Friday, February 3, 2012

SG Market

SG Market: Spore shares are set to further consolidate recent gains following Wall Street’s mixed cue and as its perch above the key 2900 level begins to look a little precarious. Many players may take to the sidelines while awaiting the closely watched US non-farm payrolls data this Fri as well as any signs of progress from Greece's negotiations with its private creditors over the weekend.

Technical support for STI is tipped at 2780 with resistance at 3040 region. SIA may face pressure after reporting lower-than-expected earnings while StarHub may see interest following its higher-than-expected 4Q earnings.

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