FTSE STI closed 1,630.69, up 35.75 points or 2.24% with a total volume of 769M and a total value of S$730M. Total number of advance vs decline was 199 vs 181. Of the 30 component index stocks, 24 closed positive, 5 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. SIA +0.180
2. OCBC +0.160
3. CityDev +0.140
4. ST Engg +0.130
5. UOB +0.120
The 5 loser component stocks were :-
1. JSH 500US$ -0.150
2. Jardine C&C -0.140
3. JMH 400US$ -0.060
4. SIA Engg -0.030
5. Cosco -0.005
US markets continued the slide last Friday but closed off intra-day low when Obama's administration came out to rebuted the rumor of nationalization of the US banks. Asia bourses mostly opened weak this morning but soon gained momentum in the later part of the day as investors came back for bargin hunting. Nikkei closed -0.54%, HSI +3.75% and SSE +1.96%. STI reclaimed the 1,600 support level with Bank, Property, Comodity, Offshore Marine, SIA and SingTel leading the rebound.
