Market Review for STI: Share prices opened lower with the Straits Times Index down 15.50 points to 3,403.65. Singapore shares pulled back on concerns the US Federal Reserve will proceed to raise interest rates this year despite increasingly uncertain global economic conditions, which have prompted a number of other central banks to ease monetary policies. High of the day was marked. Trading Tips

STI Day Performance
Open	3402.37
High	3428.39
Low	3402.18
Close	3415.17
Change(Points)	-3.98
% Change	-0.12%
Volume	1136.8M
Rise	174
Fall	224
Unch	392

Market forecast for STI: In US market to much volatility that’s why STI market is in consolidation face. We may expect same trend.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3373	3350	3330	3430	3450	3480

Technical Indicators: RSI is at 64 and CCI is at 131.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
COMFORTDELGRO.SG	0.16	5.76	CAPITAMALL TRUST.SG	-0.04	-1.86
SIA.SG	0.18	1.43	JSH USD.SG	-0.52	-1.43
KEPPEL CORP.SG	0.1	1.19	HONGKONGLANDUSD.SG	-0.1	-1.32
GENTING SING.SG	0.01	0.94	GOLDEN AGRI-RES.SG	0.005	-1.15
NOBLE.SG	0.005	0.48	OLAM INTL.SG	0.015	-0.75

Important Factor for today:-

• The surprise announcement yesterday by Singapore's central bank to slow down the appreciation of the local currency will bode well for shares of companies in the services industry as well as banks, but spell bad news for property developers, says Credit Suisse.
• The surprise announcement yesterday by Singapore's central bank to slow down the appreciation of the local currency will bode well for shares of companies in the services industry as well as banks, but spell bad news for property developers, says Credit Suisse.
• Standard Chartered has appointed Aaron Russell-Davison as head, debt capital markets, with immediate effect.
• TEMBUSU Systems, a Singapore startup which in February 2014 unveiled Asia's first Bitcoin ATM in Singapore, announced on Thursday that it has raised S$1.2 million in bridge funding for its TRUST platform.
• The surprise announcement yesterday by Singapore's central bank to slow down the appreciation of the local currency will bode well for shares of companies in the services industry as well as banks, but spell bad news for property developers, says Credit Suisse.
• The Singapore dollar continued to weaken against the US dollar following the Monetary Authority of Singapore's (MAS) surprise easing of its monetary policy on Wednesday to slow the appreciation of the local currency.

STI Singapore : Technical Review 28th Jan

Market Review for STI: Share prices opened lower on Wednesday with the Straits Times Index down 4.87 points to 3,407.33.Singapore shares pared gains as investors booked profits while waiting for fresh leads, including a statement from the Federal Reserve early tomorrow morning after the end of its two-day policy meeting. Shares rose earlier after the Monetary Authority of Singapore sprang a surprise by saying it will slow down the appreciation of the local currency. Trading Tips

STI Day Performance

Open: 3405.07

High: 3427.19

Low: 3404.17

Close: 3419.15

Change(Points): +6.95

% Change: +0.20%

Volume: 1338.8M

Rise: 213

Fall: 162

Unch: 415

Market forecast for STI: STI was consolidation face today. We may expect same trend in STI.

STRAITS TIME LEVELS

Support 1: 390

Support 2: 3370

Support 3: 3350

Resistance 1: 3460

Resistance 2: 3500

Resistance 3: 3550

Technical Indicators: RSI is at 63 and CCI is at 146.

