Singapore shares still firm but negative US stock futures, mixed performances in regional markets suggest upside may be minimal, says Dow Jones.
STI +0.6% at 2,942.12, may encounter resistance at last week’s 2,952 high. “Technically, the index has surprised on the upside,” says OCBC Investment Research analyst Phillip Teo; “however, with the intraday MACD already showing signs of turning lower, the index is likely to face some profit-taking pressure in the afternoon.”
