FTSE STI closed 3,019.74, up 48.14 points or +1.62% with a total volume of 2.56b and a total value of S$2.51b. Total number of advance vs decline was 441 vs 176. Of the 30 component index stocks, 25 closed positive, 4 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.940
2. DBS +0.680
3. CityDev +0.280
4. OCBC +0.210
5. SembMar +0.180
5. SIA +0.180
The 4 loser component stocks were :-
1. Jardine C&C -0.660
2. JMH 400US$ -0.620
3. JSH 500US$ -0.380
4. ComfortDelGro -0.010
US markets continued to advance yesterday night with S&P500 just a little off 1,200 level. Despite the miss expectation of Aloca result, market was moved up anticipating a better result from Intel and after market close, Intel's result beat expectation. Asia bourses cheered by that and mostly traded in the positive region with Nikkei closed +0.39%, SSE +0.16% and HSI +0.08%. STI finally broke the 3,000 barrier and closed 3,019.74 led by the rally in bank stocks. This morning, Singapore announced a better than expected 1Q2010 GDP figure indicating a +32.1% growth as compared to analysts expectation of +19.9%. Market welcome the news and board base blue chips buy up pushed the index passed the 3,000 level. Investors will be looking at this week JPMorgan, Google and BoA earning in the US side and this Friday Capitaland.