Top Gainers: NOBLE.SG, WILMAR INTL.SG, KEPPEL CORP.SG, SPH.SG, GLOBAL LOGISTIC.SG

Top Losers: JMH USD.SG, CAPITAMALL TRUST.SG, THAIBEV.SG, ASCENDAS REIT.SG, GOLDEN AGRI-RES.SG

Important Factor for today:-

• Singapore shares pared gains as investors booked profits while waiting for fresh leads, including a statement from the Federal Reserve early tomorrow morning after the end of its two-day policy meeting.
• Singapore's central bank has downgraded its inflation forecasts amid lower oil prices and weaker global economic prospects.Core inflation, which excludes private road transport and accommodation costs, is now expected at 0.5% to 1.5% this year, down from a previous projection of 2% to 3%, the Monetary Authority of Singapore said in a statement today.Its 2015 forecast for headline inflation now ranges from minus 0.5% to 0.5%, compared with 0.5% to 1.5% previously.
• Interest rates here are expected to increase in tandem with those in the United States, regardless of the Monetary Authority of Singapore's (MAS) surprise policy announcement.
• The Singapore dollar on Wednesday hit its weakest in nearly four and a half years, driving losses among emerging Asian currencies, as regional central banks may follow the city-state's unexpected monetary policy easing to tackle deflation.
• The Fed is widely expected to raise interest rates sometime in the second half of 2015 as the US economy improves and inflation remains benign. As interest rates rise, property prices in Hong Kong and Singapore may fall by as much as 5 percent this year, according to a report on prime residential real estate in the region by property consultant Knight Frank.

Singapore SGX : STI Technical Report 22nd Jan

Market Review for STI: Share prices opened flat on Thursday with the Straits Times Index down 2.39 points to 3,352.07. Singapore shares are likely to head higher on news that the European Central Bank will proceed with a massive bond buying programme to shore up the flagging euro zone economy. A surprise move by the Bank of Canada to cut interest rates, its first reduction in almost six years, is also expected to bolster expectations among investors that central banks worldwide will continue with efforts to help boost economic activity.  TRADING TIPS

Market forecast for STI: We may see bullish trend, if STI cross the level of 3385.

Technical Indicators: RSI is at 56 and CCI is at 103

Important Factor for today:-

• Oil prices dipped early on Thursday ahead of the expected announcement of a bond-buying programme by the European Central Bank (ECB) later in the day that could push the dollar to new highs and put downward pressure on commodities
• Singapore Exchange Ltd, Southeast Asia's biggest bourse, plans to start trading Chinese equity-index options as investors seek ways to hedge risks in the world's most volatile stock market
• Two Singapore companies have made it to the ranks of the world's 100 most sustainable companies again in a global ranking.
• Weak global market conditions have caused food and beverage company Del Monte Pacific to defer an international offering of up to US$360 million worth of preference shares.
• Shares of Singapore Exchange slipped as much as 2.3% despite a decent set of December-quarter results from the bourse operator, as investor sold into strength amid concerns that growth may not be sustainable.
• Singapore's prime office rents are set to extend gains this year as the number of new properties coming onto the market is limited, according to Capita Commercial Trust Management (CCTM).

SGX Singaopore : Technical Analysis for STI 21st Jan

Market Review for STI: Share prices opened higher with the Straits Times Index up 4.93 points to 3,338.95.Singapore stocks held on to modest gains, getting a lift from an uptick in most Asian markets. Investors preferred to wait for more developments, including the Bank of Japan's monetary statement today and the outcome of the European Central Bank's policy meeting tomorrow.

Market forecast for STI: STI may go up after the level crosses 3370 as we can see a bullish movement in the market. Stocks Tips

