Singapore shares rebound after early fall as appetite for higher-risk assets intact. STI +0.4% at 3312.08 midday vs morning low of 3289.04 (down 0.3%).“We are of the view that there is more upside to come. However, risk related assets across the board are leaning hard into overbought territory, which means heightened odds of a pullback or at least a consolidation, after a bit more of a run,” says Phillip Securities analyst Phua Ming-Weii; tips near-term resistance at 3335-3350 region. 

Among blue chips, Wilmar (F34.SG) +2.4% at $6.89, Keppel Corp. (BN4.SG) +1.5% at $10.66, SembMarine (S51.SG) +3.5% at $5.10. NOL (N03.SG) off 1.7% at $2.28 on data showing lower freight rates, volume. Keppel Land (K17.SG) off 3.7% at $4.88 after plan to sell $500 million worth of convertible bonds for acquisitions, refinancing.