FTSE STI closed 2,905.66, up 16.48 points or +0.57% with a total volume of 1.34b and a total value of S$1.02b. Total number of advance vs decline was 262 vs 193. Of the 30 index component stocks, 19 closed positive, 10 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.420
2. DBS +0.240
3. UOB +0.220
4. JSH 500US$ +0.220
5. KepCorp +0.190
The top 5 loser component stocks were :-
1. JMH 400US$ -0.540
2. SGX -0.060
3. HKLand US$ -0.050
4. Wilmar -0.050
5. SIA Engg -0.040
US markets reversed a negative opening to close on average +0.5% yesterday night with health care stocks led the recovery after US lower house passed the health care bill. Asia bourses were mixed for the day with Nikkei closed -0.47%, SSE -0.70% and HSI +0.26%. STI managed to move back above 2,900 after yesterday sold down as investors bargain hunt the blue chips with bank, offshore/marine and property stocks leading the buying up. A positive opening from European bourses also lifted the sentiment.
