SG Market

SG Market: Spore shares are expected to be volatile and track overseas developments and markets as investor confidence remains fragile. Amid the uncertainty, we may see the market gyrate between bouts of selling and bargain hunting. In the short term, the STI appears to be trading within a broad upward sloping trend channel with topside at around 2920 and support at 2730 but the long term trend still favours further downside risk. Capitaland may see some support after kicking in its 1st ever share buyback at an average price of $2.435.