FTSE STI closed 1,821.70, up 67.12 points or 3.83% with a total volume of 1.78b and a total value of S$1.53b. Total number of advance vs decline 350 vs 152. Of the 30 component stocks, 25 closed positive and 5 closed negative. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.860
2. KepCorp +0.450
3. DBS +0.420
4. JSH 500US$ +0.400
5. SGX +0.350
The 5 loser component stocks were :-
1. SPH -0.080
2. Yanlord -0.060
3. F&N -0.030
4. SIA -0.020
5. SIA Engg -0.010
Despite yesterday US markets fell, Asia bourses still able to maintain the previous gain when opened. As the days passed, news of the US automakers US$15b bailout deal reached brought cheers to the markets and all rally with HSI closed +5.59%, Nikkei +3.14%, SSE +2.03% and STI +3.83%. Bank stocks were leading the rally followed by Property, Offshore/Marine and Commodity. Investors will be awaiting for today the finalized outcome of the automaker bailout plan.
