STI +0.1%; Reverses Early Loss, Nears 3200

Singapore shares erase early losses to move slightly higher in early trade; STI up 0.1% at 3197.05 vs session low of 3182.14 with immediate resistance tipped at 3200. Index bucking falls for other regional markets as bank heavyweights head higher, but CIMB says charts tip capped upside; "with its indicators showing mixed signals, we do not think that the current rebound would be strong." Support tipped close to 10-day moving average at 3160 if index heads into negative territory again. Broad market volume thin, similar to last week''s levels, with losers just outnumbering gainers 119 to 113.