SG Market: The STI's long-sought perch over 3000 may be shaky, with shares likely to fall, tracking weakness on Wall Street amid fresh Greece concerns. News that EU finance ministers might delay parts or all of a second bailout until after a Greek election in Apr is expected to weigh on risk sentiment, even if few knew how to clearly read the situation. But data showing Spore's 4Q GDP contracted less than originally estimated may provide support. First support is likely at 3000 followed by 2950.
Data showing January private-home sales nearly tripled in Jan from Dec will put property plays in focus. Singapore Airlines may face some pressure after January load factors showed significant weakness in cargo traffic. Commodity stocks may also be in play with firmer oil prices due to cutback in Iranian shipments to Europe. OKP reported splendid results but the same cannot be said for Hiap Hoe and Koh Bros.
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