SG Market: Spore shares are likely to see some profit-taking after its recent rise, but risk sentiment remains intact given stronger-than-expected US employment data & expectations that Japan's nuclear crisis will not deteriorate any further. The STI could be facing some immediate resistance at around the 3120 region, followed by 3180 with support pegged at 3080.
Investors may be taking a wait-and-watch approach ahead of 1Q corporate reporting season this month. KepCorp is expected to take the market lead as it secured another rig order, its 13th this year, bringing its total orders this yr to $4.6b with another 14 options worth $3.8b yet to be exercised.
No comments:
Post a Comment