FTSE STI closed 2,533.43, up 48.53 points or +1.95% with a total volume of 2.44b and a total value of S$2.13b. Total number of advance vs decline was 435 vs 131. Of the 30 component index stocks, 29 closed positive and 1 closed negative. The top 5 gainer component stocks were :-
1. JSH 500US$ +0.780
2. Jardine C&C +0.720
3. SGX +0.360
4. Wilmar +0.280
5. JMH 400US$ +0.220
5. DBS +0.220
The loser component stocks was :-
1. CityDev -0.020
US markets rallied yesterday night after a better than expected housing data with DJ finished above the 9,000 level and Nasdaq gained 12 days in a row. Asia bourses in reaction to the rally, traded positive for the day. Nikkei closed +1.55%, SSE +1.33% and HSI +0.83%. STI closed above the 2,500 level with high volume when investors buying into blue chips. Offshore/marine stocks were mostly higher today partly due to a good set of earnings from KepCorp yesterday and crude oil price advanced. However, cautious still remained as after market closed, Microsoft and Amazon did not post a better than expected earning and with markets running up for the week, profit taking might kick up while waiting for more corporates earnings next week.
