Friday, October 21, 2011

SG Market

SG Market: Spore shares are likely to see cautious trade ahead of this weekend's meeting of European leaders to discuss a debt crisis bailout package, though bias could be to the upside after Wall Street's positive close and after the benchmark STI''s 3.1% fall over the last 3 sessions. STI should find immediate support at 2680 with resistance at 2720. Keppel Corp will be in focus after its 3Q net profit surged 33.3% on year and the rigbuilder hopes to secure "a fair share" of Petrobras orders.

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