FTSE STI closed 2,869.99, up 18.35 points or +0.64% with a total volume of 895M and a total value of S$893M. Total number of advance vs decline was 242 vs 177. Of the 30 component index stocks, 20 closed positive, 7 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.740
2. UOB +0.300
3. OCBC +0.240
4. DBS +0.200
5. CityDev +0.140
The top 5 loser component stocks were :-
1. JSH 500US$ -0.340
2. JMH 400US$ -0.260
3. HKLand US$ -0.040
4. CapMallsAsia -0.020
5. ComfortDelGro -0.020
US markets were mixed last Friday after US Government reduced the GDP forecast for 2010. Asian markets were also mixed on a quiet, low volume trading days as investors digesting the outcome of the G20 meeting over the weekend relating to how to tackle the economy recovery. Nikkei closed -0.45%, SSE -0.69% and HSI +0.17%. STI managed to buck the trend closing +0.64% with 20 out of 30 of the component index stocks managed to register a gain on close. Bank stocks were leading the buying up. This week investors will be looking at several key economic data from US like personal income/spending and job situation for the recovery status of US. Fund managers might also be doing a 1H window dressing at end of the month.
