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
    1.3560-0.0018-0.13%
    USDSGD=X
    1.5579-0.0018-0.11%
    EURSGD=X
    1.9688+0.0001+0.01%
    GBPSGD=X
    78.9897+0.1892+0.24%
    SGDJPY=X
    5.7228+0.0057+0.10%
    SGDHKD=X
    2.9533-0.0113-0.38%
    SGDMYR=X
    9,850.0195-2.3496-0.02%
    SGDIDR=X
    4.7973+0.0134+0.28%
    SGDCNY=X
    1.0159+0.0032+0.31%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,284.10+9.70+0.76%
    GCM16.CMX
    17.50+0.19+1.12%
    SIN16.CMX
    83.27-3.96-4.54%
    ^XAU
    2.18-0.01-0.25%
    HGN16.CMX
    44.75+0.97+2.22%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.24-0.02
    ^FVX
    1.78-0.02
    ^TNX
    2.64-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.4250.0000.00%
    N21.SI
    0.380.00-1.30%
    E5H.SI
    0.475+0.025+5.56%
    42R.SI
    0.42+0.02+6.33%
    42W.SI
    3.78+0.02+0.53%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.42+0.02+6.33%
    42W.SI
    0.475+0.025+5.56%
    42R.SI
    0.795+0.040+5.30%
    5ER.SI
    0.245+0.010+4.26%
    5UZ.SI
    0.505+0.015+3.06%
    5JS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.20-0.02-11.11%
    L38.SI
    0.172-0.013-7.03%
    AWQ.SI
    0.20-0.02-6.98%
    AWI.SI
    0.595-0.020-3.25%
    N01.SI
    0.196-0.009-4.39%
    I07.SI