The Straits Times Index surged 38.77 points to 2,255.54. Volume was 722.00 million shares valued at 860 million Singapore dollars (509 million US), up from 675 million shares worth 910 million dollars on Monday. The Singapore market was closed for a public holiday on Tuesday.
Gainers outpaced losers 348 to 160 with 1,013 stocks unchanged.
UOB Kay Hian dealing director Chan Tuck Sing said investors were playing catch-up with other regional bourses after Tuesday's public holiday. Chan said the main index's rebound may continue for a while after its recent sharp pullback.
"The index has found some support at 2,200 so it may actually continue a little bit more. We should see some resistance at around 2,270 points," he said.
The market will be closed Thursday for another holiday, with trading resuming on Friday.
DBS Group Holdings and United Overseas Bank (UOB) led the index gains. DBS, Southeast Asia's biggest lender, rose 30 cents to 15.60 while rival UOB gained 40 cents to 14.20. Oversea-Chinese Banking Corp added five cents to 6.35. Neptune Orient Lines Ltd (NOL) advanced 26 cents to 3.30 after the shipping giant reported its net profit for the third quarter to September rose six percent year-on-year.
Among blue chip counters, Singapore Telecommunications gained four cents to 2.37, Singapore Press Holdings climbed two cents to 4.50, Singapore Airlines jumped 20 cents to 11.40 and ST Engineering finished two cents higher at 2.57.
Among technology stocks, Creative Technology improved 10 cents to 12.40, Chartered Semiconductor gained two cents to 1.07 and Venture advanced 10 cents to 12.60.
Property stocks were flat to higher, with City Developments unchanged at 8.80 while CapitaLand rose eight cents to 3.26 and Keppel Land added 12 cents to 3.94.