SG Market: Spore shares are likely to open weaker after a mixed-to-lower session on Wall Street past 2 days as negative US economic data cast doubt over the strength of the global recovery. Local traders are likely to remain risk-adverse with the 1Q results season now effectively over. The STI is expected to trade downwards with 3110 acting as support. Corporate newsflow is thin; NOL may be in focus after it says EU anti-trust reps raided its UK office.
CapitaLand sold a Shanghai residential site for $152.6m, netting a $82m gain.
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