FTSE STI closed 2,693.62, up 10.06 points or +0.38% with a total volume of 1.66b and a total value of S$1.38b. Total number of advance vs decline was 190 vs 318. Of the 30 component index stocks, 12 closed positive, 16 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.260
2. SIA +0.220
3. DBS +0.220
4. OCBC +0.150
5. KepCorp +0.060
The top 5 loser component stocks were :-
1. Jardine C&C -0.640
2. JSH 500US$ -0.200
3. Wilmar -0.090
4. F&N -0.070
5. SembMar -0.050
5. SGX -0.050
US markets did an intra-day rebound last Friday closing in the positive when investors closed off short positions and snapping up cheap stocks as anticipating there will be resolution over the weekend for the Europe debt issue. Asia bourses initially took the cue and traded in positve region but soon the selling pressure kicked in causing Nikkei to close -1.05%, SSE -0.14% and HSI -0.58%. STI hit the resistance at 2,700 level and followed regional bourses to mvoe into the negative region but with a positive DJ future and Europe opening, STI managed to reverse the loss and closed +10.06 points with banks and SIA leading the rebound.
