SG Market: Spore shares are expected to make another assault at the 3000 psychological level on the STI on the back of strong advances on Wall Street and European markets as well as on regional bourses already trading. "The growing optimism coming out of the US is likely to whet the risk-on appetites among investors. If the STI clears 3000, the next hurdle is likely the 3031 year-to-date high. But volume will be watched for how committed traders are to the rise.
SGX is likely to rise after announcing a slew of initiatives to bolster its futures trading segment. Meiban is suspended with unconfirmed speculation of a takeover offer, while Yongnam bagged some contracts.
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