SG Market

SG Market: Spore shares are likely to rise after solid gains on Wall Street as investors cheered news of a Greece bailout deal & reports of progress on stalled US debt-ceiling negotiations. Stocks are likely to open strongly as 2 of the biggest issues that have been holding back the market appear to be clearing up. He adds the STI is likely to test key resistance at 3150 (downtrend line from peaks in Nov, Jan & Apr) & a breakup above this level would provide a very good signal for the medium term & for a push towards 3200. Keppel Corp will be in focus after the world's biggest offshore rig builder posts better-than-expected 2Q results.