Friday, 3 June 2016

CityDev (C09) - 03 June 2016


CityDev was up 4.26% today on inclusion to FTSE EPRA/NAREIT Global Real Estate Index, Asia region, effective 20 June 2016. The re-inclusion may garner buying interest.
http://www.businesstimes.com.sg/stocks/hot-stock-citydev-soars-more-than-3-on-addition-to-major-ftse-index

CityDev started falling last year after 04 June 2015 announcement that it will be removed from the index.
http://www.straitstimes.com/business/companies-markets/citydev-falls-39-on-news-of-impending-removal-from-a-ftse-index

Technically, the current support is at $8.70 and the next support is at $8.45. The resistance levels are at $8.85 and $8.97.

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