FTSE STI closed 2,707.60, up 14.22 points or +0.53% with a total volume of 1.42b and a total value of S$1.45b. Total number of advance vs decline was 231 vs 259. Of the 30 component index stocks, 11 closed positive, 14 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.400
2. DBS +0.220
3. Wilmar +0.110
4. OCBC +0.070
5. NobleGrp +0.060
The top 5 loser component stocks were :-
1. JMH 400US$ -0.120
2. CityDev -0.110
3. Capitaland -0.060
4. Jardine C&C -0.060
5. SGX -0.050
US markets rallied yesterday night enabling DJ to close at new high for this year mainly due to the outcome of the G20 meeting when the G20 countries agreed not to pull out stimulus before the economy is stabilized. Asia bourses took the cue and trade in the positive region for the day but soon parse gain as investors took profit, maintain cautious as there isn't any fresh catalysts to push the market further up. Nikkei closed +0.63%, SSE +0.1% and HSI +0.27%. STI traded around the 2,700 level but managed to close above that with bank and commodity stocks leading the gain. Property stocks still weak as investors worried about MAS comment on tight measures might implement to control to the property bubble.
