SG Market: It will probably be more of the same for the Spore market with corporate news flow tap running dry and the STI dancing to the tune of headlines from US and Europe. Spore shares are likely to continue its downward path with supports topped at 2644 and 2600 and upside resistance at around 2800 level.
GMG Global may be in focus after striking a US$410m deal to develop rubber and oil palm plantations in Cameroon. NOL will face selling pressure after reporting a 14% drop in revenue per FEU for Nov and warned that prospects for the shipping industry are unlikely to improve much in 2012 due to high fuel prices, low freight rates and slowing demand.
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