FTSE STI closed 2,793.47, up 65.90 points or +2.42% with a total volume of 1.42b and a total value of S$1.44b. Total number of advance vs decline was 433 vs 103. Of the 30 component index stocks, all closed positive. The top 5 gainer component stocks were :-
1. JMH 400US$ +1.100
2. Jardine C&C +0.720
3. UOB +0.680
4. JSH 500US$ +0.600
5. OCBC +0.310
US markets closed at least +2% yesterday after a better than expected home sales data. Asia bourses took the cue and traded in positive region for the day with Nikkei closed +3.24%, SSE -0.73% ( reversed earlier gain to close slightly in the red ) and HSI +1.62%. STI though rallied 2.42% but still failed to clear the 2,800 level. Investors took the bullish sentiment from US markets yesterday and bought up the blue chips. STI immediate resistance will be the 2,820 level with a support at the 2,700 level. Investors are also awaiting for this Friday US unemployment data and also the G20 meeting starting tomorrow which they will discuss on the European debt issue.
