FTSE STI closed 2,317.95, up 15.49 points or 0.67% with a total volume of 1.49b and a total value of S$1.39b. Total number of advance vs decline was 247 vs 203. Of the 30 component index stocks, 22 closed positive, 3 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.460
2. Jardine C&C +0.300
3. JSH 500US$ +0.220
4. KepCorp +0.210
5. Olam +0.140
The 3 loser component stocks were :-
1. UOB -0.200
2. Capitaland -0.020
3. GoldenAgr -0.005
US market rallied yesterday night with at least 2% after a better than expected GDP figure of -5.5% as compared with expectation of -5.7% despite consumer spending came short of expectation. Asia bourses cheered by the rally with indices trading in the positive region throughout the day. Nikkei closed +0.83%, SSE +0.11% and HSI +1.78%. STI was up 0.67% in a thin volume trading day with investors snapping up the blue chips. Investors will be looking at tonight US Personal Income/Outlays data for further direction of the US economy.
