FTSE STI closed 2,484.90, up 34.07 points or +1.39% with a total volume of 2.09b and total value of S$1.73b. Total number of advance vs decline was 414 vs 135. Of the 30 component index stocks, 22 closed positive, 6 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.640
2. UOB +0.400
3. CityDev +0.390
4. SGX +0.370
5. KepCorp +0.330
The top 5 loser component stocks were :-
1. JMH 400US$ -0.400
2. SIA -0.180
3. Wilmar -0.130
4. SPH -0.050
5. SingTel -0.040
US markets closed mixed yesterday night with bank stocks under selling pressure after Morgan Stanley reported a loss in its earning while technology stocks advanced with positive result from Apple. Asia bourses after yesterday selling down and with US markets closing mixed, investors coming in to snap up yesterday battled down blue chips and Asia bourses posted positive closing. Nikkei closed +0.72%, SSE +0.97% and HSI +2.96%. STI advanced +1.39% with total volume of more than 2 billion with bank, property and offshore/marine stocks leading the rally. After market closed, KepCorp announced a positive result and this could rally offshore/marine stocks further tomorrow.
