Home THE DAILY EDGE Business STI +0.2%; Gains sustainable near term - DBSV
STI +0.2%; Gains sustainable near term - DBSV

Tags: DBS Vickers Securities | Gmg Global | Mdr | Serial System

Written by The Edge   
Monday, 11 October 2010 15:08
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Singapore shares holding on to gains but not expected to head much higher for rest of session as investors await fresh leads, including corporate earnings due in coming days, says Dow Jones. 
 
STI +0.2% at 3159.58, with resistance at year-to-date high of 3197. Market breadth at 1.5 gainers for every decliner. DBS Vickers says bias likely to remain positive in near term as recent gains accompanied by “healthy market participation by small caps and large caps”, as well as increased trading volumes; “we see the liquidity inflow into Asia sustaining in the months ahead.” 
 
Small, mid caps most active in market, led by MDR (A27.SG), flat at $0.005, Serial System (S69.SG), +17.2% at $0.17, GMG Global (5IM.SG) 
 
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Last Updated on Monday, 11 October 2010 15:21