Wednesday, June 4, 2008
Mid Day Market Update
[Dow Jones] Singapore blue chips may close tad higher as bargain hunters nibble away amid pullback in oil prices. STI now +0.5% at 3169.15, with most components higher, but any further gains likely to meet resistance at 3200 as leads few. "The office is so damned quiet, I'm almost falling asleep," local dealer says of his house's trading desk. Shares in broader market also tad firmer, with FTSE ST All Share Index +0.4% at 808.31. Still, thin market volume suggests investors generally sitting out session.
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