- Following Japan's stock market, Singapore share prices opened lower with the Straits Times Index (STI) down 5.31 points or 0.15 per cent to 3,507.69.
- Private healthcare provider Raffles Medical Group posted a 2.9 per cent year-on-year rise in net profit to S$14.98 million for Q1 FY15 while revenue jumped 8.5 per cent to S$95.02 million.
- DBS Group Holding, Southeast Asia's largest lender, posted higher first-quarter profit as net interest income increased. Net income gained 3 percent to S$1.27 billion for the three months ended March 31.
- Frasers Commercial Trust (FCOT) has entered into a conditional sale and purchase agreement with Australand Property Holdings to acquire a commercial property in Melbourne for A$222.5 million (S$232 million).
- Profits earned by Chinese industrial firms fell 0.4 per cent in March from a year earlier to 508.61 billion yuan ($82.09 billion).
- There is growing demand for experienced local engineers as Singapore-based engineering firms expand their mechanical and electrical departments but the supply of suitable candidates remains tight.
Market review for STI
- Singapore share prices opened lower with the Straits Times Index (STI) down 0.75 points to 3,362.02, tracing losses in the US markets.
- Singapore stocks hung on to their gains at noon after opening lowe because Singapore - listed companies recieved an increase of 7.1 per cent in the median of the average director's fee - S$60,000 per annum - in the financial year 2013/2014, compared to S$56,000 in the previous financial year.
Market Forecast for STI
- After one week STI was positive now we are expecting STI will be positive in next trading session.
Technical Indicators
- RSI is at 43 and CCI is at -134.
Important Factors for the Day
- The Monetary Authority of Singapore (MAS) said, last tuesday, it was reviewing and might delay the scheduled 1 June 2015 rollout of tighter macro-prudential measures to limit consumer debt.
- China's fiscal income rose just 3.2 per cent between January and February compared with the same period a year ago,well below an 8.6 per cent gain seen in the same period of 2014.
- Oil touched its lowest level since 2009, dragging Asian energy shares down amid increased projections for US production. The dollar weakened from its strongest in more than a decade to major peers ahead of this week's Federal Reserve meeting.
- Media group Singapore Press Holdings (SPH) has notified the Singapore Exchange of its move to buy a 20 per cent stake in a local start-up that offers quick and convenient access to curated data about companies and the people who run or own them.
- Singapore's anti-trust regulator blocked a takeover for the first time when it provisionally ruled last week that Malaysian IHH Healthcare Bhd's planned purchase of a local unit of India's Fortis Healthcare would lessen competition.
