Thursday, December 15, 2011

SG Market

SG Market: Spore stocks are likely to drop, tracking early declines in regional markets as well as falls in US and European bourses but trading is not likely to be active as fund managers and investors are generally on holidays. Support for the STI at Nov 25 low of 2643 is likely to give way, with the next key level distant at Oct 5 2522 low.

SembMarine is likely to be in focus after bagging a US$292m contract from rig operator Prosafe. Sing Holdings may find support after acquiring a 4th site on Robin Roa

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