STI Day Performance

Open- 3336.58

High- 3354.46

Low- 3331.27

Close- 3354.46

Change(Points)- +20.44

% Change- +0.61%

Volume- 1982.4M

Rise- 222

Fall- 173

Unch- 396

Technical Indicators: RSI is at 55 CCI is at 42

STRAITS TIME LEVELS

Support 1- 3340

Support 2- 3320

Support 3- 3300

Resistance 1- 3360

Resistance 2- 3370

Important Factor for today:-

• The Infocomm Development Authority of Singapore (IDA) on Wednesday challenged the San Francisco Bay Area tech community to come out with innovative solutions to analyse the more than 8,000 open government data sets as the country strives towards becoming a Smart Nation.
• Auditing firm KPMG has joined the host of voices from the business community calling for government productivity schemes to be enhanced in the upcoming Budget.
• KEPPEL Land and parent Keppel Corp have postponed their post-results analyst and media briefing, according to a media advisory email sent out on Wednesday morning. The email mentioned that more details will be provided shortly.
• Asia Pacific investors are expected to increase their global real-estate allocation this year, with an estimated US$58.5 billion ($78.2 billion) of capital is set to flow into global real estate.
• CAPITACOMMERCIAL Trust, a real estate investment trust (Reit) holding central business district (CBD) offices, reported on Wednesday morning before trading hours a distribution per unit (DPU) of 2.15 cents for its fourth quarter ended Dec 31, 2014, up 2.9 per cent from 2.09 cents a year ago.
• investors preferred to wait for more developments, including the Bank of Japan's monetary statement today and the outcome of the European Central Bank's policy meeting tomorrow.

SGX Singapore - Daily Technical Review 20th Jan

Share prices opened higher with the Straits Times Index up 6.56 points to 3,314.26.Singapore shares opened higher and held on to gains. Official data just released showing China's economy expanded 7.3% in 4Q 2014,Asian markets rallied in relief  after China reported its economy had not slowed as far as many had feared, a rare glint of brightness amid gloom over the global outlook.
Stock Signals

STI Day Performance

Open 3315.57

High 3338.69

Low 3311.59

Close 3334.02

Change(Points) +26.32

% Change +0.80

Volume 1208.0M

Rise 249

Fall 135

Unch 409

Market forecast for STI: We may expect bullish trend in STI in range of 3334 to 3373.

Technical Indicators: RSI is at 52 and CCI is at -26.

STRAITS TIME  LEVELS

Support 1 3300

Support 2 3277

Support 3 3240

Resistance 1 3350

Resistance 2 3371

Resistance 3 3404

Important Factor for today:-

• Singapore’s sovereign wealth fund GIC is investing 10.2 billion rupees (US$165.5 million) in India's Bandhan Financial Services, which is setting up one of the country's two newest banks.
• JTC Corporation (JTC) has awarded the tender for an industrial site at Tuas South Street 9 (Plot 52) to the highest tenderer, Asiaone Logistics & Warehousing Pte Ltd, for S$7.04 million.
• Rolls-Royce has unveiled the first made-in-Singapore Trent 1000 engine, which will be used in local budget carrier Scoot's new Boeing 787 aircraft.
• Some 33 per cent of Singaporeans expect their standard of living to fall when they retire, far above the global average of 23 per cent who said so, a global survey has found.
• Water treatment firm China Everbright Water Limited is placing out 120.7 million new shares at S$0.94 each to raise S$113.4 million for growth and expansion purposes. The firm said in an announcement early morning that the money came from International Finance Corporation (IFC) and Dalvey Asset Holding (DAH).
• The war for Singapore talent has heated up with Fair Consideration Framework, and the private and public sectors are looking overseas to lure them back home, a new survey found .

Singapore Stock Market Technical Analysis 19th Jan

Share prices opened higher with the Straits Times Index up 20.67 points to 3,321.35.Asian equity markets mostly rose following a rally on Wall Street and a strong pick-up in oil prices, Market breadth was positive, but volume was thin, suggesting the change in lot trading sizes from 1,000 shares to 100 has yet to make an impact. Trading Tips

STI Day Performance

Open-3318.59

High-3324.34

Low-3297.89

Close-3307.70

Change(Points)- +7.020

% Change-+0.21%

Volume-1157.4M

Rise-172

Fall-227

Unch-396

Market forecast for STI: Market is consolidation range we can’t predict anything right now. STI is not in stable mode.

Technical Indicators: RSI is at 46 and CCI is at -73.

