Penny stocks still most sought after in Singapore market, while blue chips generally thinly traded, according to Dow Jones.

FTSE ST Catalist Index +2.2% vs STI +0.1% at 3,014.86. Benchmark not expected to challenge year-to-date high of 3,043.

“At the moment, many investors can be likened to ‘headless chickens’ running about in a directionless environment and jumping into trades upon the slightest hearsay,” says CIMB analyst Jonathan Ng; “with interest shifting away from blue chips, we see a strong revival of interest in S-chips and penny stocks.”

Among such stocks, Longcheer Holdings (L28.SG) +5.4% at $0.775, Sapphire Corp (589.SG) +33.3% at $0.02, Transcu Group (E15.SG) +4.6% at $0.115, Serial System (S69.SG) +11.1% at $0.15, Pine Agritech (P78.SG) +2.6% at $0.20.