Singapore shares generally still directionless as investors wary of committing amid concerns global economic conditions could get worse, according to Dow Jones.

STI off 0.1% at 2,922.60, expected to close above 2,900, with resistance at last week’s 2,952 high. Decliners outnumbering gainers by slight margin in broad market, with overall volume still thin.

“Given the uncertainty about recovery in the US and possibly weaker demand out of Europe, we continue to favor sectors leveraged on Asian consumption, such as the integrated-resort thematic (plays) and domestic consumer services plays, over exporters and stocks leveraged on global trade,” says DBS Vickers.

Among such plays, Genting Singapore (G13.SG) flat at $1.58 vs $1.62 intraday high. Penny stocks, small caps remain most active in market, with Scintronix (T20.SG), flat at $0.095, Style Merchants (N37.SG), +25.0% at $0.05, Enzer (545.SG), +4.6% at $0.23.