But gains fairly modest so far, reflecting investor caution ahead of long weekend (during which U.S. payrolls will be released), with Singapore markets shut tomorrow for public holiday; “I think we’ll probably get a little bit of a chance to take profit because the market has done very well recently and we’re going into a long weekend...that makes sentiment a little bit more jittery,” says analyst at local brokerage.
Adds reaction to Fed was always going to be muted as market’s recent rally mostly priced in QE2. DBS (D05.SG) last +0.7% after its 3Q net profit beats consensus, thanks to trading gains; Cosco (F83.SG) +2.0% at $1.98, after its 3Q results show 147% on-year rise in net profit. Medium-term hurdles for STI at 3250, then May 2008 peak at 3267.