FTSE STI closed 2,794.04, up 35.16 points or +1.27% with a total volume of 1.41b and a total value of S$1.43b. Total number of advance vs decline was 296 vs 143. Of the 30 component index stocks, 27 closed positive, 2 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.960
2. SIA +0.460
3. JSH 500US$ +0.380
4. Jardine C&C +0.300
5. UOB +0.240
The 2 loser component stocks were :-
1. Genting -0.040
2. SingTel -0.020
US markets advanced at least 1.5% yesterday night after better economic data and eurozone debt issue is slowly getting resolved. Asia bourses opened in the positive after the long lunar new year break with Nikkei closed +2.72% and HSI +1.31% while SSE is on 1 week holiday break. STI opened near the 2,800 level and moved within a range between 2,780 to 2,800 in a thin volume day. Majority of the blue chips were traded in the positive region with investors snapping up for CNY rally and also pre-budget day play. European bourses opened in the positive coupled with positive DJ future allowed STI to closes +1.27%.
