SG Market: Activity in the Spore bourse is expected to be light in today's shortened trading session. Upside for the STI will be capped at 3188 while support of 3118 is unlikely to be broken. With a lack of market-moving corporate news, attention may again fall on small caps & penny stocks as traders seek out low-price plays for a quick punt. On the ratings front, IIFL has upgraded CMA to an Add from Reduce & raised its target price to $2.21 from $2.18.
Ezra may continue to see further interest after breaking above its 50-day MA y’day on good volume. In other corporate news, Otto Marine has filed arbitration notice against Mosvold over a disputed late delivery of an AHTS vessel.