Positive Wall Street cues, easing concerns over Greece’s debt situation lift Singapore shares, pushing STI closer to 3,000, which may provide resistance. Index last +0.8% at 2,982.15 at 9:29 a.m., says Dow Jones.

The gains are broad-based, with all FTSE ST sub-indexes positive, market breadth at 7 gainers for each decliner. “Momentum seems to have picked up, with investors less worried about Europe’s debt problems. The STI may even clear 3,000 next week if the Singapore banks deliver good results,” says a trader ata  local brokerage.

All three banks due to announce 1Q10 earnings next week. Having underperformed most other blue chips so far this year, banks may catch up if results better than expected, in turn driving up STI. Among STI components, Genting Singapore remains top percentage gainer, +3.2% at 97 cents on follow-through buying fuelled by recent bullish broker reports.