FTSE STI closed 2,796.34, up 25.39 points or +0.92% with a total volume of 1.26b and a total value of S$1.43b. Total number of advance vs decline was 267 vs 200. Of the 30 component index stocks, 22 closed positive, 7 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +1.500
2. JMH 400US$ +0.340
3. UOB +0.320
4. CityDev +0.220
5. DBS +0.180
5. SIA +0.180
The top 5 loser component stocks were :-
1. SembCorp -0.060
2. JSH 500US$ -0.040
3. Cosco -0.020
4. Genting -0.010
5. NOL -0.010
5. NobleGrp -0.010
5. SPH -0.010
US markets continued to advance yesterday night to close at least 1% when investors moved away from the Dubai debt issue and concentrated on a better than expected pending home sales data. Asia bourses took the cue and managed to close in the positive for the day. Nikkei closed +0.38%, SSE +1.06% and HSI +0.80%. STI closed +0.92% but failed to hit the 2,800 level. Bank stocks continued to attract strong buying interest and SingTel also pushed up to its 200d EMA level. As investors probably aiming for a year end rally, there is also concern about what catalyst required to push the market higher.
