Investors continue to favour lowers liners in Singapore over blue chips, says Dow Jones.

FTSE ST Small Cap Index +0.5%, FTSE ST Mid Cap Index +0.5%. STI off 0.3% at 3,086.36, expected to hold above 3,043 August peak.

“The near-term upside is likely capped” for STI, says CIMB, “momentum is slowing in the last couple of days, as suggested by its indicators. The RSI is now overbought, which warns of a consolidation period in the near future.”

Market breadth at 1.5 gainers for every decliner. Key gainers among small caps include GMG Global (5IM.SG) +23.4% at $0.29, UPP Holdings (U09.SG) +11.1% at $0.20, Fuxing China (DC9.SG) +8.6% at $0.19, UMS Holdings (558.SG) +5.8% at $0.455.

Among blue chips, decliners include Jardine C&C (C07.SG) off 2.3% at $37.42, Jardine Matheson (J36.SG) off 1.2% at US$46.26 ($61.50).