Attention in Singapore stock market mostly on lower liners, with new listing Leader Environmental Technologies (LS9.SG) most sought after, accounting for almost a-quarter of overall market volume of 667.1 million shares; at $0.235 vs $0.21 IPO price. Market breadth neutral, according to Dow Jones.

Interest in blue chips subdued, with STI +0.2% at 2,949.32 midday after choppy morning session; firm resistance tipped at 2,984 (April 30 high), with support at this week’s low of 2,914.

“With corrections in each of the first two quarters, plus sudden 3.0% to 4.0% intraday falls in June, traders are expected to be extra careful with the approach of 3,000,” says AmFraser Securities strategist Najeeb Jarhom.

Among blue chips, Jardine group up, banks and developers mixed, rig builders down.