SG Market

SG Market: S’pore shares could stall for a 2nd with investors reluctant to take firm positions before the weekend. Traders opined that while the day ahead could point to some modest gains across Asia after Wall Street’s slight rebound, this will only mask a week of big falls and a loss of confidence in a global economic recovery. The break of the key 2910 support of the STI could see the benchmark index head lower towards the next support at around 2850. Among the major results releases, OCBC's 1Q12 profit was above expectations but Noble, Genting, City Dev wrere all below par.