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
    1.4154-0.0003-0.02%
    USDSGD=X
    1.5742-0.0149-0.94%
    EURSGD=X
    2.1596-0.0068-0.31%
    GBPSGD=X
    84.8448-0.1702-0.20%
    SGDJPY=X
    5.4756+0.0013+0.02%
    SGDHKD=X
    2.9944+0.0165+0.55%
    SGDMYR=X
    10,097.2471+81.2842+0.81%
    SGDIDR=X
    4.4909+0.0012+0.03%
    SGDCNY=X
    0.9932-0.0035-0.35%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,124.50-9.10-0.80%
    GCZ15.CMX
    14.69+0.03+0.19%
    SIZ15.CMX
    45.62-0.61-1.31%
    ^XAU
    2.38+0.05+2.00%
    HGZ15.CMX
    46.75+0.50+1.08%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.49-0.03
    ^FVX
    2.17-0.03
    ^TNX
    2.95-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.310.000.00%
    5WA.SI
    0.1320.0000.00%
    5DN.SI
    0.13+0.01+10.17%
    5GJ.SI
    3.70+0.03+0.82%
    Z74.SI
    0.140.00+3.70%
    AFC.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.205+0.047+29.75%
    L02.SI
    0.59+0.08+15.69%
    UD3.SI
    0.17+0.02+13.33%
    40N.SI
    0.19+0.02+11.76%
    5G1.SI
    0.195+0.019+10.80%
    KJ5.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.415-0.070-14.43%
    MN5.SI
    0.117-0.018-13.33%
    510.SI
    0.124-0.016-11.43%
    TI6.SI
    0.66-0.08-10.81%
    AXV.SI
    0.55-0.06-10.57%
    AXZ.SI