SG Market

SG Market: Spore shares are set to fall, hurt both by key earnings disappointments from Genting Spore, NOL, Hyflux, CAO, Otto Marine. Having broken below the 3000 psychological support, the risk for the STI is on the downside with the 20-day moving average around 2962 acting as the immediate support. Index members Genting Spore and NOL are likely to face ratings downgrades after both reported below par results while Ezion is proposing a 110m share placement. @ $0.88.