Singapore stocks off to sluggish start with no triggers to spur active buying or selling, says Dow Jones. STI flat at 2,979.12, may hold above 2,950 but below 3,000.

“There have been no confirmation signs that a reversal is taking place (but) continue to keep (stop-loss orders) tight as its indicators continue to show negative divergences,” CIMB says of STI’s chart action. Market breadth flat.

Small caps dominating trade, led by Informatics (I03.SG), +4.2% at $0.125, Swing Media (5BQ.SG), flat at $0.05, Healthway Medical (5NG.SG), +2.7% at $0.19.

Among STI components, telcos and land transport stocks up, Jardine group down, remaining shares mixed.