Home THE DAILY EDGE Business STI off 0.2% in quiet session; 2,900 support
STI off 0.2% in quiet session; 2,900 support

Tags: Asiasons Capital | Bund Center Investment | Genting Singapore | Genting Singapore Plc | Thakral Corporation

Written by The Edge   
Tuesday, 13 July 2010 14:55
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Singapore stock market remains quiet as investors retreat to sidelines after pocketing gains from early advance, wary of taking new positions amid renewed concerns of more government intervention in China’s property market, according to Dow Jones.

Overall volume modest at under 700 million shares worth $627.8 million vs yesterday’s 1.02 billion worth $1.10 billion. STI off 0.2% at 2,920.80, with support at 2,900. “We expect the STI to end lower today, owing to the lack of clear direction and catalysts in the broader market,” says CIMB. Market breadth remains negative.

Top 10 most active stocks comprise good mix of small, mid, large caps, including Thakral Corp. (T04.SG), flat at $0.03, Genting Singapore (G13.SG), off 0.9% at $1.16, Asiasons Capital (5ET.SG), +5.0% at $0.21, Bund Centre Investment (LJ1.SG), +3.0% at $0.515, Macquarie International Infrastructure Fund (M41.STG), +5.1% at $0.52.

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Last Updated on Tuesday, 13 July 2010 14:56