Singapore shares to be range-bound

Singapore share prices are expected to be range-bound next week in the absence of fresh trading leads, dealers said. The arrival of more than 16,000 delegates for the International Monetary Fund and World Bank annual meetings is expected to boost the city-state's services sector but this has already been factored in by market players, they said.
The joint IMF and Bank gathering will be from September 19-20 and will be preceded by a series of seminars.
It will be attended by finance chiefs and central bank governors from 184 member countries as well as the world's top corporate executives.
"People who want to trade on the IMF (theme) would already be in the market by now," a dealer with a local brokerage said.