FTSE STI closed 1,820.87, up 17.53 points or 0.97% with a total volume of 1.84b and a total value of S$1.62b. Total number of advance vs decline was 294 vs 194. Of the 30 component index stocks, 17 closed positive, 12 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +1.300
2. CityDev +0.280
3. SGX +0.280
4. UOB +0.200
5. NOL +0.130
The top 5 loser component stocks were :-
1. JSH 500US$ -0.220
2. SembCorp -0.060
3. SingTel -0.050
4. F&N -0.040
5. SMRT -0.030
5. NobleGrp -0.030
US markets rally yesterday night and this further gave Asia bourses a slightly more bullish sentiment despite it is a Friday. Nikkei closed +0.35%, HSI +0.16% and SSE -0.23%. STI closed +0.97% despite some profit taking, the fall in price still well supported by investors snapping up blue chips. Bank and Property stocks lead the charge. Tonight US will be released its unemployment figure. Investors will be looking at that data and also any further measures from the G20 summit to save the ailing global economy.
