Mid Day Market Update

Singapore shares remain slightly higher at end of morning session as gains for regional indexes set direction in quiet trade; STI +0.4% at 3114.54. DBS Vickers says index upside is likely capped at around 3125-3138 as high oil and commodity prices continue to set a cautious tone, with risk skewed to downside; "our view is for the STI to trend lower to 3010-3038." Tips buying interest to stay around the offshore & marine and palm oil plays during market pullback. Broad market volume remains very thin with gainers outnumbering losers 218 to 167