FTSE STI closed 2,659.20, up 23.01 points or +0.87% with a total volume of 2.84b and a total value of S$2.48. Total number of advance vs decline was 350 vs 233. Of the 30 component index stocks, 22 closed positive, 5 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +1.100
2. Wilmar +0.150
3. JSH 500US$ +0.140
4. KepCorp +0.110
5. JMH 400US$ +0.100
5. DBS +0.100
5. SingTel +0.100
The top 5 loser component stocks were :-
1. Capitaland -0.170
2. Cosco -0.020
3. SIA -0.020
4. SembCorp -0.010
5. SIA Engg -0.010
US markets moved up yesterday night after series of positive corporate earnings. Asia bourses took the momentum and traded in positive region. Nikkei closed +1.89%, SSE +2.73% and HSI +1.68%. STI were in positive region until when European markets opened weak that caused it to swing into negative region. However, possible funds window dressing for end of the month pushed the index up to close +23 points with bank stocks leading the rebound. Next week the 3 local banks will roll out their earnings and this should be the main focus for the play.
