FTSE STI closed 1,666.49 up 66.21 points or 4.14% with a total volume of 1.49b and a total value of S$1.44b. Total number of advance vs decline was 205 vs 364. Of the 30 component stocks, 22 closed in the positive, 7 closed in the negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.660
2. KepCorp +0.400
3. SingTel +0.350
4. SGX +0.310
5. SembCorp +0.300
The top 5 loser component stocks were :-
1. JMH 400US$ -1.440
2. Jardine C&C -0.770
3. JSH 500US$ -0.660
4. StarHub -0.150
5. HKLand US$ -0.100
STI market started off with a selling down probably catching up on yesterday massive selling from Asia market and a negative closed from US markets the night before. Note US markets were doing fine until the last hour when funds started to dump which ended US markets closed down. Later the day, Nikkei and HSI managed to recover whatever were lost yesterday and this improved the sentiment of STI which also recovered to close up at least 4%. Markets in general are looking towards US Federal Reserve of a possible rate cut this coming Wednesday.
