FTSE STI closed 2,622.69, up 24.33 points or +0.94% with a total volume of 2.79b and a total value of S$1.75b. Total number of advance vs decline was 308 vs 224. Of the 30 component index stocks, 22 closed positive, 7 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.220
2. CityDev +0.200
3. Jardine C&C +0.200
4. OCBC +0.160
5. SIA +0.120
The top 5 loser component stocks were :-
1. JSH 500US$ -0.320
2. KepCorp -0.080
3. CapitaMall -0.050
4. SGX -0.030
5. StarHub -0.020
5. SIA Engg -0.020
US markets recovered from the drops past day and closed positive after a better than expected retail sales data. Asia bourses were mostly traded in the positive region except Nikkei which eventually closed in the negative of -0.27% mainly due to nervous in the new leadership to select his cabinet ministers which happened over this weekend. Markets were relatively flat until after 3pm when news of China increases its QDII limit that caused HSI to suddenly rally up to close +2.82% while SSE closed +0.58%. STI tracking the suddenly rally of HSI also reversed earlier loss and coupling with positive opening on Europe side, closed at day high of +0.94% with SingTel leading the movement up. Investors will be looking at tonight US unemployment rate. The previous reading was 9.4%.
