FTSE STI closed 1,863.49, up 44.29 points or 2.43% with a total volume of 1.51b and a total value of S$1.38b. Total number of advance vs decline was 287 vs 181. Of the 30 component stocks, 19 closed positive, 7 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. SIA +0.600
2. CityDev +0.350
3. KepCorp +0.340
4. DBS +0.300
4. Jardine C&C +0.300
4. F&N +0.300
The top 5 loser component stocks were :-
1. JMH 400US$ -0.740
2. JSH 500U$ -0.260
3. UOB -0.240
4. CapitaMall -0.170
5. HKLand US$ -0.080
Asia markets performed mixed in reaction to another big drop in US markets the night before. Nikkei closed 3.5% down, HSI closed 3.3% up and STI closed 2.43% up also. With ECB and BOE slashing interest rate yesterday night, markets didn't react in positive sentiment to it and main focus was shifting to how Obama going to rescue the ailing US economy. Markets also in cautious mode ahead of tonight US unemployment data. DBS announced its 3Q08 result missing market expectation and also declared a 6% job-cut in both Singapore and HongKong. STI initially reacted to that coupling with the big drop from US the night before with a gap down but soon reverse up in the afternoon. However, the reverse up could be due to short coming as there isn't much reason to support such a reversal. All eyes will be on tonight US unemployment data. Market is expecting unemployment rate of 6.3% with previous value of 6.1%.
