Singapore shares may trade without direction

Singapore shares are likely to trade in line with their regional peers but without clear direction, dealers said. United States stock markets were closed on Friday for the Independence Day holiday, leaving Asian bourses to provide the leads, dealers said.
A trader with a foreign brokerage urged investors to hold back, saying the market is likely to remain non-direction. "There's still plenty of time," the dealer said. For the week ended July 4, the Straits Times Index closed at 2,892.54, down 63.37 points or 2.14 percent from the previous week.
Average daily volume was 1.02 billion shares worth 1.23 billion Singapore dollars (904 million US), compared with 1.05 billion shares worth 1.30 billion dollars the week before.