Sentiment on Singapore bourse supported by Asia-wide advance, with small caps again driving volume, according to Dow Jones.

STI +0.3% at 3,077.78 midday, expected to hold below 3,100 for rest of session.

“The STI’s trend is still positive, but shorter-term price action shows a shrinking average range. A minor pullback would still be normal at this point given that broader markets are also consolidating,” says Phillip Securities.

Market breadth only slightly positive vs almost 2 gainers for every decliner in early trade.

Volume above-average at 1.03 billion shares worth $811.1 million, with 9 out of top 10 most active stocks under $1.00, including Equation Corp. (532.SG), +8.3% at $0.065, Genting Hong Kong (S21.SG), +1.0% at US$0.52, Biosensors (B20.SG), +14.3% at $0.96, China Energy (A0G.SG), +16.1% at $0.18, SunVic Chemical (A7S.SG), +2.4% at $0.425.