Singapore blue chips succumb to light profit-taking after US stocks’ overnight fall, says Dow Jones. STI off 0.4% at 3,144.31, expected to hold above 3,100.

“On its intra-day charts, the momentum indicators are showing bearish divergences. It is time for buyers to be cautious again,” says CIMB. Stocks in broad market faring tad better, with gainers outnumbering decliners by slight margin.

Small caps most active in market, led by Yongnam (Y02.SG), +13.0% at $0.305, JES International (EG0.SG), +4.2% at $0.375, Transcu Group (E15.SG), flat at $0.125, CSC Holdings (C06.SG), +6.1% at $0.175. Among blue chips, Hongkong Land (H78.SG) down 2.3% at US$6.44, Jardine C&C (C07.SG) off 1.5% at $39.22, Olam (O32.SG) off 2.7% at $3.22.