Singapore shares remain supported by brighter macro picture amid hopes that US interest rates to stay low for some time and Greece debt, China tightening worries manageable, reported Dow Jones Newswires.

The STI gained 0.3% at 2,923.74 at midday with resistance tipped at current 2010 intraday high of 2,947. “There’s a bit more comfort after the Fed meeting (earlier this week) that U.S. interest rates are not going to rise soon,” says a trader at local house.

“Rates will only rise if the economy is doing well, which would be good news in itself, and even then, rate increases should be gradual.”

Jardine companies, banks leading blue chip gains; Jardine Matheson (J36.SG) +2.1% at US$34.22, UOB (U11.SG) +1.9% at $19.62. But market breadth now tad negative with losers outnumbering gainers 181 to 166.