Wall Street’s decline overnight likely to spur investors to take profits on Singapore shares after yesterday’s rebound, which enabled STI to close higher for 1st time in 4 sessions, +0.8% at 2,723.87, according to Dow Jones.

Initial support for benchmark at 3-month low of 2,678 set last week. Participation may remain low with few leads in store, especially with most companies having already reported March-quarter results.

“Trading is definitely going to slow in this climate. If you have already made some money, take it off the table. You won’t get much deal flows. We could see market volumes dwindling to barely 500 million shares in the near term,” says an analyst at a Singapore brokerage. 1.07 billion shares changed hands yesterday vs 1.49 billion Friday.

Prudential (K6S.SG) likely in focus as British insurer debuts in Singapore by way of introduction; shares will start trading at 10 a.m. to align with opening of HK market, where stock will also make its debut.