Market Review for STI:
STI performed well today as opened up by 22 points @3245 and buyers made the market bullish, the high of 3261.32 was marked on the chart and today's closing was @3259.09.

Market forecast for STI:
STI formed a long Green candle for the day and broke the resistance of 3250 some up move is expected in the coming session as the buyers are abrasive to take the market for the new levels.
Technical indicators:
RSI is above the centre line @57.53, where CCI @27.71

Important Factor for today:-

• CNMC attained a net profit of US$1.26 million (S$1.58 million) with a large jump in gold production, recovered a loss of US$0.6 million the year before.
• The share prices of Hotel Properties Limited (HPL) rises from S$3.50 to S$4 a share .This is because of 68 Holdings Pte Ltd company who agreed to buy 17.1 million shares @ S$4 each.
• United Overseas Bank Limited’s (UOB) awarded with a rating of "BBB" by Fitch rating Agency.
• Profit for CDW Holding was announced yesterday with a sharp fall of 50.4% where a year ago it was 1.41 million major reason that pull the profit was higher material cost so the earning per share (EPS) came @0.30 US cent and Revenue grew 2% to US$34.75 million

Market Review for KLCI:
Today KLCI opened at 1874.19 almost 8 points up from the previous closing and took a Upside, made a high of 1879.64. buyers were fully active in todays session and took the KLCI to a new level.

Market forecast for KLCI:
As today KLCI had broken the major resistance of 1870 and set a new level on the chart as today's session had marked a major gap up opening and now there is a possibility that the market can took some correction to cover the gap where all the technical are showing bullish sign.

Technical indicators:
RSI is about to enter in the overbought phase, is @67.24 where the CCI is @199.42