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
    1.3751+0.005+0.36%
    USDSGD=X
    1.4881-0.0036-0.24%
    EURSGD=X
    2.0347-0.0053-0.26%
    GBPSGD=X
    87.3288+0.3461+0.40%
    SGDJPY=X
    5.6399-0.0193-0.34%
    SGDHKD=X
    2.6987+0.0132+0.49%
    SGDMYR=X
    9,522.6523-18.9961-0.20%
    SGDIDR=X
    4.5135-0.0189-0.42%
    SGDCNY=X
    1.0519-0.0077-0.72%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,184.40-15.40-1.28%
    GCJ15.CMX
    16.67-0.40-2.37%
    SIK15.CMX
    66.39-1.34-1.98%
    ^XAU
    2.78+0.01+0.38%
    HGK15.CMX
    48.50-0.37-0.76%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.420.00
    ^FVX
    1.96+0.01
    ^TNX
    2.55+0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.170.00+1.80%
    5GB.SI
    0.134+0.003+2.29%
    E13.SI
    0.2850.0000.00%
    5WA.SI
    0.144+0.003+2.13%
    5G9.SI
    0.77+0.02+3.36%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.18+0.02+13.92%
    M11.SI
    0.113+0.012+11.88%
    5MM.SI
    0.99+0.10+11.24%
    NC9.SI
    0.194+0.019+10.86%
    B69.SI
    0.22+0.02+10.00%
    5UF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.089-0.021-19.09%
    5TN.SI
    0.335-0.050-12.99%
    5DS.SI
    0.112-0.015-11.81%
    5NV.SI
    0.123-0.016-11.51%
    P36.SI
    0.138-0.014-9.21%
    K2P.SI