Singapore shares still firm but negative US stock futures, mixed performances in regional markets suggest upside may be minimal, says Dow Jones.

STI +0.6% at 2,942.12, may encounter resistance at last week’s 2,952 high. “Technically, the index has surprised on the upside,” says OCBC Investment Research analyst Phillip Teo; “however, with the intraday MACD already showing signs of turning lower, the index is likely to face some profit-taking pressure in the afternoon.”

Gainers continue to outnumber decliners by slight margin in broad market, but participation remains low with overall volume paltry, driven mainly by Genting Singapore (G13.SG), off 0.6% at $1.58, plus lower liners like Rowsley (A50.SG), +12.5% at $0.135, Beng Kuang Marine (5MC.SG), flat at $0.285, Genting Hong Kong (S21.SG), off 1.6% at US$0.31 ($0.42), Yangzijiang (BS6.SG), +1.3% at $1.53.