FTSE STI closed 2,846.94, up 28.73 points or +1.02% with a volume of 1.33b and a total value of S$1.35b. Total number of advance vs decline was 345 vs 118. Of the 30 component index stocks, 25 closed positive, 4 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.880
2. KepCorp +0.200
3. OCBC +0.150
4. UOB +0.120
5. Wilmar +0.120
The 4 loser component stocks were :-
1. CityDev -0.200
2. DBS -0.060
3. JSH 500US$ -0.040
4. SIA -0.020
US markets advanced at least 2% yesterday night with tech stocks leading the rally. Asia bourses took the cue and traded in the positive region for the day. Nikkei closed +1.81% while SSE and HSI closed for Dragon Boat festival. STI gapped up and range bound between 2,840 to 2,860 level and closed +1.02% at 2,846.94 with a daily volume of 1.33b. 25 of the 30 component index stocks closed in the positive. However, cautious still remained with the narrow range of price movement. STI might pull back to back test the 2,800 - 2,820 level before attempting to reach for the 2,940 level.
