Market Review for STI: shares opened lower, after European markets dropped on Tuesday with STI was down 5.69 points, or 0.16 per cent, to 3,489.40.Shares pulled back ahead of a statement from the US central bank later in the session, when it concludes its two-day policy meeting.

stiMarket forecast for STI: STI making bearish flag so bearish trend expected in next trading session.
Technical Indicators: RSI is at 55and CCI is at -9.
ECONOMIC FACTORS:

  • In a move to better handle the immense growth in data traffic, local telco StarHub will upgrade its core and access networks using what is known as software-defined networking (SDN) technology.
  • SINGAPORE-STANFORD Biodesign (SSB) and Dongguk University (DU) have inked a three-year “SSB-Korea Innovation Partnership” (SKIP) which will develop talent in medical technologies innovation.
  • Singapore Exchange (SGX) expects up to 20 Excluded Investment Products (EIPs) including exchange-traded funds (ETFs) to be accessible to retail investors without enhanced safeguards.
  • THE Monetary Authority of Singapore (MAS) has imposed civil penalties on Lim Oon Cheng and his niece, Lim Huey Yih, for insider trading.
  • Ho Bee Land’s net profit for the first quarter ended March 31, 2015 surged 181.6 per cent to S$11.56 million.
  • The Singapore Land Authority (SLA) is holding a public consultation to gather feedback on the possible uses for land under viaducts.
  • Parkway Life Reit turned in a 14 per cent year-on-year increase in distribution per unit (DPU) to 3.21 Singapore cents for Q1 2015 as distributable income rose 14 per cent to S$19.46 million.
  • Shares of QT Vascular gave up 5.5 Singapore cents or 20.37 per cent to trade at 21.5 cents after it gave an update on ongoing litigation cases. as down 5.69 points, or 0.16 per cent, to 3,489.40.
  • In a move to better handle the immense growth in data traffic, local telco StarHub will upgrade its core and access networks using what is known as software-defined networking (SDN) technology.
  • SINGAPORE-STANFORD Biodesign (SSB) and Dongguk University (DU) have inked a three-year “SSB-Korea Innovation Partnership” (SKIP) which will develop talent in medical technologies innovation.

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