Spore market: Spore shares are likely to rise, tracking gains on Wall Street Thursday and regional markets so far after Greece shelved its referendum plans; that's calming fears over a potential default from the indebted nation, which is helping risk assets such as equities.
On Thursday, the benchmark STI ended down 0.9% at 2810, off an intraday low of 2781; the index has fallen 3.3% so far this week after surging 15% off its Oct 5 low, and analysts say volatile trade is sure to persist as market direction is at the mercy of headlines from Europe; support is tipped at 2715 with resistance at 2850.
Stocks trading following results include SIA, SCI, SMM, Hyflux, Chip Eng Seng and Jaya.
Perennial China Retail Trust (PCRT) could be in focus on its plans to buy 50% in a mall development in Chengdu, China for about Rmb2.28b.
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