FTSE STI closed 2,076.35, up 128.02 points or 6.57% with a total volume of 1.594b and a total value of S$1.617b. Total number of advance vs decline was 295 vs 251. Of the 30 component stocks only 1 of them closed negative while the remaining 29 all closed in the positive. The only loser component stock was :-
1. Jardine C&C -0.020
The top 5 gainer component stocks were :-
1. JMH 400US$ +1.500
2. UOB +0.900
3. DBS +0.860
4. CityDev +0.720
5. JSH 500US$ +0.700
Even though US markets closing mixed ( DJI down, Nasdaq up ) last Friday, asian bourses were up today mainly due to the outcome of the EU leaders meeting over the weekend to assure that they will guarantee bank and other lender deposits till end of 2009 and Australia Government did that for next 3 years. US Government is also moving in quickly to resolve any financial crunch issue. The global coordinated efforts lifted the market sentiment, calm the market and allow bargin hunters to come back to the equity market. Asia bourses mostly closed at least 5% up and in early European markets opened with at least 5% upside. Investors will be looking towards US markets tonight for US Government actions and will the US markets be able to stage a strong rebound. This will further firm up global markets.
