SG Market: Spore shares could be in for a muted start as momentum eases from its winning streak this year, amid tepid Wall Street showing and persistent worries over the euro-zone debt crisis. The STI could grind slightly higher, but it is going to be uninspired with no major corporate news to drive the market. With the index edging into overbought territory, the STI is likely to trade within a narrow 2680-2735 range.
Management changes announced last Fri may catch the eye; SMRT named Tan Ek Kia interim CEO after Saw Phaik Hwa resigned as company chief following public outcry over recent subway-service disruptions, while Cosco named Ma Ze Hua as chairman to replace retiring Liu Guo Yuan.
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