STRAITS TIME LEVELS

Support 1-3275

Support 2-3250

Support 3-3230

Resistance 1-3340

Resistance 2-3355

Resistance 3-3371

Important Factor for today:-

• Singapore handled 33.9 million 20-foot containers last year, according to a statement posted on the Maritime & Port Authority of Singapore's website dated Jan. 16. Last month, Shanghai said it expects to process about 35.2 million boxes in 2014. A year before, the gap between the two ports was about 1 million boxes.
• SLIDING oil prices and uncertain global growth have sent inflation expectations plummeting in Singapore to their lowest levels in three years.
• The Singapore economy will benefit from lower oil prices since it is a net importer of oil.
• Efforts by the Singapore Exchange to grow its derivatives business may have yielded positive results, with average derivatives trading volumes up 53% y-o-y in 4Q2014, but the recent strength may not be sustainable, says UBS.
• JTC Corporation (JTC) has awarded the tender for an industrial site at Tuas South Street 9 (Plot 52) to the highest tenderer, Asiaone Logistics & Warehousing Pte Ltd, for S$7.04 million.
• Singapore remains a gateway to Asia, but not when it comes to raising equity. The city-state's annual share of equity issuance in local markets including Malaysia, Indonesia, the Philippines and Thailand averaged 45 per cent between 2004 and 2009. That has fallen to 37 percent over the last five years.

Singapore Stock Market Weekly Analysis

Opening of the STI was not in this week. first day of week STI open not good. Oil fell further in Asia, with weak demand and a supply glut putting relentless pressure on prices already at their lowest in five and a half years. Second day of week STI was in consolidation face, 

Asian stocks were mostly firmer after benign Chinese economic data helped offset risk aversion generated by a continuing slide in crude oil prices, while the dollar fell to a one-month low against the safe-haven yen, so nothing good happened with STI. Most Asian stock declined as the yen gained a fourth day against the dollar and commodity prices slumped. And last day of week STI was too down with 38 points. Trading Signals

STRAIT TIMES WEEKLY WRAP
OPEN: 3332.96
HIGH: 3349.19
LOW: 3291.5
CLOSE: 3300.68
CHANGE (In Points): -37.76
% CHANGE: 1.14%

Market Forecast for week ahead: This week was not good for STI. Because of continuously oil price dipping down and world economy crises. crude oil higher on Friday, holding above US$48 a barrel as  prices were well supported around current levels, although few expect a strong rebound anytime soon as global output continues to outweigh demand. If oil will take rebound then it will good for STI market. We may expect oil will take rebound then STI will be better condition in next week.

Support 1: 3275
Support 2: 3220
Support 3: 3160
Resistance 1: 3371
Resistance 2: 3404
Resistance 3: 3420

Technical Indicators: RSI is above the centre line which is supporting the uptrend for the week at 55.32 and CCI is also supportive at the level of 48.37.

Macroeconomic factors:

• Credit Suisse now believes Singapore's central bank will ease monetary policy in April, considering the weaker inflation outlook and subdued GDP (gross domestic product) growth prospects.
• A sudden new-year jump in Singapore interest rates threatens to push up mortgage costs and steepen a slide in home prices. The three-month Singapore interbank offered rate, against which most home loans are benchmarked, has risen 18 basis points to 0.6392% this year to the highest since April 2010, driven by a stronger US dollar and new liquidity requirements for Singapore banks.
• A bond index created by the Singapore Exchange (SGX) and Reuters tracking Singapore-dollar denominated bonds continues to hit new highs, outperforming the Straits Times Index (STI) for the week ended Jan 9, 2015.
• Singapore’s non-oil domestic exports in December were expected to fall versus a year earlier, a Reuters poll found, after recent business surveys showed the global economy ended 2014 on weak footing.
• SINGAPORE remains the favored Asean hub, where 80 per cent of multinational companies locate their regional head office, according to the latest findings of a Baker & McKenzie report released on Wednesday.
• Singapore shares could fall by 30% on average if the collapse in oil prices and fallout from Russia’s economic woes tips the world into recession, according to Maybank Kim Eng.
• Singapore is the third most expensive market for construction within the Asia region, according to the International Construction Cost Report, which was released on Thursday. This is despite the country having seen significant relative cost reductions over the past year.
• Singapore’s non-oil domestic exports (NODX) expanded by 2.3% in December on a year-on-year (y-o-y) basis, due to the rise in both electronic and non-electronic NODX.

