Singapore shares may end tad higher, drawing strength from gains in most Asian markets, says Dow Jones. STI +0.2% at 3209.49, with morning high of 3220 not likely to give way for rest of session. 

“There are several reasons why even if a sharp U.S. slowdown materializes, the current ‘buy-on-weakness’ stance might be maintained,” says Phillip Securities analyst Phua Ming-Weii. 

 

Notes economic conditions in Singapore favorable, while institutional funds which have long been underweight Asia expected to now park more money in this region amid increasing liquidity. Overall participation notably subdued after yesterday's run-up accompanied by strong volume. 

 

Plantation stocks extending recent hefty gains as sector fundamentals looking increasingly favorable, with prospect of higher cooking oil prices in China supportive. Wilmar (F34.SG) +4.4% at $6.42, Golden Agri-Resources (E5H.SG) +3.1% at $0.675.