SG Market

SG Market: Spore stocks have a positive lead from Wall Street and with risk assets getting bid on hopes that Italian PM Silvio Berlusconi may resign. However the local market is likely to remain volatile after choppy trade last week, and could give back some of Fri's gains. There could be some retracement back to the 2820 support level with resistance at 2920. Stocks in the news include SingTel after it raises its stake in Thailand's Advanced Info Service to 23.32% at a cost of about $328m.