FTSE STI closed 2,559.57, up 36.79 points or +1.46% with a total volume of 2.35b and a total value of S$1.61b. Total number of advance vs decline was 357 vs 140. Of the 30 component index stocks, 26 closed positive, 3 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +1.300
2. JMH 400US$ +0.680
3. JSH 500US$ +0.620
4. CityDev +0.280
5. UOB +0.240
The 3 loser component stocks were :-
1. SingTel -0.010
2. SMRT -0.010
3. SIA Engg -0.010
US markets ignored a 4.3% drop in SSE yesterday night when report on oil demand was demanding to close almost +0.7%. Asia bourses following the cue also started the day in positive region. SSE also managed to recover yesterday drop of 4.3% to close +4.52% and that lifted the sentiment of Asia bourses which recovered yesterday losses mostly. Nikkei closed +1.76%, SSE +4.52% and HSI +1.88%. STI with the rebound of SSE, investors snapping up battled down blue chips and pushed the index to close +1.46% with majority of the component stocks closing in the positive region. Investors will be looking at tonight US Jobless Claims to see whether the rebound could be sustainable or not. With crude oil price up, the rebound could be lead by offshore/marine stocks.
