STI +0.6%, Still In Tight Band; 3200 Resistance

[Dow Jones] Singapore stocks manage to cling on to gains, but upside appears limited as market still unable to shrug off recent sluggish tone, judging from thin volume. STI +0.6% at 3163.75 midday after drifting in tight 3162-3184 band for whole morning. Resistance remains at 3200. "It's very rangebound. There's no incentive. The market is looking for direction but there's not much," says trader at bank-backed brokerage. FTSE ST All Share Index +0.6% at 807.31. New listing China Taisan Technology (F2X.SG) most active on SGX with 54.3 million shares traded, +2.1% at S$0.245.