Market Review for STI:
Singapore Stock opened higher today where STI was up by 11.61 points to 3249.35 as it was a gap up opening after yesterday's gap down opening. STI took the up move later and made a high of 3267.83 and gave closing at 3264.71.

Market forecast for STI:
STI formed a long green candle for the day with a little upper shadow. Today STI took a movement of almost 16 points. Marubozu pattern was formed for the day. Hence performing in a consolidate phase.
Technical indicators:
RSI is just above the centre line @62.35. Where CCI is @ 69.74

Important Factor for today:-

• Important Factor for today:-
• New housing loan applications down by 45% on YOY basis.
• Mapletree will acquire 49% stake in Oakwood Asia Pacific in a joint venture to target and acquire service apartment business in Asia.
• Data for unemployment published for 1Q2014 with a rise of 2.1 % in unemployment rate where it was 1.8% in Dec2013.
• Bank lending in Singapore grew a bit faster by 0.6% in march as total loans grew to S$ 587.7 billion in March.
• 11% of gain posted by Yangzijiang Shipbuilding for 1Q2014 whereas net profit attributable to shareholder rose to 799.2million Yuan, as revenue grew 24% to 3.6 billion Yuan.

Market Review for KLCI:
KLCI opened flat today at 1859.32 at the same level as of yesterday's closing and made a high of 1871.52 and gave closing to the same level it formed a green candle for the day.

Market forecast for KLCI:
A long green candle was formed for the day with a long real body and a short lower shadow today KLCI touched a four months high of 1871 and is trading at the peck point.

Technical indicators:
The technical indicators are strong on the chart as RSI is at 63.80 & CCI is at 124.84