Singapore shares slightly higher in early trade taking cue from Wall Street, Nikkei, but slim lead suggests shares may drift into negative territory; STI +0.2% at 3167.35 with resistance tipped close to 30-day moving average at 3180, support at 3150. "It''s very quiet on the trading floor, nobody is taking fresh positions," says trader at local brokerage. Blue chips mixed with weakness among rigbuilders after oil price pulled back; Keppel Corp. (BN4.SG) down 0.5% at S$12.12, SembMarine (S51.SG) down 0.4% at S$4.58. Broad market volume fairy thin with gainers outnumbering losers 146 to 88.
Some profit taking in counters that have run up. Players closing position ahead of the weekend.
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