SG Market (07 Nov 12)

SG Market: S’pore shares may get a breather from gains on Wall Street as markets await the outcome of the US presidential election, where traders say a clear verdict in favor of either candidate will help quell uncertainty and boost markets. But a downside break of the 3020-3060 trading range may send the STI lower towards the 3000 psychological support. Among stocks, UOB may be in focus before reporting its earnings after market close. SATS posted a trong set of 2QFY13 results with net profit of $50.3m +25.4% yoy but Yongnam and MaxiCash results were weak.