FTSE STI closed 1,730.45, up 26.39 points or 1.55% with a total volume of 833M and a total value of S$719M. Total number of advance vs decline was 210 vs 167. Of the 30 component index stocks, 23 closed positive, 6 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.360
2. DBS +0.280
3. SIA +0.200
4. SGX +0.180
5. OCBC +0.150
The top 5 loser component stocks were :-
1. JMH 400US$ -0.880
2. HKLand US$ -0.070
3. ST Engg -0.060
4. KepLand -0.050
5. SPH -0.030
US markets firmed up yesterday night when the Senator failed to vote to blocked Obama's plan to used the remaining of the US$700b rescue fund. Asia bourses welcome the news with most of them closed in the positive region. Nikkei +2.58%, HSI +0.1% and SSE +1.78%. STI mainly pulled up by bank and property stocks. As there is no market for the US next Monday and Tuesday, US market might rally up tonight as a welcome for Obama officially becomes president on 20th Jan. STI did not go down below 1,680 at the moment and looks a good sign for a potential rebound next week.
