Thursday, October 27, 2011
SG Market
SG Market: Spore share are expected to open slightly in the positive following Wall Street’s strong finish but gains are likely to be limited as the EU summit fell markedly short of details and there are still plenty of uncertainties. With technical indicators approaching overbought levels, resistance is tipped at 2800 with support at 2680. On corporate earnings, Suntec, CDLH and MIT all posted 3Q results, which were largely in line.
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