SG Market

SG Market: Spore shares likely to see a smart pop following the sharp rebond on Wall Street on news that EU ministers are drawing a plan to aid banks at risk. Banks and cyclicals likely to benefit. Noble’s plans to spin off and list its agri business is positive as agri assets normally command higher valuation multiples than non-agri assets. Other stocks in focus will be the privatisation of Pacific Shipping Trust. STI is expected to get back with its downtrend channel, resistance tipped at 2600.