1. The 2nd week of December continues to be a bullish week for Straits Times Index. The bullishness was supported by the rally of both Banking and Offshore Marine sectors last week. Profit taking sentiment was seen during the week but it was quick to be countered by buyers whom are still positive of the market outlook. However, on last Friday’s closing, STI seems to be facing some selling pressure which caused STI to close at 2956.13 level. Despite the profit taking action on Friday, STI still managed to end the week with 36.76pts higher.

    STI had clocked 5 consecutive weeks o

  2. The Straits Times Index ended the month of November with a bang despite all the concerns on the results of US presidency election. Opec’s meeting last week concluded with reduction in production of oil supply. This lifted the sentiment in Singapore market as oil-related industries in Singapore are facing dire state. Offshore & marine counters showed strong gains while banking counters also got a lift from the positive sentiment. These resulted in strong gains in STI during the week which broke 2880 resistance level easily. Profit taking actions were countered by bullish buyers during th

  3. The Straits Times Index managed to maintain its bullish momentum last week. Concerns on Trump’s upcoming presidential seat have turned into a picture of a beautiful painting of pro-business decisions. Interest rate hikes that used to cause negative sentiments have not turned into positive sentiment for the market. Banking sector gained bullish traction as many deemed that the interest rate hike will be beneficial for the banks. Oil prices sustained as the Opec meeting was looking towards reducing its oil supply. Oil related counters like offshore marines and commodities gained some momentum

  4. Post US-election week had turned out to be a volatile week as market concerns mounted due to upcoming President Trump’s promises during his election talk. The week started bearishly as the market starts to digest on one of the biggest talk after Trump’s win; The Trans-Pacific Pact (TPP). Leaders of TPP shared their concerns and it seems likely that US, the main leader of the pact, is unlikely to continue with the deal after Trump’s administration. Singapore market weights on the concerns during the early week. However, positive sentiment started to build up as there were talks of possibilit

  5. Surprise happened. Donald Trump had won the presidential election. Many traders were dismayed and disbelieved on the result. Shock and angry were among some people, while fear and anxiety struck some. Asia markets rocked when the results of the election were being confirmed during Asian hours. They reacted negatively to winning of Donald Trump as he has stated to abolish the Trans-Asia Pacific Pact which has benefitted some Asian countries including Singapore. Furthermore, concerns were also seen on whether trade protectionism will be imposed by the new US president. Hence, STI suffered a s

  6. As US presidency elections started to draw nearer, global markets are watching closely to the progress of the election. Many were anticipating the election outcome over the period and these sentiments have been passed to the stock markets in the world. There was a shift in expectations last week and this caused the markets to lose its confidence. Straits Times Index was not spared from the shift and hence, faced selling pressure during the week. It attempted to rebound during the early week after holding at its support level of 2800 level. But there are no positive catalysts to boost the re

  7. It is another quiet and volatile week for the Straits Times Index as cautious sentiment continues. As US presidency election starts to draw nearer, market participants braced themselves for the expected volatility by staying out of the market. Furthermore, as the quarterly earnings reporting starts, concerns elevated due to multiple reports of weak earnings. These factors caused STI to head southwards despite a bullish start. With a high of 2860 level, it is clear to see that STI was unable to sustain its gains and spend more of the time climbing downwards. These actions lead to a low of 28

  8. The Straits Times Index faced another volatile week last week as market participants continue to react quickly to ongoing happenings in the world. The week was seen starting bullishly. This bullishness was helped by the rising oil prices. Oil-related companies were seen rebounding firmly until Wednesday. Hence, STI followed the rebound and even hit a high of 2856 level last Thursday. However, this bullish mood was quickly dampened when Keppel announced its earnings on Thursday. Its lower earnings lead to concerns of whether offshore marine sector will likely to face further downturn. Hence,

  9. Bullishness in Straits Times Index failed to sustain last week. Instead, bearishness was being invited into the market. Concerns of interest rate hikes mount last week after controversy US presidency debate between 2 candidates. For some traders, they made use of this opportunity to take profits off the market which created downside pressure. Rebound actions were unseen during the first 4 days of the week. Gap down openings were common during the week. Trading volume was seen on the heavier side which indicated the rising concerns in the market. A rebound at the end of the week had helped S

  10. The Straits Times Index managed to another bullish week last week. This is in line with the expectation of further bullishness to enter the market. The main driving factor for STI’s bullishness is the rising oil price. Within the week, there were multiple attempts to break the key resistance level of 2880 level. Thursday was the only day that STI managed to stay above 2880 level. However, this breakout was unsustainable as it is lacking of trading interest. Profit taking actions were quickly seen on the next day. In the midst of this bullishness, multiple concerns were being discussed. Conc