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Singapore Stock Market Updates On 11/10/11

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Publish date: Tue, 11 Oct 2011, 10:19 AM
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Market continues its rally, with exporters and technology firms posting notable gains. US market jumps as France and Germany pledge to do everything necessary to support Europe's banks. Market is showing signs of recovering as 2600 is seen as a good support level.

Most blue chips are turning from bearish to bullish too. However, please be cautious that transition period is choppy. We will prefer to wait for a consolidation to set in before a new rally begins. Sentiment for now neutral, biased towards bullish. Lookout for strong stocks like Singtel.
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