Thursday, March 24, 2011

SG Market

SG Market: Spore shares may open higher tracking gains on Wall Street & firmer regional bourses. Having nosed above the 20-day MA at 3021, the STI may attempt to close the 3058-3070 gap set on 11 Mar. However, gains could be limited after the STI''s 3.0% rise over the last 3 trading sessions & lingering Mid-East concerns with oil prices surging.

Watch out for UMS Holdings after it gets the nod from SGX to list KDRs. Saizen Reit could also see some action after it says it has now managed to view all 146 of its Japan properties, which are reported to intact.

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