Pullback by DJIA, S&P 500 overnight may prompt investors to take profits on Singapore shares after yesterday’s strong run-up, which lifted STI to highest level since January 2008, +1.9% at 3,300.40.

Support for benchmark eyed at yesterday’s 3,257 intraday low. Local corporate earnings will continue to be in focus, with Sembcorp Industries (U96.SG), Armstrong Industrial (A14.SG) among latest to report results.

Neptune Orient Lines (N03.SG), ST Engineering (S63.SG) may also be closely watched following release of container shipping group’s latest 4-week operating data, engineering group’s $370 million worth of airframe heavy maintenance contracts.

“There’s a fair bit of corporate developments to drive market activity, although Wall Street’s pullback may prompt investors to first digest some of yesterday’s strong gains before the uptrend resumes,” says trader at local brokerage.