STI was up 0.42%, or 12.40 points, at 2,982.78 by midday

Singapore shares rose for a second-straight session as Asian markets gained on signs Greece would avoid a messy default, and an upbeat outlook for palm oil prices lifted firms such as Golden Agri-Resources.

Golden Agri was the top gainer on the benchmark Straits Times Index, on expectations it will benefit from higher crude palm oil prices.

By 1:00p.m., the Straits Times Index was up 0.42%, or 12.40 points, at 2,982.78. The index is little changed over the last one week, but is up 13% so far this year.