STI down 0.1% at 3159.63 midday, with two decliners for every gainer; 950 million shares traded worth $919.8 million; local trader says “the market’s quite boring actually,” expects sideways trade to remain; technically, says market likely to drift lower next couple of sessions but not by much.

Another trader says market lacklustre pre-G20 meeting this weekend, “we may see a little pick up towards the end of the day as we’ve seen selling throughout most of this week, so there may be a little bit of bargain hunting.” 

 

New listings dominate most actives; today’s debutant Mun Siong (MF6.SG) top traded stock, at $0.265 vs S$0.20 IPO price, with 106 million shares traded. GLP (MC0.SG) off 1.7% at $2.25, Mapletree Industrial Trust (ME8U.SG) down 3.4% at $1.12. Keppel Corp (BN4.SG) +0.6% at $9.77 after rig builder’s 3Q beat estimates. Support tipped at 3142, 2-week low.