SG Market: Spore shares may open with a downward bias today after Wall Street's uncertain close amid continuing worries about high oil prices & tensions bubbling in Mid-East. The STI failed to penetrate move above the key resistance of 3120 as investors took profits after the index's 4-session 2.5% rise. The lack of major corporate news will provide little direction for the market with most traders focused on fluctuations in the oil price & mid-East developments.
SIA may get a respite after raiseing its fuel surcharges for the 3rd tie in 4 mths with jet fuel at two-year highs; Berlian Laju Tanker may see some interest after it announces a US$95m sale & lease back agreement on 4 vessels. Support for the STI is tipped at 3080, with resistance at 3120.
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