FTSE STI closed 1,887.25, up 12.40 points or 0.66% with a total volume of 1.6b and a total value of S$1.23b. Total number of advance vs decline was 140 vs 370. Of the 30 component index stocks, 13 closed positive, 12 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +4.160
2. SIA +0.080
3. F&N +0.070
4. DBS +0.050
5. Jardine C&C +0.040
5. SPH +0.040
The top 5 loser component stocks were :-
1. JSH 500 US$ -0.500
2. KepCorp -0.090
3. SGX -0.080
4. Capitaland -0.050
5. SingTel -0.040
5. CityDev -0.040
5. Olam -0.040
US markets fell at least 3% yesterday night when BoA earnings bring concern on troubled loan despite the news of Orcale acquired Sun Microsystems. IBM also reported a slightly below expectation result. Asia bourses reacted to the fell with all opened down but managed to close above their respective intra-day low due to bargain hunting. Nikkei closed -2.4%, HSI -2.95% and SSE -0.85%. STI fell to an intra-day low of 1,813.90 but recover from the loss and managed to close +12.40 points due to heavy component index stocks jump up on close. JMH, SIA, DBS and UOB are those pulled the index up on closed.
