FTSE STI closed 2,739.70, up 43.68 points or +1.62% with a total volume of 1.50b and a total value of S$1.78b. Total number of advance vs decline was 358 vs 131. Of the 30 component index stocks, 25 closed positive, 4 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.440
2. KepCorp +0.290
3. DBS +0.260
4. OCBC +0.260
5. F&N +0.180
The 4 loser component stocks were :-
1. JSH 500US$ -0.140
2. CityDev -0.060
3. SMRT -0.020
4. CapitaMall -0.010
US markets reversed earlier gain and ended in the red despite good number of home sales figure. Reason being there was report that China considering selling off its European bonds and caused investors to bring back the European debt issue. Asia bourses initially were jerky with the performance of US markets but as the day passed, SSE reversed up, DJ future in positive in 3 digital region and coupled with European markets opened higher, the buying sentiment was buy snapping up the blue chips with bank and offshore/marine sectors leading the buy. There was also a sense of window dressing or portfolio adjustment by fund managers that added to the upside. Despite that, investors still need to maintain cautious as STI merely range bound around the 2,700 level.
