FTSE STI closed 2,634.63, up 22.74 points or +0.87% with a total volume of 2.17b and a total value of S$1.82b. Total number of advance vs decline was 409 vs 121. Of the 30 component index stocks, 24 closed positive, 2 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +1.100
2. KepCorp +0.240
3. UOB +0.140
4. SIA +0.120
5. HKLand US$ +0.110
The 2 loser component stocks were :-
1. SingTel -0.060
2. F&N -0.010
US markets continued the rebound on hope of recovery on economy after Australia raised interest rate, a signaling of improving economy. US markets closed at least +1.00%. Asia markets took the cue and traded in the positive region for the day. Nikkei closed +1.11% despite strong Yen and HSI +2.07%. STI despite the continue fall in price of SingTel ( due to fear of hurting its India operation revenue ) closed +0.87% with the blue chips leading the buying up. Investors will be looking at tonight Aloca's earning as it kicks start US earning season.
