Tuesday, January 12, 2010

STI stays flat, may have gone ahead of fundamentals, says AmFraser

 
 

Sent to you by MarcG via Google Reader:

 
 

via The Edge Singapore RSS Feed by The Edge on 1/11/10

Singapore shares are lacking firm direction as investors digest good year-to-date gains, while awaiting further clues on the scope of corporate profits recovery from the upcoming earnings season.

The STI stayed flat at 2,934.15 midday having traded in narrow range of 2,922–2,942 during morning session. Support is tipped at 2,900 with resistance at yesterday's high of 2,947.

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