STI +0.1% at 3,219.06, rising along with regional bourses after Wall Street’s rally Thursday on easing euro-zone debt worries.

Gains broad-based with around 4 risers for every decliner on SGX; but analyst at local brokerage says market may not go much higher.

“We’ll probably see some light profit-taking towards the end of the day before the weekend, that’s pretty common. The market is still a little bit uneasy with staying above the 3,200-3,300 range.”

Adds, many market watchers still have year-end STI targets around current levels, “and unless we see a great improvement in fundamentals, it could be quite tough for us to set new (higher) targets in the near term.”

Palm stocks mostly up after being beaten down Thursday on China food price control fears; rig builders also gaining; Genting Singapore (G13.SG) most active, +2.0% at $2.09. 3,240 as likely cap for STI near term.