FTSE STI closed 1,924.87, up 95.16 points or 5.20% with a total volume of 1.85b and a total value of S$1.57b. Total number of advance vs decline was 385 vs 130. Of the 30 component index stocks, 27 closed positive, 2 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +1.140
2. Jardine C&C +0.780
3. DBS +0.730
4. CityDev +0.650
5. KepCorp +0.520
The 2 loser component stocks were :-
1. SingTel -0.060
2. SPH -0.060
US markets rallied on Friday night triggered a strong buying interest in Asia bourses this morning. Nikkei reopened for the new year ended +2.07%. HSI +3.46% and SSE +3.29%. STI with most buying interest in the blue chip performed one of the best 1 day rally lately. STI is now at near the 1,930 long term reversal level. If the 1,930 level can turn from resistance to support, potentially STI will have an upside of about 2,000 level. However, there are several key economic data this week for US and given US stock markets have rallied up for last week already, there could be a short pull back due to profit taking.
