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Higher Open Anticipated For Singapore Stock Market

Higher Open Anticipated For Singapore Stock Market

(RTTNews) – The Singapore stock market has moved higher in three straight sessions, gathering almost 45 points or 1.8 percent along the way. The Straits Times Index now sits just beneath the 2,540-point plateau and it may add to its winnings on Thursday.

The global forecast for the Asian markets suggests a higher open on renewed stimulus hopes, although some of the overbought bourses may see profit taking as the day progresses. The European markets were mixed and the U.S. bourses were firmly higher and the Asian markets figure to split the difference.

The STI finished slightly higher on Wednesday following gains from the financials, losses from the trusts and a mixed picture from the industrials.

For the day, the index added 9.10 points or 0.36 percent to finish at 2,538.36 after trading between 2,518.24 and 2,543.27. Volume was 1.01 billion shares worth 921.5 million Singapore dollars. There were 201 gainers and 187 decliners.

Among the actives, CapitaLand surged 1.81 percent, while CapitaLand Commercial Trust plunged 1.78 percent, Thai Beverage plummeted 1.68 percent, Keppel Corp soared 1.58 percent, CapitaLand Mall Trust tanked 1.53 percent, SembCorp Industries tumbled 1.50 percent, Yangzijiang Shipbuilding skidded 1.00 percent, Singapore Press Holdings sank 0.96 percent, SingTel dropped 0.92 percent, City Developments spiked 0.91 percent, Wilmar International rallied 0.88 percent, DBS Group jumped 0.77 percent, Genting Singapore climbed 0.73 percent, Ascendas REIT shed 0.62 percent, Singapore Technologies Engineering advanced 0.56 percent, Mapletree Commercial Trust lost 0.51 percent, Mapletree Logistics Trust fell 0.48 percent, Singapore Exchange slid 0.44 percent, SATS added 0.32 percent, Singapore Airlines gained 0.28 percent, United Overseas Bank collected 0.20 percent and Oversea-Chinese Banking Corporation and Comfort DelGro were unchanged.

The lead from Wall Street is broadly positive as stocks opened higher on Monday and stayed that way throughout the session, offsetting losses from

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Singapore University of Social Sciences Chooses Ellucian Banner Cloud

Singapore University of Social Sciences Chooses Ellucian Banner Cloud

Singapore institution’s digitalization transformation drives choice of managed cloud services with Ellucian and Fujitsu Asia

Ellucian, the leading provider of software and services built to power higher education, and Fujitsu Asia, a leading information and communication technology company, today announced that Singapore University of Social Sciences (SUSS), has decided to move to the cloud with Ellucian Banner.

Ellucian Banner Cloud is a powerful Enterprise Resource Planning (ERP) solution designed specifically for higher education. The innovative cloud-based offering empowers institutions to efficiently and effectively manage all human resources, finance, and student information processes in a modern digital environment.

“As our university continues to grow in Singapore and regionally, our priority continues to deliver student-centered learning experiences that will empower our graduates to be purposeful global citizens and serve society,” said Gary Teo, Director of Campus IT Services, Singapore University of Social Sciences. “Our digital transformation is a core enabler in our mission to deliver world class student experiences and operational excellence. We look forward to working closely with Ellucian and Fujitsu towards achieving a successful deployment of our new cloud-based platform solution.”

“The cloud can serve as a force multiplier to achieve the goals of today’s educational institutions – improving institutional productivity while mitigating potential data risks from academic processes,” said Fujitsu Asia’s President Uno Motohiko. “Fujitsu is committed to help institutions transform by delivering business value with cutting-edge digital innovation and our experience in managing complex enterprise environment. We are delighted to support SUSS with an array of new possibilities through a seamless and resource-efficient cloud solution. Digital-native learners can enjoy enhanced experiences and mobility while the school gleans better insights, all in a highly-secure and agile environment.”

“Across the board, institutions are simply outgrowing their homegrown solutions,” said Ellucian President and CEO, Laura Ipsen. “Implementing a cloud-based environment is

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