Technical Report on Singapore STI

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Singapore share prices opened on a mixed note at 3353.70 with STI up with change of 31.670 points.
PETROCHEMICAL and fuel oil trader CEFC International has tied up with a subsidiary of Rizhao Port Group (RPG) to build and operate oil storage facilities in Rizhao port in China.
Total employment growth in Singapore fell to 22,000 in the second quarter of 2014, down from 28,300 in the previous three months and 33,700 a year ago.
Singapore’s bank lending registered flat growth in June compared to the previous month, dragged by a slip in business loans.
Ezion Holdings is proposing a bonus issue of one new share for every existing ordinary shares. Q2 earnings for Ezion Holdings rose 25.5% as the deployment of more of its multi-purpose self-propelled jack-up rigs led to higher chartering revenue.

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Technical Report on Singapore STI

  1. 1. STI T E C H N I C A L July 31st, 2014 REPORT www.capitalvia.com.sg R
  2. 2. 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 Marine 4.14 0.73 www.capitalvia.com.sgwww.capitalvia.com.sg R 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
  3. 3. 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. Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Investment in Stocks 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 accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. CapitalVia does not purport to be an invitation or an offer to buy or sell any financial instrument. Analyst or any person related to CapitalVia might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report orAny Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious LegalActions can be taken. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. www.capitalvia.com.sg R

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