FTSE STI closed 2,612.33, up 67.47 points or +2.65% with a total volume of 2.87b and a total value of S$1.98b. Total number of advance vs decline was 472 vs 96. Of the 30 component index stocks, 28 closed positive and 2 closed negative. The top 5 gainer component stocks were :-
1. Jardine C&C +0.880
2. UOB +0.540
3. JMH 400US$ +0.500
4. CityDev +0.360
5. Wilmar +0.330
The 2 loser component stocks were :-
1. StarHub -0.030
2. SIA Engg -0.010
US markets up at least 1.5% after positive comment from US Federal Reserve Chief about the economy and Asia bourses got the boast and opened in positive region for the day. Nikkei closed +3.35%, SSE +1.10% and HSI +1.67%. STI opened near the 2,600 level and never look back closed above it with a +2.65% gain with board market buying up. Investors are looking at couple of economy data in US especially the 2Q GDP figure for further confirmation of direction.
