SG Market: Spore shares are likely to consolidate its gains following the weak session on Wall Street. Having broken through the 3000 psychological level, the STI may make another crack at the ytd high at 3030 but is unlikely to clear the double top this time round given the uninspiring data from US and China.
In corporate news, KepCorp signed a LOI to build a US$315m new generation harsh environment accommodation semi for Floatel, taking its ytd new order wins to US$465m, while Singapore Exchange announced a business reorganisation and some personnel changes.
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