FTSE STI closed 2,797.88, up 36.34 points or +1.32% with a total volume of 1.30b and a total value of S$1.29b. Total number of advance vs decline was 267 vs 208. Of the 30 component index stocks, 27 closed positive, 1 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.340
2. DBS +0.320
3. JMH 400US$ +0.220
4. KepCorp +0.210
5. OCBC +0.200
The only loser component stock was :-
1. Wilmar -0.030
US markets pulled back last Friday but that does not affect Asia bourses whereby all traded in the positive region. Nikkei was closed for holiday, SSE +0.92% and HSI +1.41%. STI closed another new 2009 high at 2,797.88, just slightly below the 2,800 level with 27/30 of the component stocks all closed in the positive region. Bank stocks were again leading the rally. With European markets trading in the positive region coupling with DJ future in the positive, investors snapping up blue chips caused STI to close at day high. Investors will be looking at tomorrow night US 3Q GDP figure.
