Singapore shares in broad-based advance, drawing strength from rally on Wall Street; STI +0.7% at 3,101.62, with resistance expected at higher end of 3,085-3,146 breakdown gap formed in June 2008, according to Dow Jones.

“Currently the short, intermediate and secular (long term) trends are all positive” for STI, says Phillip Securities analyst Phua Ming-Weii; “the STI and Asia in general continue to display a good bit of strength relative to the S&P 500.”

Market breadth at 7.5 gainers for every decliner. Noble Group (N21.SG) top percentage gainer among STI components, +5.6% at $1.89, on optimism over commodities supplier’s purchase of Sempra Energy Solutions. Small caps actively traded, led by Transcu Group (E15.SG) last +3.9% at $0.135, Kreuz Holdings (5RK.SG) +5.3% at $0.50, Spice i2i (M09.SG) +3.9% at $0.135.