Singapore shares extending gains in late trade, drawing strength from advance in HK market, firm US stock futures, early gains in European bourses.

STI +1.0% at 3,175.85 vs flat at 3,143.77 midday; immediate resistance at 3,187 (Nov 23 high). Market breadth at more than 1.5 gainers for every decliner. Still, participation level low as volume so far only tad more than 1 billion shares.

“Prices going up on low volume may mean a lot of people still have reservations about entering the market,” says dealer at local brokerage. Among blue chips, top gainers include Singapore Airlines (C6L.SG), +3.2% at $15.92, Jardine Matheson (J36.SG), +4.0% at US$44.98 ($59.1), Fraser & Neave (F99.SG), +2.5% at $6.16.