SG Market

SG Market: Spore stocks likely to open cautious following Wall Street’s decline on Tue albeit on very thin volumes. The 3040 double top may prove to be a stiff resistance for the STI in the short term. Current favourites like Genting Spore & Genting HK may continue to hog the active list following a slew of broker upgrades. Resource plays like Noble may stay in focus after Aust PM Julia Gillard retained power & rekindled prospects of a mining super tax.