STI +0.1% at 3,229.11, with gainers just pipping decliners 1.3 to 1. Volume remains moderate at 1.10 billion shares worth $1.13 billion. Gains modest despite confirmation of Fed’s commitment to drip-feed US economy, as STI's recent rally largely prices-in expected increase in liquidity flows, analysts told Dow Jones.

Attention now turns to next risk event: US non-farm payrolls tomorrow.

“If the non-farms come in worse-than-expected, then we may see a selloff (in overseas markets), so people are more cautious today," says an analyst at local house. But adds, Japan shares +2.2%, so caution has to be balanced against rest of region. “What we may see is some selling into strength later ahead of the long weekend.”

Singapore market shut Friday for public holiday. DBS (D05.SG) +0.7% at $14.20 after 3Q results, Cosco (F83.SG) +1.5% at $1.97 after 3Q earnings prompt some analyst upgrades. Medium-term resistance tipped at 3250, then 3,267.