Friday, March 30, 2012

SG Market

SG Market: Spore shares are unlikely to see much window dressing ahead of the quarter end following the mixed close on Wall Street. We expect the local market to continue its listless trading with a possible downward bias as investors move to the sidelines. Stiff resistance for the STI is tipped at 3030 with 50-day MA at 2988 providing underlying support.

SembMarine will take to the news after Upstream reports that the rigbuilder has bagged a US$650m rig order from Seadrill. Cord blood service provider will also be in the limelight after making a strong debut yday.

No comments:

Post a Comment