STI +0.5% at 3,198.07, roughly in middle of intraday 3,190-3,213 band, lingering around 3,200 mark from where analysts say more upside likely hard fought.

“Given that December is typically a quiet month, (U.S.) non-farm payrolls are coming out this Friday, and we already have people closing their books for the year, we’ll probably run into some resistance above 3200,” says analyst at local house.

Adds, market remains wary, as euro-zone debt issues don’t look like going away any time soon. 3,220 October high likely next STI cap.

Banks mixed with UOB (U11.SG), OCBC (O39.SG) both off 0.1%, DBS (D05.SG) +0.4% at $14.08.

Developers, REITS mostly higher: CapitaLand (C31.SG) +0.8% at $3.69, CapitaMall Trust (C38U.SG) +2.6% at $1.96, though CityDev (C09.SG) off 1.3% at $12.46.