SG Market: Spore shares may get early boost from Wall Street's overnight advance driven by positive US jobs & housing data but sentiment might be cautious as investors wait for key US Aug nonfarm payrolls report due tonight. Resistance for STI still tipped at 2040 double top with support at 2950. As in recent days, small caps may continue to be actively traded as players seek out low-priced plays for quick punt amid lack of clear market direction.
Stocks to watch: Banks/residential properties (continued sector downgrades); Wilmar/Olam (underpinned by higher commodity prices); Golden Agri (dropped by Burger King as palm oil supplier); YZJ (upgrade by Nomura), rigbuilders (more positive news flow outside Brazil).
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