SG Market

SG Market: Spore shares are likely to track losses on Wall Street as HK Exchange is closed in Asian trading due to Hurricane Nesat. With the lack of corporate news, both sentiment and technical indicators appear to be growing increasingly bearish as the local market continue to be led by headline news from Europe. Support for STI tipped at 2600 with resistance at around 2750. Commodities and other cyclical stocks such as Noble, Golden Agri, Olam and Sembcorp Marine are again likely to be in focus today.