SGX Singapore Market News Update

SINGAPORE Exchange (SGX) said programming changes over the weekend led to a software error that affected end-of-day processing on Dec 1.

All post-trade online systems, including the client-accounting system, have been available since 6am on Wednesday, SGX said.

The stock market's pre-open routine will begin at noon, with the open set for 12.30pm. The market will close as normal after 5pm.

The Monetary Authority of Singapore (MAS) has called the disruption "unacceptable" and warned that it could take supervisory action if necessary.

SGX Singapore Closing Market Update

SINGAPORE shares ended higher on Tuesday with the Straits Times Index gaining 16.68 points to 3,322.32.


Some 1.18 billion shares, valued at S$1.07 billion were traded. 

Gainers numbered 219 while losers numbered 171.

SGX IForex Recommendations

TRADING TIPS :

EUR/USD touched highs of 1.2507 and was last up 0.27% to 1.2485.The euro remained higher against the dollar on Monday after reports showing that activity in the U.S. manufacturing sector slowed slightly last month, but still comfortably outstripped the euro zone.Research group Market reported that U.S. manufacturing activity expanded at the slowest pace since January last month as new export orders fell, but continued to show steady growth.The Markit manufacturing purchasing managers’ index ticked down to 54.8 from 55.9 in October. Economists had forecast a decline to 55.0.The euro zone’s manufacturing PMI slowed to 50.1 from a preliminary reading of 50.4 last month, just barely above the 50 level separating growth from contraction.

INTRADAY OUTLOOK

Support: 1.2450

Resistance: 1.2500

RECOMMENDATION:

1. Buy EUR/USD Above 1.2502-TG:1.2522/1.2552 SL 1.2472

2. Sell EUR/USD Below 1.2448-TG:1.2428/1.2398 SL 1.2478

INTRADAY OUTLOOK

Immediate Support: 118.22

Immediate Resistance: 118.70

RECOMMENDATION:

1. Buy USD/JPY Above 118.72-TG:118.92/119.22 SL 118.42

2. Sell USD/JPY Below 118.20-TG:118.00/117.70 SL 118.50