SG Market: Spore shares like to open higher following Wall Street’s firmer close but any upside is likely to be limited as market remains events driven by ongoing worries over Japan’s nuclear plants, the consequences of military action in Libya & escalating tensions in Yemen on oil prices. Downside for STI seen at 2910 with immediate resistance at 2965 level. Thin corporate news flow with SGX in focus after reports that its ASX bid is likely to be opposed by Australia's govt.
Hutchinson Port made weak debut last Fri despite massive buying support (70m shares) by stabilization mgr, stock expected to remain under pressure.
No comments:
Post a Comment