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
    1.2505-0.0004-0.03%
    USDSGD=X
    1.7306+0.0024+0.14%
    EURSGD=X
    2.1050+0.0037+0.18%
    GBPSGD=X
    81.5340-0.2023-0.25%
    SGDJPY=X
    6.2010+0.0022+0.04%
    SGDHKD=X
    2.5918+0.00010.00%
    SGDMYR=X
    9,142.2373-0.7803-0.01%
    SGDIDR=X
    4.9728-0.00020.00%
    SGDCNY=X
    1.1723+0.0004+0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,301.70-1.80-0.14%
    GCM14.CMX
    19.57-0.07-0.35%
    SIK14.CMX
    90.83-1.04-1.14%
    ^XAU
    3.04+0.01+0.45%
    HGK14.CMX
    104.00+0.24+0.23%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65+0.04
    ^FVX
    2.64+0.01
    ^TNX
    3.45-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.1170.0000.00%
    B22.SI
    0.495+0.035+7.61%
    5GJ.SI
    2.26+0.080+3.67%
    5ME.SI
    2.20+0.010+0.46%
    JS8.SI
    0.6050.0000.00%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.20+0.034+20.48%
    5WD.SI
    0.18+0.020+12.50%
    T16.SI
    0.215+0.015+7.50%
    5UE.SI
    0.495+0.035+7.61%
    5GJ.SI
    0.68+0.035+5.43%
    5DP.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.112-0.008-6.67%
    5RC.SI
    0.19-0.010-5.00%
    567.SI
    0.22-0.010-4.35%
    D6U.SI
    0.59-0.020-3.28%
    544.SI
    0.13-0.004-2.99%
    B32.SI