Tuesday, February 7, 2012

SG Market

SG Market: Spore shares are likely to consolidate recent gains after Wall Street's softer close and mixed laeds from regional bourses. Focus may shift towards Greece, as its leaders struggle to strike an agreement on austerity measures imposed by the EU and IMF in order to secure much needed funds to avert potential default. However, one positive sign is that the Greek drama appears to be losing its effect on the markets with Mon’s deadline passing with barely a whimper.

Support for STI rests at 2910 with the next hurdle at the psychological 3000 level. Noble is set to rise after its long-awaited CEO appointment. A-Reit may be in focus after acquiring Science Park assets. CSE Global issues profit warning.

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