Gains across Asian markets keeping shares in Singapore above water, lifting even recently-bruised property stocks, says Dow Jones.

Gainers outnumber decliners 2.6 to 1 in broad market. STI +0.8% at 2,973.06 midday, just off morning peak of 2,981, highest intraday level in 3 weeks.

“We should see 3,000 soon, with an even chance of (this) year’s high of 3,043 being tested as well,” says AmFraser Securities strategist Najeeb Jarhom, but notes uncertainties over US economy still linger, “if the Obama Administration acts late in packaging fresh stimulus measures, Wall Street may come under pressure again by October or November, and the STI could pull back” to 2,800-2,900 after testing 3,000-3,043.

Among component stocks, notable gainers include Genting Singapore (G13.SG), +3.0% at $1.74, Jardine C&C (C07.SG), +2.5% at $33.32, ST Engineering (S63.SG), +2.2% at $3.27. Among developers, CityDev (C09.SG) +1.5% at $11.10, Hongkong Land (H78.SG) +2.1% at US$5.48 ($7.4).