Transcript
Page 1: Technical Report on Singapore STI

STIT E C H N I C A L

July 31st, 2014

REPORT

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Page 2: Technical Report on Singapore STI

Market Review for STI

STI opened at 3356.07 today. The

early trading was little bullish then

market took the bearish move and

close at 3351.310. Asia's markets

rose further on Wednesday, extending

a recent rally, with a weaker yen

boosting Tokyo while investors await

the release this week of key US data

and the Federal Reserve's policy

meeting.

Market forecast for STI

Prices are above the 20&50 days EMA

.Though the market is not good the

counters are not in a bullish move

rather most of the active counters are

in consolidation phase .In such case,

the starting of the market can indicate

the bullishness or bearishness for the

same.

Technical indicators

RSI is above the centre line and is at

level 70.51 and CCI is at 136.93.

Top Gainers

Scrip Name CMP %change

UOB 23.98 1.27

Global Logistic 2.79 1.09

JMH 400 USD 59.9 0.94

Jardine C&C 46.7 0.93

Sembcorp

Marine4.14 0.73

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STI Day Performance

Open 3356.070

High 3364.050

Low 3349.690

Close 3351.310

Change(Points) -4.770

% Change -0.14%

Volume 1649.6M

Rise 128

Fall 278

Unch 701

Top Gainers

Scrip Name CMP %change

OCBC Bank 9.91 1.54

CapitaLand 3.32 0.91

UOB 24.05 0.29

DBS 18.08 0.28

HongkongLand

USD 6.73 0.15

OCBC Bank 9.91 1.54

Top Losers

Scrip Name CMP %change

SIA Engineering 4.69 -1.88

ThaiBev 0.625 -1.58

CapitaMall Trust 1.98 -1.49

JSH 500 USD 35.81 -1.16

Noble 1.42 -1.04

Page 3: Technical Report on Singapore STI

Important Factor for today

Singapore's Oversea-Chinese Banking Corporation has acquired a total of 97.52% of the issued share

capital of Wing Hang Bank, closing the US$4.95 billion ($6.15 billion) bid for the Hong Kong lender.

Keppel Land, Singapore's third- biggest developer by value, made its maiden investment in the U.S. with

a prime residential development in New York City.

Singapore's City Developments and Australia's Stock land Group are considering bidding for Leighton

Holdings' $7 billion ($8.7 billion) residential and commercial property portfolio, a leading Australian

newspaper reported on Tuesday.

Singapore's central bank announced new proposals to regulate financial benchmarks, in the wake of a

series of scandals around the world involving traders manipulating Libor and other key rates.

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