Share prices opened higher with the Straits Times Index up 6.11 points to 3,440.35. Asian markets mostly rose in early trade as hopes grew for a breakthrough from crucial meetings at which Greece will try to convince its European creditors to renegotiate terms of its bailout.
Market forecast for STI:
We may expect STI will be bullish in next trading session.
RSI is at 62 and CCI is at 95.
Important Factor for today:-
- Lawrence Wong, head of listings at the Singapore Exchange, has been tasked to lead its China business as the bourse operator seeks to expand its international presence.
- Iraq and Iran joined Saudi Arabia in cutting their March crude prices for Asia to the lowest level in more than a decade, signaling the battle for a share of OPEC’s largest market is intensifying.
- Singapore Exchange Ltd, which has been struggling to attract large initial public offerings (IPOs), said it is expanding further into China and appointed its listings chief to a new position as the head of its China business.
- Rents of private condominiums finally eked out a small gain last month as more units were leased out, after a losing streak over 11 successive months.