Tuesday, July 26, 2011

SG Market

SG Market: Spore shares have a weak lead from the US, where stocks fell as investors remain risk averse as they wait for lawmakers to strike a deal on the US debt ceiling. The STI manage to bounce off its 3150 support yday. While analysts expect the benchmark index to remain on an upward path to year-end, they expect near-term volatility until more clarity emerges on headwinds. To that end, all eyes will be on US President Obama's address at 0100 GMT for more cues.

Stocks in focus today include NOL after releasing its latest operating data, Starhill Global & OKP posting solid 2Q results, Sembcorp Industries securing a $121m refuse collection contract & Malacca Trust making its debuts today on the Catalist board.

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