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
    1.3774-0.0002-0.02%
    USDSGD=X
    1.5090-0.0001-0.01%
    EURSGD=X
    2.1503+0.0029+0.13%
    GBPSGD=X
    90.0152+0.0101+0.01%
    SGDJPY=X
    5.6291+0.0014+0.02%
    SGDHKD=X
    2.8002+0.0008+0.03%
    SGDMYR=X
    9,791.2842+10.4707+0.11%
    SGDIDR=X
    4.5110+0.0034+0.08%
    SGDCNY=X
    1.0223+0.0197+1.97%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,090.70+1.50+0.14%
    GCU15.CMX
    14.62+0.06+0.43%
    SIZ15.CMX
    46.19+0.65+1.43%
    ^XAU
    2.36+0.02+0.79%
    HGU15.CMX
    46.40+0.84+1.84%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.54+0.03
    ^FVX
    2.18+0.03
    ^TNX
    2.88+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.60+0.13+27.66%
    N21.SI
    2.35+0.15+6.82%
    MC0.SI
    0.32+0.01+3.23%
    E5H.SI
    0.129+0.006+4.88%
    5DN.SI
    0.310.000.00%
    5WA.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.60+0.13+27.66%
    N21.SI
    0.445+0.065+17.11%
    AZT.SI
    0.31+0.05+16.98%
    578.SI
    0.15+0.02+16.28%
    EB7.SI
    0.119+0.014+13.33%
    5FR.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.23-0.04-14.81%
    5WR.SI
    0.425-0.060-12.37%
    MN5.SI
    0.20-0.02-9.09%
    L02.SI
    0.164-0.016-8.89%
    5KU.SI
    0.42-0.04-8.70%
    AZZ.SI