Home THE DAILY EDGE Business STI +0.1% at 3,080.02 midday; More upside likely rest of Sept: DBSV
STI +0.1% at 3,080.02 midday; More upside likely rest of Sept: DBSV

Tags: Dmx Technologies Group | Genting Hong Kong | Kreuz Holdings

Written by The Edge   
Monday, 20 September 2010 12:53
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Singapore stocks generally struggling to make headway amid mixed performance in Asian markets, although interest in small caps unabated, according to Dow Jones.

STI +0.1% at 3,080.02 midday vs 3,085.69 intraday high, not expected to clear 3,100 for rest of session. Market breadth flat.

“(The) STI’s current rising trend should extend till end September”, backed by end-of-quarter window dressing, says DBS Vickers; tips eventual test of 3,160 before “it runs into danger of a correction”, expects interest in small, mid caps to continue as they remain laggards to blue chips.

FTSE ST Small Cap Index +0.5%, FTSE ST Catalist Index +1.6%. Key gainers among lower liners include DMX Technologies (5CH.SG), +15.3% at $0.49, Kreuz Holdings (5RK.SG), +9.2% at $0.475, Genting Hong Kong (S21.SG) +5.8% at US$0.55.

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Last Updated on Monday, 20 September 2010 12:54