1. It was a volatile week for Straits Times Index as market participants were uneasy on the bullishness of the market. The week started off with profit taking pressure as oil prices faced selling pressure. However, STI managed to hold itself well at around 2830 level and started to rebound again. On Thursday STI gained bullish traction when oil prices rebounded strongly with positive news of Opec cutting oil supply. This allowed oil-related companies to rally. 2880 resistance level was even broken on that day. However, the trading volume was on the low side as many are still doubtful of the su

  2. The Straits Times Index managed to rebound from its support level at 2800 level last week after announcements from the central banks of Japan and US. BOJ claims that they still have the ability to implement further economic stimulus measures if there is a need in the future. This helped to lift the sentiment in the Japan market. On US side, Federal Reserve decided to maintain the interest rates. However, they are still expecting to increase the interest rates as the economic situation is getting better. These announcements happened on last Wednesday. In Singapore, STI reacted positively dur

  3. The Straits Times Index failed to break the strong resistance level of 2880 last week. Caused by streams of concerns on interest rates issues of Japan and US, market participants decided to take the safer route by exiting the market. BOJ interest rate policy is backed to the limelight as many are pondering on the effectiveness of the negative interest rate hikes. US interest rate hike concerns dominated the market last week as fresh speculation is that the rate hike might happen as early as this week. Hence, large swings of prices were felt during the week; Erasing the large gains on the pr

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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