SG Market (10 Jan 13)

SG Market: S’pore shares could extend their gains after risk appetite ticked up on a positive start for the US corporate earnings season, although investors will keep an eye on China's trade numbers due this morning. The STI could test the recent high of 3238 with the next resistance at 3280, while 3200 remains the psychological support.. Selected S-chips such as Midas, China Minzhong, CMA, Perennial may again take the centrestage on hopes of a economic recovery in China while mid cap O&M oil services players continue to be in play. In other corporate news, both Ausgroup and Kreuz announced contract wins, while Interra and Swissco have been upgraded to the mainboard. F&N could also come under the spotlight as investors await the next move from Thai tycoon Charoen Sirivadhanabhakdi, whose takeover offer expires today.