Mid Day Update

[Dow Jones] Singapore shares little changed at start of afternoon session as move off lows for China markets, Nikkei and bullish signal from U.S. pre-market futures helps underpin market; STI down 1.2% at 3158.25 vs session low of 3138.55 with support tipped at 3150. But trader at local brokerage says momentum remains with sellers; "I don't think it would be wise to hang onto big positions right now as the outlook for the market is hazy." Keppel Corp. (BN4.SG), SembMarine (S51.SG), SembCorp (U96.SG) and Wilmar (F34.SG) all seeing good gains as investors bet they will benefit from oil price spike. Broad market volumes remain decent with losers outnumbering gainers 368 to 190.