FTSE STI closed 2,329.08, up 36.11 points or 1.58% with a total volume of 3.00b and a total value of S$2.64b. Total number of advance vs decline was 457 vs 166. Of the 30 component index stocks, 21 closed positive, 8 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.800
2. JSH 500US$ +0.580
3. CityDev +0.410
4. Wilmar +0.240
5. DBS +0.200
The top 5 loser component stocks were :-
1. F&N -0.070
2. KepCorp -0.070
3. UOB -0.060
4. SIA -0.060
5. StarHub -0.050
US markets rallied at least 1% yesterday night with positive economic data. Asia bourse reacted positively with all trading positive for the day. Nikkei closed +0.75%, SSE +1.71% and HSI +1.60%. STI closed above the 2,300 level with investors or possible funds snapping up the blue chips for a month end window dressing. There will be US 1Q09 GDP announcement tonight and the fate of GM for investors to worry about.
