Singapore stocks may get boost from easing concerns over Greece’s debt problems, signs US housing market stabilising based on stronger-than-expected March new home sales, according to Dow Jones.

The STI may head above 3000 for first time in six sessions, with resistance at year-to-date high of 3,038 with last week’s low of 2,943 likely to offer support. Benchmark closed +0.3% at 2,988.49 on Friday.

“With Greece approaching the IMF and the EU for help with its debts, concerns of a default should ease. The positive US home sales may also help sentiment. But whether all this is enough to encourage buying in a big way remains to be seen,” a trader at a local brokerage tells Dow Jones, noting low participation in recent sessions with daily volume below 2 billion shares.

Sembcorp Industries (U96.SG) may buck expected gains by other blue chips as stock trades ex-dividend today; closed +3.3% at $4.44.