Market updates 20-09-2018

Singapore Stocks: SGX stocks continuously opened higher on Thursday (Sept 20-2018), with the Straits Times Index rising 0.17 percent or 5.38 points to 3,181.95 as at 9.02am.

Gainers stocks quantity rising with the positive response of the market. It raised up 65 gainer stocks on 35 loser stocks. We can say that about 13 securities raised on for every seven down, after 34.2 million securities raised worth to $54.6million.

STI continuously moving upward on the second day but Technically, Singapore market is in clear downtrend, maybe SGX recovering after a downtrend for short term. Fundamentally, the market has priced in too much pessimism about the outlook.

Most active stocks for the day are Mapletree Log Tr, KrisEnergy, Genting Sing, YZJ Shipbldg SGD, ThaiBev, Falcon Energy and COSCO SHP SG.

Moreover, in the race of top gainer stocks of SGX market, XT SingGovBond SG$ is raised up to SGD 6.280 and Shangri-La HKD raised up to HKD 1.360; And the top loser of the race are JMH USD JARDINE MATHESON HLDGS LTD with Change -USD1.370 and JSH USD JARDINE STRATEGIC HLDGS LTD with Change USD-0.620

 

Global Index Updates

NASDAQ: Nasdaq Composite closed -6.07 for today

STI: Straits Times Index opens higher today 3,180.43 from previous close 3,176.57

HKEX: Hang Seng index opens higher today 27,605.72 PREV CLOSE 27,407.37

KLSE: FTSE Bursa Malaysia KLCI Index opens higher today 1,804.01 from PREV CLOSE 1,800.71

  

Commodity Market:

Gold: On Wednesday, around $1210 level gold find a resistant. It is rejected by the level throughout the day.  Whereas, It has a support level at $1205. 

Crude Oil: Saudi Arabia is comfortable to sell crude oil at $80/bbl price. A daily close below rising trend support in the 65.62-67.50 zone opens the door for a challenge of the 64.26-45 region.

  

Singapore Dollar SGD:

USD/SGD is trading at 1.3682 SGD. It opens at  1.3690 SGD and day range is 1.3677 to 1.3696

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