Activity in Singapore bourse subdued with investors generally staying on sidelines to await fresh leads. Volume thin at 594.1 million shares vs whole of yesterday’s 1.68 billion, according to Dow Jones.

STI +0.1% at 2,870.71 midday after drifting in tight 2,852–2,872 band whole morning, suggesting this week’s high of 2,899 unlikely to be tested; support remains at 2,800. “The action has been a bit flat these few days. The short sellers are not in the market while those who have already bought are still holding on to their shares but holding back from buying more,” says a dealer at local brokerage.

Genting Singapore (G13.SG) most active stock on SGX, +4.6% at $1.02, on optimism over Resorts World Sentosa’s potential following improvement in core 1Q10 results, excluding impairment losses for UK operations. Notable decliners among STI stocks include CapitaLand (C31.SG), off 1.1% at $3.67, Jardine group of stocks.