SG Market

SG Market: Spore shares are likely to stay muted in the absence of strong leads from Wall Street and on the corporate front as reporting season winds to a close. Sentiment will remain jittery as any adverse headlines coming out of Europe may send markets on yet another yoyo ride. Resistance for the STI is seen at 2910 with the 20-day MA at 2800 providing underlying near term support. Tiger Airways could be in focus after it says it receives regulatory approval to increase the number of daily flights in Australia, while Singapore Airlines too could draw attention after posting weaker operational results. F&N FY11 results came in slightly ahead of expectations.