FTSE STI closed 2,855.68, up 17.98 points or +0.63% with a total volume of 1.23b and a total value of S$863M. Total number of advance vs decline was 360 vs 119. Of the 30 component index stocks, 24 closed positive, 3 closed negative and 3 remained changed. The top 5 gainer component stocks were :-
1. Jardine C&C +0.320
2. SIA +0.280
3. JSH 500US$ +0.200
4. JMH 400US$ +0.180
5. DBS +0.100
The 3 loser component stocks were :-
1. HKLand US$ -0.030
2. SMRT -0.020
3. ST Engg -0.020
US markets ended in the positive for the Christmas last week but with most still on a holiday break, Asia bourses were mostly traded in range bound, low volume. Nikkei closed +1.33%, SSE +1.51% and HSI -0.17%. STI closed another new year 2009 high at 2,855.68 with most of the blue chips ended in the positive. Momentum appears to be gather on a year end rally which could drive STI to near 2,900 level. At the same time, investors also eying on this week US economic data to dictate on the direction of the market.
