SG Market

SG Market: Spore shares likely to edge higher following firmer close on Wall Street but STI likely to meet stiffer resistance at 2910 level. Global Logistic Properties may draw some interest after it says it has formed a US$500m joint venture with the Canada Pension Plan Investment Board to develop logistics facilities in Japan. In other corporate news, Olam buys Indian sugar milling plant for US$73.8m while Wilmar fails in bid to acquire Prospering Co-op Sugar Milling Assoc assets.