SG Market: Spore shares are likely to consolidate its gains after strong 5.4% run-up in past 8 days & yday’s window dressing & portfolio rebalancing amid AUD/JPY currency movements. The STI is also facing a double top resistance at around the 3110 level with support tipped at 3032. A-Reit request for trading halt following $126m acqn of Spore Science Park & announcing $308m revaluation gain on its portfolio.
Oil-related plays will continue to be supported by positive newsflow on the offshore rig market.
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