SG Market

SG Market: Spore shares are tipped to open lower after bearish lead from Wall Street, weighed by concerns over an economic slowdown. The benchmark STI closed near support at 3110 but waning momentum may see the index head towards 3080 with resistance tipped at 3140. Olam will likely come under pressure after it announces plans to raise up to $740m via a 3-tranche equity fund raising, which will increase its share base by around 13%.