STI cross 3000... August marks a new start...

Yesterday really marks a very bright and good start for the month of August with STI opening above its resistance at 3011.

As the saying goes, a rising tide raises all boats.

Yesterday, banks are also performing well with DBS leading the pack ... UOB cross $20.00 this morning. Keppel corp is going to trade XD on the 4th of August, dividend is at 0.16 per share. If you have no intention to hold this counter, let it go before the XD date.
After the rally yesterday, we can see profit taking this morning which has caused the market to pullback. STI touched 3003 but managed to come back from support. Currently STI is trading at 3013, still above the psychological level. STI resistance at 3037, 3050. ..
Price of Genting Singapore was driven down from the sell down by the fund manager and the houses this morning.. dropped from 1.30 to 1.24.. Big volume selldown does not look positive for this counter.
If you are holding capitaland, do take note.
Capitaland - Cautiously bullish. RSI indicator reading at overbought level.

KIM ENG Lunch Bites - FJ Benjamin Top volume featureFJ Benjamin (FJB SP, $0.365) – FJB stands to benefit from Singapore’s robust GDP growth and this may be reflected in its 4Q results on 23 August. Prices are above the uptrend line with rising RSI suggesting momentum is gaining strength. Volume is rising with candlesticks well above the moving averages. Tight support level holds at $0.35.