Positive US stock futures and gains across Asian bourses are expected to keep Singapore shares in positive territory for the rest of the session.
The STI is up 0.6% at 3,151.62 but may face resistance at Friday’s 3,167 high. Market breadth is still at more than 2 gainers for every decliner, although participation remains low with under 500 million shares changing hands.
“The Korea issue seems to have been discounted but there are no strong drivers for the market,” says a local house trader.
The most active stocks are dominated by both large and small caps, including Genting Singapore (G13.SG) +1.9% at $2.12, China Animal Healthcare (EP4.SG) +1.3% at $0.40, China Hongxing Sports (BR9.SG) flat at $0.155, Noble Group (N21.SG) +2.0% at $2.08 and GMG Global (5IM.SG) flat at $0.30.
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