Singapore shares heading higher in early trade as better Wall Street lead sparks some buying interest; STI +0.3% at 3002.29, off earlier high of 3012.34, with resistance tipped at 10-day moving average of 3027. Several blue chips seeing good gains; best performers are CapitaLand (C31.SG) +2.6% at S$5.88, NOL (N03.SG) +2.8% at S$3.36. Technical analyst at local house tips market to head higher in near-term; "I think we will rebound to 3100 on the back of a rebound in the Dow, before we come back and test recent lows." But thin volumes and move off early highs suggest today's upside may be limited; gainers outnumber losers 121 to 84 in broad market.
Play still on resources. Noble, Olam and CPO counters.
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