FTSE STI closed 1,774.76, up 34.42 points or 1.98% with a total volume of 935M and a total value of S$787M. Total number of advance vs decline was 233 vs 163. Of the 30 component stocks, 23 closed positive, 6 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.460
2. SGX +0.170
3. HKLand US$ +0.160
4. KepCorp +0.160
5. CityDev +0.120
The top 5 loser component stocks were :-
1. Jardine C&C -0.080
2. ST Engg -0.070
3. JMH 400US$ -0.060
4. SPH -0.030
5. JSH 500US$ -0.020
Asia bourses rallied this morning after Friday night US markets made a reversal after news that White House would tap into the US$700b financial rescue fund for the 3 automakers. However, no official confirmation was made as President Bush was not in US. Most markets came off their intra-day high as investors still cautious on the final outcome for the 3 automakers bailout deal. Investors also await US Fed decision on interest rate on 16th Dec 08.
