Singapore shares likely to remain under water for rest of session as participants generally staying out after selling. STI off 0.5% at 3,295.86, expected to end above 3,257 (Nov 8 low), snapping 8-session winning streak. Market breadth still at 2 decliners for every gainer. 

“A close in the negative region wouldn’t be out of place considering the recent good run. Conditions are still favorable for stocks to climb in the near-term,” says trader at local brokerage. 

Most FTSE ST sub-indexes down, with S-chips, penny stocks among worst performers; FTSE ST China Index down 2.3%, FTSE ST Catalist Index off 2.3%. Genting Singapore (G13.SG) most heavily-traded in market, off 3.4% at $2.27, ahead of 3Q10 results due tomorrow.