SINGAPORE (June 30): The Singapore market is in positive territory at noon, storming past pre-Brexit levels on widespread gains across sectors.

At 12.01pm, the benchmark Straits Times Index was up 1.78%, or 49.79 points, to 2,842.52. In the broader market, 845 million shares were traded, giving a value of $970 million. There were two gainers for every loser.

Noble Group led the most actives, rising 7.4% to 18.9 cents with 142 million shares traded. Annica was second with 110.8 million shares changing hands. Banks DBS and OCBC were also among the actives.

Bank stocks were among the biggest gainers. UOB rose 2.6% to $18.42, DBS rose 1.8% to $15.81 while OCBC Bank rose 2% to $8.66. Singapore Exchange also climbed 2% to $7.60 while SIA rose 1.6% to $10.71. Rigbuilders Keppel rose 2% to $5.52 while Sembcorp Marine rose 1.9% to $1.575.

Stocks of Jardine Cycle & Carriage, Jardine Matheson and Jardine Strategic rose between 0.6% and 2.7% to $36.45, US$58.25 and US$29.99 respectively. The price moves are likely due to volatility associated with Britain’s decision to leave the European Union, since Jardine companies are also listed in London. Indonesian lawmakers on Tuesday also passed a new tax amnesty Bill aimed at encouraging wealthy citizens with billions of dollars in assets abroad to come clean with the taxman.

Civmec rose 1.3% to 38.5 cents. The oil & gas and civil engineering company said it won a total of A$50 million ($50.1 million) in new contracts for major infrastructure projects in New South Wales, Australia.

Manhattan Resources rose 9.2% to 11.9 cents. The company said it completed the acquisition of a majority stake in PT Kariangau Power (PT KP) for $48.2 million after obtaining shareholders’ approval at an Extraordinary Meeting held on Wednesday.