FTSE STI closed 1,939.22, up 60.71 points or 3.23% with a total volume of 1.1b and a total value of S$1.15b. Total number of advance vs decline was 272 vs 224. Of the 30 component stocks, 24 closed positive, 5 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.840
2. Jardine C&C +0.640
3. CityDev +0.560
4. JSH 500US$ +0.500
5. JMH 400US$ +0.420
The 5 loser component stocks were :-
1. KepCorp -0.250
2. HKLand US$ -0.100
3. SembMar -0.090
4. ST Engg -0.030
5. Noble -0.005
STI was inline with other Asia bourses which rebound from last Friday drop. Even though sentiment has improved but investors still very cautious waiting for US corporates' earnings for any fresh lead. Offshore and Marine stocks were under heavy selling pressure due to possible of lack of orders looking ahead and also on weak crude oil price. STI has managed to reclaim the 1,900 level but whether can sustain that will have to see the next few trading sessions as trading volume wasn't high to justify that 1,900 is a good support.
