SG Market: Spore shares could rebound from Mon's losses tracking US markets, but gains are likely to be limited amid still-fragile risk sentiment. Resistance for the STI is likely to be capped at the 50-day MA at around 2735 with underlying support at 2680 level. Momentum indicators have also turned a tad more bearish.
Keppel Corp may draw attention after it bagged a US$150m semisubmersible rig upgrade contract. Meanwhile construction and property development firm KSH Holdings also secured a $110.3m contract to build a condominium project in Pasir Ris while Ezra’s subsea unit, EMAS AMC won 2 contracts wort $97m from Statoil.
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