Singapore stocks were flat at the midday on Friday, weighed by losses across regional bourses and in Genting Singapore’s (GENS.SI) shares.

By the midday break, the Straits Times Index (STI) <.FTSTI> was up 0.64 points at 3,220.47. The total value of shares traded in the morning session was $612 million, down from $838.8 million on Thursday.

“The markets are pretty uncertain today as there are no obviously positive or negative news flowing from the economy or from company earnings,” said Tey Tze Ming, a market strategist at Saxo Capital Markets.

Tey said he expected the STI to be soft in the afternoon with support at 3,200.

 

“The U.S. markets are at pretty overbought levels so I expect more downside still, which means Singapore equities may come under some pressure as well,” said Tey.

 

Shares of Singapore’s casino operator Genting Singapore (GENS.SI) fell as much as 1.9% on Friday to a near two-month low on concerns that Singapore’s tight junket regulations could weigh on the firm.