SG Market: Spore shares are likely to track higher following Wall Street, which posted its biggest single-day gain in a month on optimism over Europe, thanks to news eurozone leaders are working towards a new pact to stem the debt crisis. However, gains are unlikely to be in the same order of magnitude as in the US as caution remains over the very fluid situation. Resistance for STI is tipped at around 2770, representing the 50-day MA with support at 2650.
CapitaLand and CapitaMalls Asia may be in focus after both, along with Singbridge Holdings, have been awarded a site in China's Chongqing for Rmb6.54b to build a landmark mixed development.
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