Report

G l o b a l R e s e a r c h L i m i t e d

www.capitalvia.com.sg

Page 2: Singapore Exchange Technical Report on STI

Technical Report

STI Day Performance

Open

High

Low

Change(Points)

% Change

Volume

Rise

Fall

Unch

Open

3093.39

3101.58

3084.10

3086.64

-2.15

-0.07

1584.5M

168

209

665

STRAITS TIME LEVELS

Support 1

Support 2

Support 3

Resistance1

Resistance 2

Resistance 3

3075

3060

3045

3105

3115

3130

Top 5 Gainers

Scrip Name1

GreatEast

Semb Corp

BukitSem

UOB

SIA

1.80

2.06

1.88

0.48

0.79

CMP %change

18.04

5.43

5.41

20.70

10.18

Top 5 Losers

Scrip Name1

Jardine C&C

JMH 400US$

JSH 500US$

CITYDEV

UOL

-3.25

-1.66

-0.88

-1.17

-1.34

CMP %change

37.20

54.94

32.68

9.27

5.87

Market Review:

Today again the cycle for the up trend continues and the STI opened higher up

at 3.81 points to 3092.60 later it came down and made a low of 3084.10 and

closed near to the lower side of the day at 3086.64

Market forecast:

Singapore Index wining strike continues for 4th trading day of this week and rose almost 1

months high level above 3100 mark.

STI trading higher side and made candlestick pattern called Engulfing , this today's candle

engulf previous day candle with good range of movement , it maintain itself above 50 day

EMA level.

As we previously mention in our reports STI is breaching its resistance day by day, now its

next resistance comes @3105 marks, on the other side our previous resistance level will act

support levels.

Support:

STI having immediate support @ 3075 level and below this level it can take

support @3060-3045 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3105 and above this level it may take

resistance @ 3115-3130

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G l o b a l R e s e a r c h L i m i t e d

www.capitalvia.com.sg

Technical indicators:

Technical indicators MACD given its bullish crossover in Daily chart , RSI and

CCI are trading in recovery mode , RSI is in oversold zone so we can expect

recovery in it.

Page 3: Singapore Exchange Technical Report on STI

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G l o b a l R e s e a r c h L i m i t e d

www.capitalvia.com.sg

Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective. The

information contained herein is based on analysis and up on sources that we consider reliable. We, however, do not vouch for the

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based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.

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Important Factor for today:-

Disclaimer

Corporate Action & Result Calendar as on 21th Feb 2014

Technical view on STI

The most important factor for the Singapore Economy was published today by the Singapore gov. The

expected GDP for Q4 2013 was 4.4 % whereas actual came at 5.5 % on YOY basis, major factor that

supported the GDP growth was manufacturing, which grew 7% on YOY basis.

Singapore non-oil domestic exports shrink 6% in 2013.

EMS Energy's FY13 earnings lifted by asset sale.

EMS Energy announced the net profit of S$ 3.81 million for the year ended Dec 2013. Even EMS managed to

save its administrative expenses to S$9.26 million.

Fitch: Singapore banks to stand firm despite rising headwinds.

8.6% of growth in new business formation in Singapore for the Q4 Dec 2013, around 14,500 new businesses

were formed in Singapore.

Ezion Holding declared a final dividend of 0.1 cent per share and profit of US$ 39.87 million for the Q4 Dec

2013 which was almost twice US $ 20.71 million from the last FY.

Singapore Domestic wholesale trade increased 3.3% in Q4 Dec 2013, general wholesale trade sec made the

largest growth of 32.7% for Q4 Dec 2013 On YOY basis.

Company Name Type Expiry

Date

Record Date Date

Paid/Payable

Particulars

Unionmet Ex-Rights 25 Feb 2014

Amtek Ex-Dividend 25 Feb 2014 07 Mar 2014

BMT 100 Ex-Dividend 25 Feb 2014 11 Mar 2014

Karin Ex-Dividend 25 Feb 2014 13 Mar 2014

Ellipsiz Ex-Dividend 25 Feb 2014 18 Mar 2014