Monday, August 23, 2010

SG Market

SG Market may pull back in early trade on DJIA's 58-pt fall last Friday. Support for STI styas at 2900 with any upside likely capped at 2969 (20-day MA). Shares of companies with significant exposure to Australia, such as SingTel , AusGroup, Ezion may retreat on political uncertainty stemming from country's hung parliament.

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