FTSE STI closed 3,163.68, up 33.23 points or +1.06% with a total volume of 1.32b and a total value of S$1.77b. Total number of advance vs decline was 284 vs 161. Of the 30 component index stocks, 24 closed positive, 3 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +1.180
2. UOB +0.480
3. SIA +0.400
4. CityDev +0.320
5. DBS +0.280
The 3 loser component stocks were :-
1. JMH 400US$ -1.540
2. JSH 500US$ -0.740
3. Genting SP -0.070
US markets recovered from earlier lost to closed positive yesterday night with a better than expected jobless claim and retail sales data showing economy still growing offset the fear of Greece's debt. Asian bourses were mixed for the day. Nikkei closed -0.70%, SSE +0.95% ( despite yesterday China raise bank reserve ratio by another 50 basis point ) and HSI +0.88%. STI gap up on open and traded in positive region throughout as bargain hunting came in snap up the blue chips after yesterday sharp sold down. Bank and property stocks leading the rebound. 24 of the 30 component stocks registered a positive close allowing STI to close +1.06%.
