FTSE STI closed 1,803.34, up 101.08 points or 5.90% with a total volume of 1.82b and a total value of S$1.66b. Total number of advance vs decline was 417 vs 107. Of the 30 component index stocks, all closed positive. The top 5 gainer component stocks were :-
1. JSH 500US$ +2.010
2. JMH 400US$ +1.180
3. Jardine C&C +1.160
4. UOB +0.680
5. KepCorp +0.590
US markets were up on the first day for 2QFY09 after several better than expected economic data. Asia bourses took the cue and opened mainly positive. As the day passed, buying momentum increased with investors snapping up blue chips in anticipation of G20 meetings starting today will produce some good measures to recover the global ailing economy. Nikkei closed +4.40% and HSI +7.41%. STI closed +5.90%, above the 1,800 level with Bank and Property stocks lead the rally.
