FTSE STI closed 2,307.61, up 47.84 points or +2.12% with a total volume of 1.28b and a total value of S$1.28b. Total number of advance vs decline was 296 vs 145. Of the 30 component index stocks, 23 closed positive, 6 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +1.140
2. CityDev +0.430
3. Jardine C&C +0.420
4. UOB +0.320
5. OCBC +0.230
The top 5 loser component stocks were :-
1. Wilmar -0.110
2. HKLand US$ -0.060
3. JSH 500US$ -0.040
4. Olam -0.020
5. SMRT -0.020
US markets were mixed yesterday night with both DJ and Nasdaq closed positive and S&P500 closed negative. Markets were cautious ahead of Alcoa's earnings. After market closed, Aloca reported a better than expected result. Asia markets were mainly positive or rebound from yesterday sold down in reaction to the better than expected Aloca's earnings. Nikkei closed -1.38% ( probably due the weak factory order number ), SSE closed +1.37% and HSI +0.39%. STI rebound with property stocks leading the rebounding after yesterday sold down due to news of Government wanted to tax sale of property. After clarification, market realized it didn't impact the property developers much and investors were snapping up the property counters. A positive European markets opening and DJ future also helped STI to regain the 2,300 level. Investors are awaiting for more earnings coming from US corporates.
