Thursday, May 19, 2011

SG Market

SG Market: Spore shares are likely to trade with upside bias today following Wall Street rebound on dovish Fed signals although gains are not expected to be significant. News of MTI latest revision of 2011 GDP growth forecast to between 5-7% from 4-6% will also likely add to the positive mood. With the current lack of corporate newsflow, the STI is set to continue trading within the 3100-3200 band.

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