SG Market: Spore shares have some positive leads after Wall Street ended mixed-to-higher, following better-than-expected US GDP and employment data, while news Germany approved legislation to expand the euro-zone's rescue fund may also assuage investor fears over Europe's debt crisis. Regional markets are trading mostly higher. However, Spore shares are expected to remain volatile, with downside bias despite better sentiment over Europe, as worries over earnings growth in a slowdown will remain. STI is trading within a downtrend channel with support at the 2650 area and resistance at 2750.
CapitaMalls Asia will likely be in focus after it receives approval-in-principle from the HK secondary listing. Keppel Corp may see buying interest after announcing it has secured 3 ship-conversion contracts worth a total of $142m.
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