SG Market: Spore shares are likely to continue consolidating recent gains as regional markets are mostly lower despite Greek debt agreement. The market is also getting a bit weary going closer to the 3000 level with some traders are looking to take some money off the table although there is still a lot of liquidity and investors who missed the earlier rally could jump on the bandwagon on pullbacks. Expect STI to range trade between 2940-3000 range.
Olam will likely be in focus after acquiring Nigerian candy-maker Titanium Holding for US$167m. DBS will also likely be in play after reporting higher-than-expected 4Q11 net profit, while F&N reported that 2.2% rise in core 1Q12 profit.
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