Singapore shares may take breather ahead of company results

Singapore share prices are expected to take a breather next week as investors wait for new leads from upcoming corporate earnings reports, dealers said.
"In the next two weeks, the first corporate results will come in, and that will provide the impetus for the markets to move upwards again when people have another look at the numbers," said DMG and Partners Securities senior dealing director Gabriel Yap.
For the week to July 6, the Straits Times Index closed at 3,561.96, up 13.76 points, or 0.39 percent, from the previous week. Average daily volume traded totalled 4.06 billion shares worth 2.39 billion Singapore dollars (1.57 billion US), compared with 4.05 billion shares valued at 2.77 billion dollars the week before.