FTSE STI closed 2,844.35, up 10.66 points or +0.38% with a total volume of 1.08b and a total value of S$1.12b. Total number of advance vs decline was 278 vs 177. Of the 30 component index stocks, 21 closed positive, 5 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.440
2. JMH 400US$ +0.340
3. KepCorp +0.170
4. SGX +0.130
5. F&N +0.120
The 5 loser component stocks were :-
1. UOB -0.160
2. Wilmar -0.160
3. DBS -0.040
4. CityDev -0.020
5. HKLand US$ -0.010
US markets recovered from losses near closing to close marginally positive due to bargain hunting. The continued concern over the European debt issue still weighed on investors. With the reversal, Asia bourses managed to stay in the positive region for the day with Nikkei closed +0.07%, SSE +1.36% and HSI +1.17%. STI though swing to negative during the day but managed to recover the loss with bargain hunting coming in snapping up the blue chips and coupled with a positive opening from European bourses, STI managed to close +0.38% with 21 out of 30 closed in the positive. Investors will be looking at US economic data tonight and also an eyes on the European debt issue.
