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Too early to call bottom on STI, says AmFraser

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Singapore shares reverse fall as SingTel (Z74.SG) and banks lend support with the STI gaining 0.4% at 2,703.14 vs morning low of 2,675 (down 0.7%) with resistance tipped at five-day moving average around 2,720.

But trading is likely to remain choppy given European sovereign debt worries still simmering away with support eyed at yesterday’s low of 2,665.

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