Singapore shares off highs as investors take breather. STI +0.4% at 2,978.51 midday vs +0.8% at 2,991.49 earlier, suggesting index likely to close below 3,000, says Dow Jones.

“The trend is still up, and the STI is likely to remain a buy on dips, in particular as risk appetite is returning,” says Phillip Securities. Market breadth almost flat vs five gainers for every decliner in early trade, with volume modest at 814.1 million shares worth $787.1 million, dominated by Top Global (519.SG), flat at $0.02, Genting Singapore (G13.SG), +0.8% at $1.25, China Hongxing Sports (BR9.SG), +7.1% at $0.15.

Notable gainers among blue chips include SIA (C6L.SG), +1.6% at $15.00, Keppel Corp. (BN4.SG), +2.0% at $9.16, Fraser & Neave (F99.SG), +1.6% at $5.76.