Singapore shares remain in positive territory as investors lured back by Wall Street’s advance, but buying activity not widespread as volume light at 876.2 million shares, reported Dow Jones Newswires.

The STI is up 0.8% at 7-week high of 2,861.43 midday; resistance expected at 2,890 (Jan 21 high). Market breadth at two gainers for every decliner, with all FTSE ST sub-indexes higher.

“We see that there is more reason for the market to be trading upwards,” says SIAS Research, citing technical indicators, “we might see more upside as long as the (STI) stays above 2,830.”

Notable gainers among STI stocks include Singapore Airlines (C6L.SG), +2.5% at $15.78, NOL (N03.SG), +2.1% at $1.99, Genting Singapore (G13.SG), +2.7% at $0.94, Golden Agri-Resources (E5H.SG), +5.4% at $0.59.