Renewed Selling Pressure Likely For Singapore Stock Market

$DBS (D05.SG)$ $OCBC Bank (O39.SG)$ $SGX (S68.SG)$ $FTSE Singapore Straits Time Index (.STI.SG)$
The global forecast for the Asian markets is mixed to lower, with profit taking expected after solid gains a day earlier - especially among the technology shares. The European and U.S. markets were mixed and the Asian bourses are likely to follow suit.

The STI finished modestly higher on Thursday following gains from the financial shares and industrials (clink here to read more), while the properties were mixed.

Among the actives, CapitaLand Investment plummeted 4.39 percent, City Developments dipped 0.12 percent, Comfort DelGro and DBS Group both added 0.69 percent, Genting Singapore jumped 1.21 percent, Oversea-Chinese Banking Corporation collected 0.73 percent, SATS rose 0.49 percent, SembCorp Industries advanced 0.93 percent, Singapore Technologies Engineering lost 0.49 percent, SingTel slumped 1.13 percent, Yangzijiang Financial tumbled 1.27 percent, Yangzijiang Shipbuilding surged 2.63 percent and Singapore Exchange, Hongkong Land and DFI Retail were unchanged.