SG Market

SG Market: Spore shares are likely to trade with a downward bias following the S&P downgrade on 15 global banks including 4 of the biggest US banks. Sentiment across the region is also expected to be negative. STI is tipped to stay within the 2640 and 2770 trading band amid the oversold nature of the market. STX OSV, Ezra, Lian Beng and Wee Hur may see positive action after announcing contracts.