SG Market: S’pore shares are likely to see subdued action with negative bias today after a mixed close on Wall Street amid persistent concerns about as Spain’s debt problems. The 4.3% drop in S’pore’s Mar non-oil exports (vs a 8.2% growth forecast) from a 30.4% expansion in Feb is likely to weigh on market sentiment. Expect the STI to range trade within the 2970-3000 zone.
Among stocks in focus, 1Q earnings from M1, K-Reit and K-Green are in line with expectations and unlikely to impress investors. SIA may see some interest after its traffic performance showed some improvement in Mar.
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