SG Market (05 Oct 12)

SG Market: S’pore shares raring to move higher as positive cues from Wall Street and regional markets appear set to propel STI over the hurdle at the 3088 year-to-date high. Still trading may remain cautious ahead of tonight’s non-farm payrolls numbers. Above 3088, next obstacle for the STI is the 3100 level. Among stocks in focus, SembMarine signed a letter of intent to build a semi-submersible accommodation rig for Prosafe with 2 additional options.