FTSE STI closed 2,909.52, up 21.14 points or +0.73% with a total volume of 2.38b and a total value of S$1.80b. Total number of advance vs decline was 368 vs 174. Of the 30 component index stocks, 24 closed positive, 4 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.900
2. SPH +0.160
3. KepCorp +0.130
4. CityDev +0.120
5. DBS +0.100
5. UOB +0.100
The 4 loser component stocks were :-
1. JMH 400US$ -0.240
2. NobleGrp -0.010
3. ST Engg -0.010
4. Genting -0.010
US markets rebounded yesterday night and Asia bourses took the cue and traded in the positive region in the day and mostly closed positive except HSI. Nikkei closed +1.61%, SSE +1.35% and HSI -0.15%. STI regained the 2,900 level with investors snapping up the blue chips following a good set of earnings from SPH yesterday. With more corporate earnings from US ( banks and tech companies ) market direction will in general be dictated by how well those set of results were.
