FTSE STI closed 1,828.51, up 44.55 points or 2.50% with a total volume of 1.64b and a total value of S$1.17b. Total number of advance vs decline was 364 vs 125. Of the 30 component index stocks, 23 closed positive, 6 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. SIA +0.480
2. DBS +0.410
3. UOB +0.380
4. KepCorp +0.200
5. SembMar +0.180
The top 5 loser component stocks were :-
1. JSH 500US$ -0.260
2. JMH 400US$ -0.100
3. Jardine C&C -0.080
4. F&N -0.040
5. SMRT -0.020
US markets firmed up yesterday night despite the worse than expected earnings from Alcoa and coupled with Japan new stimulus package, Asia bourses traded up for the day. Nikkei closed +3.74%, HSI +2.95% and SSE +1.38%. STI closed +2.50% with Bank, Property, Commodity and Offshore/Marine counters rebound from yesterday drop. Investors are snapping up bargain blue chips despite the long weekend ahead and several US economic data like International Trade and Jobless Claims