Stock Trading Report & Market Review for STI 15th Jan

Share prices opened up on Thursday with the Straits Times Index up 5.53 points to 3,331.69.Oil prices fell in Asia on Thursday after a bargain-buying rally the day before lost steam, with a pick-up in US inventories reinforcing concerns about weak demand and a supply glut.

Open: 3330.75
High: 3341.48
Low: 3327.40
Close: 3332.62
Change(Points): +6.46
% Change: +0.19%
Volume: 650.6M
Rise: 159
Fall: 146
Unch: 490

Market forecast for STI: STI is in consolidation face. We may expect it will be same for last week of the day.

Support 1: 3320
Support 2; 3300
Support 3: 3275
Resistance 1: 3350
Resistance 2: 3373

Technical Indicators: RSI is at 51 and CCI is at 2

Important Factor for today:-

• Robust car sales boosted Singapore's retail sales in November, which rose 6.5 per cent year-on-year, according to the Department of Statistics.
• Singapore stocks held on to slim gains after a notable rebound in oil prices overnight lured traders back to the market, even as investor sentiment remained cautious amid persistent worries over global growth.
• Singapore is the third most expensive market for construction within the Asia region, according to the International Construction Cost Report, which was released on Thursday. This is despite the country having seen significant relative cost reductions over the past year.
• Real estate investment activity in Singapore fell by 57% q-o-q to $2.38 billion in Q4 2014.
• Singapore shares could fall by 30% on average if the collapse in oil prices and fallout from Russia’s economic woes tips the world into recession.
• Shares of Silverlake Axis fell as much as 5%, extending its 4.4% decline in the first three days of this week, after CIMB Group and RHB Capital confirmed media reports that their planned merger would be called off.

Singapore Stock Market Review for STI 14th Jan

Share prices opened flat with the Straits Times Index up 0.47 points to 3,341.54.Oil prices fell further , heading to six-year lows, while crude's weakness continues to test investor confidence, pushing the yen up and weighing on Asian equities. Most Asian stock a declined as the yen gained a fourth day against the dollar and commodity prices slumped. Trading Signals 

STI Day Performance
Open: 3336.43
High: 3349.19
Low: 3326.12
Close: 3326.16
Change(Points): -14.91
% Change: -0.45
Volume: 1161M
Rise: 126
Fall: 238
UnchL: 840 Market forecast for STI: STI is not in good position we may expect same trend in next trading session. Technical Indicators: RSI is at 51 and CCI is at 27.
STRAITS TIME  LEVELS
Support 1: 3320
Support 2: 3300
Support 3: 3275
Resistance 1: 3360
Resistance 2: 3373
Resistance 3: 3404 Important Factor for today:-

• SINGAPORE remains the favored Asean hub, where 80 per cent of multinational companies locate their regional head office, according to the latest findings of a Baker & McKenzie report released on Wednesday.
• Ernst & Young (EY) has appointed data analytics veteran Reuben Khoo as a new partner to boost its fraud investigation and dispute services (FIDS), a segment that has tripled in size in the Asia Pacific over the last four years.
• Deutsche Bank was sued in Singapore by Stanley Pan Fang-Jen, a co-founder of Hong Kong-based TPV Technology, over a US$32-million ($42-million) trading loss due to alleged false representations.
• Royal Dutch Shell restarted its ethylene cracker in Bukom, Singapore, this week following three-month maintenance and expansion works to raise the unit's capacity, trading sources not related to the oil major said on Tuesday.
• Global Logistic Properties (GLP) announced that it has incorporated four and acquired two new indirect subsidiaries.

