Singapore share prices are expected to track newsflow from the US and overseas market performance next week, a dealer said Friday. Singapore stocks will be "featureless... unless there is anything new from the overseas markets," said Chan Tuck Sing, dealing director at UOB Kay Hian.
"The market is not going to go anywhere until there are more definite signs of a change in the macroeconomic conditions," said Chan. Concerns about the weakening US economy and how it will affect the rest of the region continued to loom large in investors' minds, analysts said.
Locally, conglomerate Keppel Corp is to release first-quarter earnings on Thursday. For the week ended April 18, the Straits Times Index closed at 3,124.87 points, down two points or 0.06 percent from the previous week. Average daily volume was 1.21 billion shares valued at 1.44 billion Singapore dollars (1.1 billion US), compared with 1.64 billion shares worth 1.72 billion Singapore dollars the week before.
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