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
    1.3605+0.0029+0.21%
    USDSGD=X
    1.4948+0.0058+0.39%
    EURSGD=X
    1.7877+0.0114+0.64%
    GBPSGD=X
    78.0530+0.126+0.16%
    SGDJPY=X
    5.7000-0.0077-0.13%
    SGDHKD=X
    2.9902+0.0005+0.02%
    SGDMYR=X
    9,658.6963-25.4873-0.26%
    SGDIDR=X
    4.9089-0.0134-0.27%
    SGDCNY=X
    1.0181+0.0058+0.57%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,314.90-8.50-0.64%
    GCQ16.CMX
    19.50-0.19-0.99%
    SIU16.CMX
    103.74-0.30-0.29%
    ^XAU
    2.240.00+0.13%
    HGU16.CMX
    43.91-0.28-0.63%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.12+0.02
    ^FVX
    1.570.00
    ^TNX
    2.29-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.34-0.03-8.11%
    5ME.SI
    0.168-0.003-1.75%
    N21.SI
    0.137-0.004-2.84%
    43E.SI
    3.18+0.05+1.60%
    C31.SI
    4.28-0.02-0.47%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.25+0.09+56.25%
    BFT.SI
    0.245+0.045+22.50%
    BTF.SI
    0.40+0.05+14.29%
    BDF.SI
    0.165+0.015+10.00%
    5G1.SI
    0.25+0.02+8.70%
    BLW.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.40-0.05-11.11%
    567.SI
    0.118-0.013-9.92%
    BGK.SI
    0.235-0.025-9.62%
    M1Z.SI
    0.22-0.02-8.33%
    BHO.SI
    0.34-0.03-8.11%
    5ME.SI