FTSE STI closed 2,363.60 up 4.69 points or 0.20% with a total volume of 1.152b and a total value of S$1.372b. Total number of advance vs decline was 251 vs 204. Of the 30 component stocks, 16 closed positive and 14 closed negative. The top 5 gainer component stocks were :-
1. JMH 400US$ +1.000
2. SIA +0.540
3. NOL +0.230
4. SGX +0.150
5. Yanlord +0.090
The top 5 loser component stocks were :-
1. CityDev -0.420
2. Jardine C&C -0.280
3. UOB -0.200
4. StarHub -0.140
5. KepCorp -0.130
5. HKLand US$ -0.130
STI opened in the positive region prior to US Senate passing of the bailout bill. Once the bill was passed, STI loose its gain and gone into negative region. Investors should be cautious towards Friday whereby the lower House of Representative will vote again on the revised bill that was passed by the Senate. STI managed to recover the early lose and close in the positive region with the help of HSI ability to close in the positive and Europe markets all opened in the green.
