SG Market

SG Market: Spore share are expected to see a technical pop from deeply oversold levels in tandem with Wall Street but gains are expected to be short-lived in the absence of any strong catalysts. The STI may attempt to close the down gap at 3077, which will be the new resistance. No particular news to move market although many stocks are trading at multi-month lows such as CapitaLand, Cosco, China Minzhong, Genting Spore, Yangzijiang, just to name a few.