Singapore stocks remain in demand, underpinned by gains across Asian markets after Wall Street's overnight rally, says Dow Jones.

STI +0.7% at 3,183.32 midday, faces immediate resistance at 3,200. Gainers outnumber decliners by more than 2 to 1 in broad market, with overall volume moderate.

“The market is holding up well. The underlying trend is definitely positive in the near term. If the third-quarter earnings come in above expectations and guidance is bullish, we could be looking at another strong month,” says dealer at local brokerage.

Key gainers among blue chips include Sembcorp Marine (S51.SG), +4.1% at $4.29, NOL (N03.SG), +3.5% at $2.10, Hongkong Land (H78.SG), +2.3% at US$6.57.