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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  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115+0.013+12.75%
    40F.SI
    0.174+0.002+1.16%
    N21.SI
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    AAJ.SI
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    40E.SI
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    % Gainers
    NamePriceChange% Chg
    0.169+0.044+35.20%
    5PI.SI
    0.115+0.013+12.75%
    40F.SI
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    BQP.SI
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    A04.SI
    0.199+0.014+7.57%
    DU4.SI
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    % Losers
    NamePriceChange% Chg
    0.19-0.03-15.56%
    BTJ.SI
    0.38-0.07-15.56%
    AYB.SI
    0.445-0.075-14.42%
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    42L.SI

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    USDSGD=X
    1.5188-0.0001-0.01%
    EURSGD=X
    1.7600+0.0083+0.47%
    GBPSGD=X
    80.6940+0.541+0.67%
    SGDJPY=X
    5.4266+0.0006+0.01%
    SGDHKD=X
    3.1139-0.0213-0.68%
    SGDMYR=X
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    SGDCNY=X
    1.0779+0.0049+0.46%
    AUDSGD=X
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    1,199.70-12.40-1.02%
    GCG17.CMX
    16.90-0.38-2.19%
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    87.16-0.80-0.91%
    ^XAU
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