In corporate newsflow, focus may be on SMM which announced a new order win, and SCI, after its CEO revealed the group’s growth plans in an interview.
Olam trading will likely remain volatile, with CEO Sunny verghese further dismissing claims from Muddy Waters of potential insolvency by pointing to the group’s more than $10b of liquidity.
Thursday, November 29, 2012
Singapore market (29 Nov 12)
Singapore market: may open firm this morning, following the strength in US markets overnight, on the back of upbeat remarks regarding the fiscal cliff negotiations.
In the region, Kospi and Nikkei are +0.6% and +0.5% respectively, at 8.25 am.
Technically, the STI managed to bounce off the 3000 support level yday. The above neutral and rising RSI and Stochastics bodes well for near term momentum for the STI to test the 3,027 resistance.
In corporate newsflow, focus may be on SMM which announced a new order win, and SCI, after its CEO revealed the group’s growth plans in an interview.
Olam trading will likely remain volatile, with CEO Sunny verghese further dismissing claims from Muddy Waters of potential insolvency by pointing to the group’s more than $10b of liquidity.
In corporate newsflow, focus may be on SMM which announced a new order win, and SCI, after its CEO revealed the group’s growth plans in an interview.
Olam trading will likely remain volatile, with CEO Sunny verghese further dismissing claims from Muddy Waters of potential insolvency by pointing to the group’s more than $10b of liquidity.
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