1. Concerns of US interest rate hike had escalated last week as US economic data are showing stronger numbers over the week. Straits Times Index did not react positively to such information. Selling pressure was seen throughout the week which pushed STI beyond its 3 weeks support level at 2830 level. Trading volume continues to be on the lacklustre side as market participants preferred to stay cautious. Every attempts of rebound during the week were greeted with much stronger selling pressure. Hence, STI fell by 53.73pts during the week. Ending at 2803.92 level.

    Given that STI is unable

  2. Trading volume diminished for another week as market participants continued to stay out of the market in the midst of uncertain market condition. Many were waiting for an answer of the period US Fed their interest rate increment. Yellen was set to speak on Friday night which the market eagerly anticipated. During this week, Singapore’s ex-president SR Nathan passes away. This a solemn moment for the country as citizen mourned for his death. Therefore, there isn’t much of the movement in the market during the week. Bullish movements were seen in the mid of the week to push STI towards 2880 r

  3. It was another quiet week for Straits Times Index as there was lack of fresh catalyst to spur market movement. Earnings reporting had come to an end and hence, volatility started to revert back to the usual mode. Trading volume turned out to be the lowest of the past few months. During this week, STI failed to perform bullishly and ended up 23.38pts lower. Bearish sentiment was seen throughout the whole week but what is lacking is strong selling pressure. Cautiousness can still be felt in the market but positive buyers are still sustaining the market. Closing at 2844.02 level, it left many

  4. Straits Times Index managed to stage a rebound last week as market participants started to digest the impact of Swiber’s fallout. The affected banks openly declared their exposure and plans for Swiber’s fallout. This leads to confidence in the market. Therefore, the banks recovered a little last week. Oil & Gas sector also managed to recover some losses last week. Hence, the market was able to rebound 39.23pts. Some speculated that it can be the feel good effect as Singapore celebrated its 51st birthday last week. This is what many called the National Day Rally effect. They h

  5. Straits Times Index continued its bearish streak last week as the market continued to talk on Swiber’s incident. Banks became the main focus of the week as many were speculating on the possible domino effect after Swiber’s fall. DBS, having the largest loan exposure in Swiber, faced an uphill task to be transparent to the market before its earnings announcement on 8 Aug. Market sold ahead of the earnings announcement which caused the index to fall deeper. Concerns are also on the Oil & Gas sector with many expecting further fallout in the industry. Therefore, STI fell 40.52pts during th

  6. Straits Times Index had managed to retrace strongly last week. Swiber’s decision to wind up its business had shocked the market last week. Oil & Gas sector was impacted as such winding up action implies the weakness in the sector. Furthermore, majority of the debt of Swiber is being financed by local banks. Hence, banking sector was also greatly affected. These 2 sectors had caused STI to lose a total of 76.66pts for the week. With this bearish action, it also means that STI’s resistance at 2950 level is being confirmed. Thus, causing STI to end the week 2868.89 level. Last Friday, Swib

  7. Straits Times Index extended its gains last week despite the lack of news to drive the bullish strength. Earnings reporting starts to increase in intensity during the week. Many had reported lower in earnings which did not stop STI from gaining strength. However, the bullish strength is not as strong as the previous week it is facing resistance at 2950 level. There were some selling pressure during the week but buyers are still willing to support the market. Hence, STI was able to end the week at 2945.35 level with 20pts up.

    With Earnings report nearing the peak this week, will STI b

  8. Straits Times Index turned out to be a pretty exciting last week. The week started with a break out action which broke the tough resistance at 2860 level. Breaking out of this resistance level indicates that STI is attempting to form an uptrend momentum. It succeeded in maintaining the break out on Tuesday by heading higher. There isn’t any bearish news that prevented the market from going higher; with exception of an abrupt trading halt on Thursday last morning. More than half of day was closed for trading as SGX’s trading system faced technical problem. However, this did not stop the mark

  9. Straits Times Index faced a week of cautiousness as many were searching for reasons to sustain the bullishness from the previous week. The week started with positiveness but it failed to sustain the next day. This is probably due to the public holiday in the middle of the week. With uncertainty in the market, traders are more reluctant to hold their positions over the weekends or holiday period. Trading volume fell during the week. This also shows that market participants are staying away last week. Furthermore, with US job data reporting last Friday, many traders decide to stay cautious an

  10. Brexit incident did not deteriorate the market like many expect it to be. Instead, it turns out to be a usual occurrence in the charts last week. Losses during the previous week were quickly being recovered last week as positive vibes returned to the market suddenly. Britain have yet to leave the EU; which came into awareness to many that it might even take years for this to happen. There were still debates in the EU currently, hence, conclusive decisions are hard to make currently. Therefore, the market could have decided to shift its focus towards other issues. US Fed have decided to dela