FTSE STI closed 2,651.13, up 18.82 points or +0.72% with a total volume of 1.78b and a total value of S$1.66b. Total number of advance vs decline was 286 vs 207. Of the 30 component index stocks, 21 closed positive, 5 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.360
2. JSH 500US$ +0.260
3. HKLand US$ +0.180
4. DBS +0.140
5. KepCorp +0.120
The top 5 loser component stocks were :-
1. JMH 400US$ -0.520
2. SingTel -0.040
3. NOL -0.030
4. SembCorp -0.010
5. SGX -0.010
US markets rallied at least 2% after GDP figure indicated a +3.5% for 3Q, unofficially US out of recession. Asia bourses took the cue and traded in the positive region for the day following US rebound. Nikkei closed +1.45%, SSE +1.20% and HSI +2.29%. STI following other regional bourses was traded in positive region however soon parse its gain in the afternoon as investors took profit over the weekend and also a weak opening for Europe markets coupled with red DJ future caused STI to close almost the same level as open. UOB reported its earning this afternoon and following OCBC beat market expectation with its earnings.