SGX Stock Market Technical Analysis Outlook 13th Jan

The Straits Times Index gained 6.45 points to 3,344.89.Asian stocks were mostly firmer after benign Chinese economic data helped offset risk aversion generated by a continuing slide in crude oil prices, while the dollar fell to a one-month low against the safe-haven yen. High of the day was 3346 and low was the 3325. Trading Signals

Open: 3334.06

High: 3346.60

Low: 3325.43

Close: 3341.07

Change(Points): -3.820

% Change: -0.11%

Volume: 1371.1M

Rise: 143

Fall: 209

Unch: 851

Market forecast for STI: Still oil is a big factor and the continued worrying issues in the global economy pulled the market down and we may expect the same situation.

Technical Indicators: RSI is at 54 and CCI is at 43.

Support 1: 3301

Support 2: 3280

Support 3: 3260

Resistance 1: 3350

Resistance 2: 3374

Resistance 3: 3404

Important Factor for today:-

• Energy stocks took a hit in Asian trade as oil prices fell towards six-year lows with warnings of further volatility ahead but some rare upbeat Chinese trade data helped Hong Kong and Shanghai into positive territory.
• Resale prices of non-landed properties in Singapore inched up 0.1 per cent in December compared to the previous month, largely because of a 0.5 per cent rise in prices for suburban units.
• Singapore's non-oil domestic exports in December were expected to fall versus a year earlier, a Reuters poll found, after recent business surveys showed the global economy ended 2014 on weak footing.
• Oil prices slumped on Monday to nearly 6-year lows under US$48 (S$64) per barrel, hurting the energy sector, but euro zone stock markets pushed higher on stimulus hopes.
• A bond index created by the Singapore Exchange (SGX) and Reuters tracking Singapore-dollar denominated bonds continues to hit new highs, outperforming the Straits Times Index (STI) for the week ended Jan 9, 2015.
• Resale prices of non-landed properties in Singapore inched up 0.1 per cent in December compared to the previous month, largely because of a 0.5 per cent rise in prices for suburban units.

Singapore SGX Stock Market Technical Outlook 12th Jan

Share prices opened flat with the Straits Times Index down 1.00 points to 3,337.44.Oil fell further in Asia , with weak demand and a supply glut putting relentless pressure on prices already at their lowest in five and a half years. 

Trading Signals

STI Day Performance

Open: 3344.89
High: 3347.76
Low: 3331.72
Close: 3344.89
Change(Points): +6.45
% Change: +.19%
Volume: 1087M
Rise: 139
Fall: 226
Unch: 838

Market forecast for STI: We may expect STI will be up in the next trading day as it may be reach level of 3373 at its major resistance.

Technical Indicators: RSI is at 54 and CCI is at 43.

STRAITS TIME  LEVELS

Support 1: 3301
Support 2: 3280
Support 3: 3260
Resistance 1: 3350
Resistance 2: 3374
Resistance 3: 33404

Important Factor for today:-

• CREDIT Suisse now believes Singapore's central bank will ease monetary policy in April, considering the weaker inflation outlook and subdued GDP (gross domestic product) growth prospects.
• Global oil prices extended their slide weighed by weakening demand in Europe and Asia, while refineries in Philadelphia and Ohio were hit hard by fires over the weekend, curtailing demand for crude in the U.S.
• A sudden new-year jump in Singapore interest rates threatens to push up mortgage costs and steepen a slide in home prices.The three-month Singapore interbank offered rate, against which most home loans are benchmarked, has risen 18 basis points to 0.6392% this year to the highest since April 2010, driven by a stronger US dollar and new liquidity requirements for Singapore banks.
• Business optimism in Singapore tumbled to near-contractionary levels in Q1 2015, amid mounting concerns over an intensification of global political headwinds and softer regional demand in the external-oriented sector.
• Mobile telecommunication services provider Edition is looking to engage in financial services business in China.
• OLAM International said  that it has agreed to sell wool broker Western Wool Marketing to Quality Wool, marking the Singapore commodities group's exit from its niche Australian wool business.

