STI ends 0.2% higher

Trading is forecast to be in a more consolidative mode.

OCBC Investment Research said:

The muted reactions on Wall Street overnight and the weak Nikkei start (down 0.2% now) are likely to keep the local bourse in a more consolidative mode this morning.

As a recap, the STI opened strongly with a 0.8% gain yesterday but gave most of it up to end just 0.2% higher.

Nevertheless, the 3110 previous key obstacle has been conquered and is now the newly established immediate resistance-turned-support. Below that, the next base lies at the 3080 minor resistance-turned-support.

On the upside, 3140 (gap resistance) is now the immediate obstacle, with the subsequent hurdle pegged at the 3180 support-turned-resistance.

IG Markets Singapore meanwhile noted:

In Singapore today, Thai tycoon Charoen sees his deadline expire for his $8.88 offer for Fraser & Neave. Thailand’s richest have been the source of many M&A deals across the region this year and Charoen won’t want to see his name drop off that list.

The futures market points to a positive start to the day in Singapore, with the STI set to open marginally higher this morning.



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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3492-0.0018-0.13%
    USDSGD=X
    1.4759+0.0031+0.21%
    EURSGD=X
    2.0653-0.0089-0.43%
    GBPSGD=X
    91.9830+0.406+0.44%
    SGDJPY=X
    5.7458+0.0036+0.06%
    SGDHKD=X
    2.6972+0.0004+0.02%
    SGDMYR=X
    9,783.2168+31.1602+0.32%
    SGDIDR=X
    4.5947+0.0052+0.11%
    SGDCNY=X
    1.0336-0.0108-1.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,187.40+0.90+0.08%
    GCQ15.CMX
    16.650.00+0.02%
    SIN15.CMX
    68.76+0.07+0.10%
    ^XAU
    2.770.00+0.07%
    HGN15.CMX
    57.82+0.31+0.54%
    CLN15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.53+0.01
    ^FVX
    2.130.00
    ^TNX
    2.88-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.195+0.020+11.43%
    F13.SI
    0.415-0.010-2.35%
    E5H.SI
    0.335-0.005-1.47%
    AFC.SI
    0.290.000.00%
    5WA.SI
    4.12-0.04-0.96%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.18+0.03+20.00%
    P36.SI
    0.155+0.021+15.67%
    5F4.SI
    0.128+0.014+12.28%
    510.SI
    0.195+0.020+11.43%
    F13.SI
    0.33+0.03+8.20%
    T18.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.192-0.108-36.00%
    AYE.SI
    0.15-0.02-11.76%
    5MQ.SI
    0.31-0.04-11.43%
    AYL.SI
    0.098-0.011-10.09%
    O2I.SI
    1.80-0.20-10.00%
    AYC.SI