Wednesday, September 1, 2010

SG Market

SG Market: Flat session on Wall Street overnight suggests Spore shares may continue trading in tight ranges with downward bias. With no encouragement so far from US economic data and investors generally holding back pending Fri's closely-watched Aug jobs report, any near-term upside for shares likely to be capped. Immediate resistance for STI at 2970 with support at 2920. Telecom stocks may be in focus with launch of Spore's high-speed national broadband network, prompting telcos to roll out
out new broadband packages.

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