STI : Good Volume; Election Boost - CIMB

Dow Jones] Singapore shares holding onto good gains in decent volume as imminent U.S. election eyed as potential catalyst; STI +4.8% at 1880.88 at midday with resistance tipped at Oct. 22 intraday high of 1895. "Expectations that the new government will have to get down to the job of turning around the U.S. economy may continue to support optimism that the worst is over for holders of equities," says CIMB. Gains widely based with all sub-sector indexes higher; biggest blue chip risers include Golden Agri (E5H.SG) +15.8% at S$0.22, Keppel Corp. (BN4.SG) +9.8% at S$4.92. Broad market volume markedly higher than in recent weeks; gainers outnumber losers 4 to 1.