Gains across Asian markets likely to help Singapore shares close on positive note, though softer US stock futures suggest upside from current levels should be limited, says Dow Jones.

STI +0.3% at 2,993.16 vs 3,013.21 morning high, may close below 3,000. Market breadth continues to narrow at under 2 gainers for every decliner vs 5 for 1 in early trade.

“People are not willing to go big at this point in time. The U.S. rally overnight could very well be a blip if the nonfarm payrolls report disappoints. It’s better to err on the side of caution,” says a local house trader.

Overall volume modest at about 1.20 billion shares worth $1.13 billion vs yesterday’s 1.66 billion worth $1.59 billion. Genting Singapore (G13.SG) top percentage decliner among STI components, off 2.2% at $1.76, on profit taking after early run-up to new $1.83 52-week high. Notable gainers include CapitaMalls Asia (JS8.SG), +2.4% at $2.16, Jardine C&C (C07.SG), +3.8% at $34.44.