Monday, September 27, 2010

SG Market

SG Market: Spore shares expected to start final week of Sep on firm note following Wall Street's rally last Fri. If ytd high of 3116 gives way, next resistance for STI expected at 3146, which represents the top end of breakdown gap formed in Jun 0 . Index closed +0.3% at 3093 on Fri, +4.8% so far this month. The bias for the rest of the week could be on the upside due to end-of-quarter window dressing.

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