SG Market: Spore shares may get a slight lift from US gains though market sentiment is expected to remain cautious with sideways trading the order of the day as the worst may not be over for Japan’s radiation fallout. Hence, any upside may be capped by some selling into strength as long as crude prices stay elevated. Support for the STI seen at 50-day MA at 3028 while immediate resistance is tipped at 3092.
O&M stocks like KepCorp (potential orderflow), Sembcorp Marine (orders, dividend payput) & Cosco (orders) remain in play.
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