FTSE STI closed 1,798.95, up 19.66 points or 1.11% with a total volume of 891M and a total value of S$832M. Total number of advance vs decline was 207 vs 169. Of the 30 component stocks, 22 closed positive and 8 closed negative. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.780
2. JSH 500US$ +0.560
3. SIA +0.480
4. Capitaland +0.230
5. CityDev +0.180
The top 5 loser component stocks were :-
1. UOB -0.200
2. Wilmar -0.030
3. SPH -0.030
4. DBS -0.020
4. HKLand US$ -0.020
4. Gen Int -0.020
US markets pull back yesterday night after the effect of Fed rate cut wore off. Asia bourses mostly opened lower this morning but soon manage to reverse the selling down due to bargain hunting and all Asia bourses managed to close positive for the day. Nikkei +0.64%, HSI +0.24% and SSE +1.97%. For STI, property counters were holding up well whereas bank counters still under selling pressure. Markets basically moving sideway for the time being.
