SG Market: Spore shares are likely to rise, tracking gains across the region and Wall Street after comments from Fed Bernanke breathed new life into hopes for further easing after remarking that US employment growth could be supported by continued accommodative policies.
The STI is expected to set 3000 back in its sights following recent sideways trade amid the lack of upward impetus. Gains are likely to be broad-based with asset plays such as Noble and Olam and other commodity stocks getting a liquidity boost. Tiger Airways may be in focus after its 33%-owned Mandala confirms its first flight will be on Apr 5. NOL may also draw interest after it mandated banks for a proposed perpetual bond issue.
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