Singapore’s STI remains down 0.1% at 3241.83, barely moving a fraction from its midday level, with volume a meagre 966 million shares worth just S$711 million. UOB Kayian says “the STI has been trading within a tight band, with a noticeable lack of momentum in the last 4 sessions.” 

The house says that ADX (an indicator of trend strength) has been turning downwards while the MACD also seems to be moving sideways. “In the absence of a catalyst, we do not expect a strong directional move in the near term.”  It adds support remains at 3200 while resistance is at 3300.

 

Ascendas REIT (A17U.SG) is down 0.9% at $2.16, unmoved by its 3Q results during the lunch break with little trade in the afternoon session so far, after it posts 3Q DPU of 3.29 cents, up 0.6% on-year, and off 0.3% on-quarter. 

 

Small caps still dominating the most actives board, with Qingmei Group (KT9.SG), PSL Holdings (L6T.SG) the top two traded stocks.