With no leads from Wall Street overnight as US markets shut for Labor Day holiday, early trading in Singapore shares may be lighter than usual, with players expected to take cues from other Asian bourses as session progresses, says Dow Jones.

After closing at highest level this year yesterday, +1.1% at 3,034.58, STI may open tad lower on profit-taking, though more upside still possible in near term. Support at 3,000, resistance at 3,085 (lower end of breakdown gap formed June 9, 2008).

“If economic data continues to be positive, or at least not negative, in the three major blocs (US, Europe and China), we may look forward to a fairly good September,” says DMG research head Terence Wong. With corporate newsflow thin, trading interest may continue to center on recent market favourite Genting Hong Kong (S21.SG), penny stocks.

Genting HK ends +4.8% at US$0.44 ($0.59) as players hopeful of prospects given its 50% Resorts World Manila stake.