Market Review for STI:
Share prices opened lower with Straits Times Index down 2.89 points to 3280.450. Asian equities continue to trade at a discount and could get a 12-15% upside potential this year, driven by a mild re-rating and earnings momentum. Cooling Chinese inflation overnight added to weak European industrial data earlier in the week, pointing to slowing global growth and eclipsing a positive start to the U.S. earnings season.

STI Day Performance
Open	3280.450
High	3284.930
Low	3264.010
Close	3275.460
Change(Points)	-7.880
% Change	-0.24
Volume	2580.3M
Rise	170
Fall	222
Unch	392

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3260	3252	3240	3282	3290	1925

Technical indicators:
RSI is above the centre level @51.438, CCI is at 14.452.MACD is observed @1.092.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Jardine C&C	46.8	0.75	Olam Intl	2.43	-2.8
JSH 500 USD	37.06	0.71	Noble	1.375	-1.79
HPH Trust USD	0.735	0.69	UOB	23.2	-1.28
HongkongLand USD	6.69	0.6	Wilmar Intl	3.2	-0.62
CityDev	10.2	0.49	Sembcorp Marine	4.05	-0.49

Important Factor for today:-

• According to CIB report, a strong Singapore dollar should not be seen as too helpful in curbing rising prices, since various measures suggest that inflation pressures are more domestic in nature.
• The bank said Singapore will "maintain competitiveness," noting that manufacturing activity has been picking up, driven by the biomedical, chemicals and transport engineering sectors."Along with the gradual recovery in the global economy, externally-oriented sectors including manufacturing and trade-related services are likely to be supported in the coming quarters," added the report.