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Singapore shares likely to end in positive territory, paving way for STI to set another new 28-month high, says Dow Jones.
Benchmark +0.8% at 3188.80, with resistance expected at 3200. Market breadth still at more than 2 gainers for every decliner. “Investors (are) increasingly optimistic that central banks will do what it takes to promote growth recovery,” says Kim Eng Securities, noting BOJ’s recent rate cut, JPY5 trillion fund to buy assets.
Benchmark +0.8% at 3188.80, with resistance expected at 3200. Market breadth still at more than 2 gainers for every decliner. “Investors (are) increasingly optimistic that central banks will do what it takes to promote growth recovery,” says Kim Eng Securities, noting BOJ’s recent rate cut, JPY5 trillion fund to buy assets.
Still, participation not high as volume light, at under 1.5 billion shares. Even usual punters' favorites like Genting Singapore (G13.SG), Genting Hong Kong (S21.SG) less active than before, with Genting Singapore +0.5% at $2.09, Genting HK flat at US$0.46 ($0.60).
