FTSE STI closed 2,834.57, up 44.28 points or +1.59% with a total volume of 1.46b and a total value of S$1.57b. Total number of advance vs decline was 318 vs 154. Of the 30 component index stocks, 24 closed positive, 4 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +1.200
2. JSH 500US$ +1.140
3. Jardine C&C +0.780
4. UOB +0.340
5. OCBC +0.170
The 4 loser component stocks were :-
1. SIA -0.280
2. Starhub -0.020
3. SMRT -0.020
4. ComfortDelGro -0.010
US markets rallied last Friday after the unemployment rate data whereby number of job being laid off is lesser while unemployment rate stayed at 9.7%. Market see the employment situation being stabilized. Asia bourses took the cue and traded in the positive region for the day. Nikkei closed +2.09%, SSE +0.73% and HSI +1.97%. STI opened gap up above 2,800 level but failed to move beyond 2,850, the resistance level, closed +44.28 points at 2,834.57. The Jardine Group, bank, offshore/marine, property and commodity stocks attracted buying interests which rallied the index. With earning season came to an end, investors will be looking at analysts upgrade and more economic data to firm up the direction of the index.
