OIL and gas counters could see more trading action on Tuesday after Brent crude slumped to the lowest level since mid-2004 amid speculation that suppliers from the Middle East to the US will exacerbate a glut as they fight for market share.
Separately, US stocks saw a late surge following news of more stimulus from China. This might provide some uplift for certain counters.
Keppel Corp's counter might see more trading activity on Tuesday. The blue-chip heavyweight lost 1.4 per cent or nine cents to end Monday at S$6.42 as news of crude rout roiled oil and gas stocks.