Singapore stock market quiet as players generally holding back ahead of tomorrow’s public holiday. Volume thin at 723.3 million shares worth $766 million, according to Dow Jones.

Market breadth almost flat vs nearly 2.5 gainers for every decliner in early trade. STI flat at 3,235.06 midday vs tight 3,232-3,244 intraday band, not expected to challenge Friday’s 3,285 high for rest of session.

Phillip Securities analyst Phua Ming-Weii tips near-term support at 3,200-3,220; “there’s not much visibility beyond this level in the short term, but if the risk-off (mood) continues, there is a high chance of the STI making lower highs intra-day and continuing lower.”

Genting Singapore (G13.SG) +1.4% at $2.12, recouping some of recent hefty losses triggered by sequential fall in 3Q10 earnings growth. SingTel (Z74.SG) down 2.2% at $3.19 on follow-through selling after September-quarter results missed expectations.