SG Market: Spore shares are likely to open higher in tandem with Wall Street's surge last Fri key US nonfarm payrolls data came in well- above expectations. But Greece remains a sticky wicket as its political leaders struggle to reach agreement on draconian reforms required for an international aid package.
If the STI convincingly clears the 78.6% Fibonacci resistance at 2915, the next hurdle will be at the psychological 3000 level with the 20-day MA, currently at 2820, providing good underlying support.
Offshore and marine stocks are likely to see good action after SembMarine and Swiber landed contracts. Techs may continue their run after the Nasdaq hit an 11-year high. Artivision may see interest after announcing an MOU with Intel.
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