Home THE DAILY EDGE Business STI flat, but recent rising trend intact: DBS Vickers
STI flat, but recent rising trend intact: DBS Vickers

Tags: Yamada Green Resources

Written by The Edge   
Friday, 08 October 2010 12:42
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Singapore shares mostly higher with about 1.5 gainers for every decliner, with lower liners faring better than blue chips, says Dow Jones.

STI flat at 3,165.71 midday after hovering in tight 3,163-3,172 band intraday, suggesting this week's 3,136 low, 3,197 high not likely to be tested.

"Technically, we see the STI's rising trend intact," says DBS Vickers, expecting benchmark to continue outperforming equity indexes of G3 economies due to liquidity inflows; "liquidity injection from quantitative easing and currency intervention in G3 has been finding its way into Asia in recent months and this trend should continue in the months ahead."

New listing Yamada Green Resources (MC7.SG) remains most active stock in market, at $0.405 vs $0.22 IPO price. FTSE ST Small Cap Index +0.8%, FTSE ST Mid Cap Index +0.3%. Overall volume light at 989.5 million shares worth $818.8 million.
 

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Last Updated on Friday, 08 October 2010 12:44