Mixed session on Wall Street may prompt investors to take some profits off Singapore shares in early trade, says Dow Jones.

Ahead of Singapore’s earnings season starting next week, investors expected to take cues from economic data, with surprise fall in US September private-sector employment potentially keeping sentiment guarded.

STI, +0.9% at 3,190.07 yesterday, expected to hold above 3,150, with resistance tipped at 3,214 (June 2, 2008 high). “The US private-sector jobs report could mean last month’s nonfarm payrolls data (due Friday) will disappoint. The market could be in a wait-and-see mode today,” says local house trader.

Overseas Union Enterprise (LJ3.SG) may gain as property group’s controlling shareholder seeks to sell 120.5 million shares at $2.80 each, lowering stake to 67.07% from 79.35% in move which could improve trading liquidity; stock +2.0% at $3.05 yesterday.