SG Market: Spore shares are set to rise with Santa in the house, judging by US and European markets' rally last night with no bad news from Europe and US housing starts giving some grounds for optimism. But investors are unlikely to pay too much attention in the last few days of Dec given the thin trades that can accentuate volatility. The STI faces strong resistance at 2679, while 2600 provides a key support.
NOL may rise after its container shipping unit APL joined 5 other shipping lines to create one of the largest vessel networks in the Far East-to-Europe trade lane. SingTel may also be in focus after it announced the commercial launch of its 4G service. Offshore player Dynamac also won $115m contracts with leading FPSO vessel operators Modec, Bumi Armada and SBM Offshore.
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