FTSE STI closed 2,757.68, up 51.42 points or +1.90% with a total volume of 1.58b and a total value of S$1.57b. Total number of advance vs decline was 425 vs 119. Of the 30 component index stocks, 28 closed positive, 1 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.440
2. UOB +0.380
3. DBS +0.320
4. SIA +0.300
5. OCBC +0.270
The only loser component stock was :-
1. SIA Engg -0.020
US markets recovered early loss to close in the positive after US Fed maintain low interest rate. Asia bourses took a break on the selling and traded in the positive for the day. President Obama also revealed job creation of 1.5 million for this year and pump in US$30b to boost lending to the medium companies. These news further give some confidence to the market. Nikkei closed +1.58%, SSE +0.25% and HSI +1.61%. STI in line with regional bourses and with investors came in to bargain hunt enable 28 out of 30 index stocks to close in the positive and closed +1.90% back to the 2,750 level.
