Wednesday, January 25, 2012

SG Market

SG Market: Spore shares are likely to usher in the Year of the Water Dragon with a small splash, tracking gains in Wall Street and regional markets despite concerns over stalled Greek debt talks and the IMF's lowered global growth forecasts. But market activity may be quiet as we come out of the long weekend holidays and with Hong Kong market remaining closed. The STI is expected to close the breakdown gap at 2853 before aiming for the next resistance at 2900, with support at 2795.

Apple-suppliers Hi-P and Broadway may advance despite a profit warning after Apple posted record earnings.

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