FTSE STI closed 2,074.35, up 45.64 points or 2.25% with a total volume of 3.09b and a total value of S$2.38b. Total number of advance vs decline was 383 vs 147. Of the 30 component index stocks, 25 closed positive, 3 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.780
2. SIA +0.500
3. DBS +0.360
4. JSH 500US$ +0.360
5. UOB +0.360
The 3 loser component stocks were :-
1. CityDev -0.130
2. ComfortDelGro -0.030
3. SPH -0.020
US markets rallied yesterday night due to a better than expected housing data and investors were relatively positive on the health of the banks in anticipation of the stress test result. Asia markets took the cue and opened firm up but subject to profit taking, all closed above intra-day high level. HSI closed +0.30% and SSE +0.29%. STI is the only Asia bourse who registered another strong rally up closing +2.25% with total volume of more than 3b transacted; first time this year to hit over the 3b mark. Bank, offshore/marine and commodity stocks were being bought up.
