SG Market: Spore shares are likely to open higher after a positive session on Wall Street & Nikkei’s firm opening though ongoing caution amid Japan's nuclear threat could limit gains. STI index currently sits on the lower Bollinger Band, which sets it up for a nice rebound but market is now more dictated by events driven rather than fundamentals. Investor attention will be on whether there will be more worrying news from Japan. Upside resistance will lie between the 3009 to 3020 gap.
All eyes will be on mega listing of Hutchison Port Holdings Trust, which makes its debut this afternoon. Commodity-linked stocks may continue to feature after wheat, natural gas, corn, nickel, cotton, soybeans, sugar & copper rose more than 3.3% in US trading.
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