CST DJ MARKET TALK: STI May Edge Lower On Nikkei Cue

24 Apr 2009 08:40 CST DJ MARKET TALK: STI May Edge Lower On Nikkei Cue; 1814 Support 0040 GMT [Dow Jones] Singapore shares may edge lower, choppy trade expected as regional indexes give bearish steer (Nikkei down 0.8), overshadowing Wall Street lead, which ended higher after volatile session (DJIA +0.9%). "The STI is going to lack direction in the near-term, on the one hand buyers are holding off while they wait to see the results of the U.S. bank stress tests in early May, but on the other we do see bargain-hunting when it pulls back," says trader at local brokerage. Keppel Corp. (BN4.SG) may be bright spot after 1Q09 results beat forecasts, but Keppel Land (K17.SG) likely lower on news of rights issue. STI closed +0.9% at 1859.98 yesterday; support tipped at this week's low of 1814, resistance tipped at 10-day moving average of 1876. (KIG)