Tuesday, June 28, 2011

SG Market

SG Market: Spore shares could take some bullish leads from Wall Street on increased optimism over Greek debt situation but the outcome of vote on austerity measures this week remains uncertain. Still, stocks should enjoy some short term lift from end Jun window dressing by funds as well as bargain hunting of certain blue chip and STI component stocks after being heavily sold down recently. DMX may enjoy 1st mover advantage with its plans to launch a cloud computing service in China.

Container shipper NOL could come under pressure after latest operating data that show further declines in freight rates & volumes. STI tipped to trade within its 3000-3080 range.

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