Market Review for STI:
SINGAPORE share prices opened lower today with the Straits Times Index down 1.79 points to 3,311.68. Hong Kong stocks rose 0.34 per cent in the first few minutes of trade as tensions over the crisis in Ukraine eased after pro-Russian rebels handed over two black boxes from a downed Malaysia Airlines jet.STI opened at 3311.68 and the close was observed at 3316.91.

Market forecast for STI:
STI opened lower but closed higher following its uptrend. Though the day range is small but the trend is up which is expected to continue. We may expect that it will move in a range of 3310-3325.

Technical indicators:
RSI is above the centre line at 64.80 and CCI is at 143.68 .Indicators are supportive to the bullish trend with index trading up of 20 & 50 days EMA.

Important Factor for today:-

• SINGAPORE Exchange announced that its liaison office in Mumbai, India, has started operations following approval from the Reserve Bank of India.
• Vard Holdings, the designer and shipbuilder of offshore and specialised vessels, today announced earnings for 2Q ended June (2Q2014) stood at NOK 105 million ($21 million).
• First Sponsor Group is a developer and owner of residential and commercial properties in Chengdu and Dongguan, China, and also provides property financing services. The group is supported by prominent shareholders, Hong Leong Group Singapore and Tai Tak Estates Sendirian Berhad.
• SUNTEC Reit announced a distribution per unit of 2.266 Singapore cents for its second quarter ended June 30, 2014, a slight increase from 2.249 Singapore cents a year ago.