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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  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3766-0.0015-0.11%
    USDSGD=X
    1.5395+0.0017+0.11%
    EURSGD=X
    2.0260-0.0002-0.01%
    GBPSGD=X
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    SGDJPY=X
    5.6407+0.0057+0.10%
    SGDHKD=X
    2.9619-0.0075-0.25%
    SGDMYR=X
    9,877.9795-2.6582-0.03%
    SGDIDR=X
    4.7638+0.0056+0.12%
    SGDCNY=X
    0.9930+0.0014+0.14%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,229.90+6.10+0.50%
    GCM16.CMX
    16.44+0.18+1.13%
    SIN16.CMX
    82.23+2.07+2.59%
    ^XAU
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    HGN16.CMX
    49.92+0.36+0.73%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.40+0.01
    ^FVX
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    ^TNX
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    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.113-0.001-0.88%
    40E.SI
    3.88+0.06+1.57%
    Z74.SI
    0.310.00+1.64%
    N21.SI
    1.775-0.010-0.56%
    MC0.SI
    0.880.000.00%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.152+0.012+8.57%
    5OT.SI
    0.13+0.01+8.33%
    5MQ.SI
    0.98+0.08+8.29%
    5G3.SI
    0.35+0.02+6.06%
    BBP.SI
    0.795+0.045+6.00%
    BKV.SI
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    % Losers
    NamePriceChange% Chg
    0.38-0.10-20.83%
    BLR.SI
    0.155-0.024-13.41%
    5PF.SI
    0.315-0.035-10.00%
    BDF.SI
    0.355-0.035-8.97%
    42E.SI
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    578.SI