Spore Market: expected to trade in a narrow range with slight upside bias after the DJIA ended up Thursday and amid gains for regional markets so far. However, with continued nervousness over the Greek debt situation and mixed economic data from the US, participation is expected to be thin. STI ended down yday 1.1% at 3020, its lowest close in nearly 3 months.
Mkt watchers tip a slight positive open, after the Dow's 0.5% gain, and STI closing near a support level at 3020 yday. Neighboring Nikkei and Australian shares are also currently higher. Thereafter, mkt is expected to flatten out an dtrade in a 3020-3040 range if news flow continues to be dry.
STX OSV may be in focus after announces a JV with ship automation systems co Industrial Control Design for devt of offshore handling systems.
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