Wednesday, February 22, 2012
SG Market: Spore shares are likely to continue consolidating recent gains, tracking Wall Street's flat lead and declines in regional markets as Greece's "final" deal got an underwhelming response with markets already pricing in the deal. Traders are likely to focus on specific stocks after a slew of earnings results. The key 3000 level is likely to remain support, while the 3030-3050 zone is likely to be pose resistance. Stocks likely in focus after releasing 4Q earnings include Wilmar, HPHT, ARA and OUE.