Singapore stocks retreat as investors lighten positions amid absence of positive leads. STI off 0.6% at 2,899.17 at 9:35 a.m., reported Dow Jones Newswires.
Market breadth at almost two decliners for every gainer. Despite pullback, DMG analyst James Lim expects more upside for STI even after its 6.0% gain since beginning March, citing bullish chart action.
