Singapore stocks in broad-based advance following gains in US market, says Dow Jones.

Gainers outnumbering decliners 5 to 1, with STI +0.7% at 2,988.93. Immediate resistance for index at 3,000.

“There’s a bit of momentum in the market, but it’s too early to say if this can carry through. We need more upbeat economic data and corporate results to sustain interest,” says trader at a local house.

Apart from Genting Singapore (G13.SG), remaining top 10 most active stocks in market mainly small caps, including SunVic Chemical (A7S.SG), +4.7% at $0.335, Informatics (I03.SG), +5.0% at $0.105, KLW Holdings (504.SG), +100.0% at $0.01, Abterra (H24.SG), flat at $0.045. Genting +0.8% at $1.25. Among blue chips, Fraser & Neave (F99.SG) +3.0% at $5.84 on entry of Japan’s Kirin Holdings (2503.TO) as new shareholder.