SG Market: Spore shares will likely open higher on the positive lead from Wall Street, though gains will likely be capped by ongoing caution amid volatile oil prices. The STI bounced off its 200-day moving average & closed above the psychologically important 3100 level for the 1st time since mid Feb but expect some resistance at the 3115 level. Market is likely to remain nervous with limited upside until the uncertainty in Mid-East clears.
F&N/Asia Pacific Breweries restructuring story may be revived following planned stake sale in Kingway Brewery. 3080-3115 STI band tipped today.
No comments:
Post a Comment