After flat session on Wall Street, investors may be reluctant to build on yesterday’s momentum in Singapore market, may opt instead to book some gains in early trade, according to Dow Jones.

As session progresses, China markets, which reopen after three-day holiday, may offer fresh leads. Having closed +1.0% yesterday at almost 5-week high of 2,846.94, STI expected to hold above resistance-turned-support of 2,800 but below 2,900 (last breached May 4).

“Improved technicals with the STI surging past its 100-day moving average (2840) suggest traders would watch out keenly for pullbacks to buy,” says AmFraser Securities strategist Najeeb Jarhom.

In sign of increased interest, gains in last 2 days accompanied by volume of more than 1 billion shares vs under 1 billion for most of June.

Maritime, offshore & marine stocks may be most prone to profit-taking after outperforming yesterday; NOL (N03.SG) closed +5.1% at $2.05, Cosco (F83.SG) +4.1% at $1.51, Keppel Corp. (BN4.SG) +2.4% at $8.70.