Singapore stocks flat at midday after choppy morning performance as buying activity tempered by renewed concerns over sovereign debt woes in Europe, reports Dow Jones.

The STI is flat at 2,886.04 (off 0.01%) after drifting in tight 2,878-2,897 band. Immediate resistance at 2,900, support at 2,850. Market breadth tad negative while volume lighter than yesterday’s midday level of 1 billion shares at 678.2 million, still driven mainly by small caps.

“There’s not much to be made from the market these days. Technically, prices are also looking a bit toppish, so people are a bit cautious,” says a dealer at a bank-backed brokerage.

Among blue chips, banks and developers mixed, rig builders and dividend plays higher, Singapore Exchange (S68.SG) lower. Tech stocks remain strong, with FTSE ST Technology Index +2.0%.