SG Market

SG Market: Spore shares are likely ease off tracking the drop in Wall Street as investors brace for Fed chairman Ben Bernanke’s speech tonight. Traders may also take profits off the table ahead of the Muslim holiday on Tues. On the corporate front, Tiger Airways is likely to open lower following the anncmt of its $158m 1-for-2 rights issue, given the dilutive impact. However, the injection of fresh capital into Tiger will may minimal impact on SIA. Amtek may face some selling pressure as its 4Q results came in below expectations. Support for STI tipped at 2720 with resistance at 2780.