Market Review for STI:
STI opened 5 points up @3283.76 and was in a consolidation phase throught the day , the high of 3291.83 was marked on the chart and today's closing was @3282.88
A red candle was formed for the day with high upper shadow,small lower shadow and a small real body.

Market forecast for STI:
STI closed higher than the previous day with a red candle and still continues its major trend .The volume indicates that the buyers are aggressive and may take the prices up for the next day.

Important Factor for today:-

• Q & M Dental Group (Singapore) LTD announced that controlling shareholder Quan Min Holdings (QMH) and substantial shareholders, Kelvin Koh and Felicia Koh have agreed to sell a combined 10% stake to Heritas Helios Investments (HHI). The dental group has signed a call option with HHI, under this Q&M will issue 63 million new shares within a 2-year option period for a minimum exercise price of S$0.48 per share.
• GOODPACK LTD seeking to stop trading of its shares, sparking update that KKR & Co might be close to making a takeover offer for the Singapore-listed packaging company.
• HANKORE Environment Tech Group announced that China Ever bright Water Investments Limited (CEWIL) is about to start its waste water treatment operations into the company.

Market Review for KLCI:
Today KLCI opened down @1868.23 from its previous close of 1869.22.The major trend is up but from the past five days the trend is down and followed the same trend today made a low of 1862.27 and high of 1871.14.

Market forecast for KLCI:
A red candle was formed for the day with a small lower shadow a real body and a upper shadow which shows that the bearish trend is still in continuation .It is expected to continue its trend for the next day .