SG Market: Spore shares may bring some cheer ahead of the X’mas holidays, in line with gains in regional markets and Wall Street's gains on better-than-expected US economic data. Technical analysis tips another quiet trading day, with the STI tucked in its narrow 2650-2680 range.
Noble Group is likely to rise on trade resumption after accepting a A$2.2b reverse takeover by Yanzhou Coal for its 64.5%-owned Australian subsidiary Gloucester Coal, which soared 22% on opening. KepCorp may also see gains after bagging a US$809m contract from Sete Brasil although sentiment may be bit dampened by the cancellation of bidding process for 21 rigs by Petrobras.
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