Weekly Technical view on STI: Singapore Exchange

In this week STI opening was not good First day closed by losing 42 points. Singapore shares retreated as oil prices continued to plunge on fears of falling demand in the midst of oversupply, marking a poor start to 2015's first full week of trading. Second day STI gave a gap down opening. Singapore shares remained weak as investor appetite across the region soured after steep falls in oil prices overnight renewed concerns that global growth might be more tepid than expected. Then came into correction mode ,traders remained nervous after oil prices hit new five-and-a-half-year lows and Greek political turmoil sent the euro skidding. Last day of the week gave gap up opening with 21 points.

STRAIghT TIMES WEEKLY WRAP
OPEN	3368.38
HIGH	3372.34
LOW	3267.89
CLOSE	3338.44
CHANGE (In Points)	-32.15
% CHANGE	-0.96%

Market Forecast for week ahead: The trend of market is expected to be bullish for next week. STI formed hammer on the top of the chart. Currently we have seen unusual volatility in markets due to oil prices crisis and global economic tensions. Asian shares climbed for a third straight day following more advances on Wall Street, while bargain-buying helped oil recover slightly from its latest sell-off. We may see bullish really in next week trading session.

Technical Indicators: RSI is above the centre line which is supporting the uptrend for the week at 55.32 and CCI is also supportive at the level of 48.37. Trading Signals

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3313	3280	3260	3374	3409	3440

Macroeconomic factors:

• Singapore legal sector's guiding principle is to serve the people and it must also remain open to the region and the global community if it is to build a world-class legal infrastructure.
• China has freed prices of 24 commodities and services, removing all price controls on agricultural products, among other reforms.
• Demand for higher returns in Singapore bonds from the city's swelling private banking industry has brought with it greater risks. 
• Singapore legal sector's guiding principle is to serve the people and it must also remain open to the region and the global community if it is to build a world-class legal infrastructure.
• The online classifieds joint venture is now established between Singapore Press Holdings, Norway's Schibsted Media Group and Telenor Group, and South Africa's Naspers.
• Singapore Shipping Corporation said it has managed to secure a US$16.5 million ($22 million) seven-year term loan financing facility with a leading Japanese financial institution.
• Oil prices were heading for a seventh weekly loss on Friday, with key producers showing no signs of cutting output in the face of a global supply glut. 
• China’s consumer inflation rebounded marginally to 1.5 per cent year-on-year in December, the government said Friday, as slowing growth in the world’s second-largest economy keeps a lid on prices.

Sector Allocation Chart by VOLUME

Sector	Volume	Values($)	Rises	Falls	Unchanged
Properties	140,187,950	216,273,670	28	22	36
Multi-Industry	31,776,000	94,566,644	1	7	9
Construction	45,630,000	5,333,810	11	6	24
Commerce	78,111,000	37,784,848	20	16	63
Hotels/Restaurants	1,437,000	786,911	4	2	11
Transport/Storage/Communications	130,512,340	182,734,180	18	13	19
Finance	34,645,400	300,250,347	14	10	22
Manufacturing	298,795,600	139,300,552	36	54	166
Services	479,315,820	133,599,249	33	48	76
Agriculture	46,469,000	26,691,906	3	2	4
Mining	22,654,000	6,179,907	5	2	6
Electricity/Gas/Water	810,000	929,425	0	2	0
Shares in Foreign Currencies	25,442,689	109,679,942	26	9	114
Total	1,335,786,799	1,254,111,391	199	193	550