FTSE STI closed 2,952.81, up 24.11 points or +0.82% with a total volume of 1.54b and a total value of S$1.39b. Total number of advance vs decline was 368 vs 117. Of the 30 component index stocks, 25 closed positive, 1 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.840
2. JSH 500US$ +0.460
3. DBS +0.260
4. CityDev +0.160
5. KepCorp +0.100
The only loser component stock was :-
1. ST Engg -0.020
US markets were up on average almost 2% when investors were upbeat on the better corporates' earnings despite a not so good on US deficit data. After market closed, Intel reported another set of better than expect set of earning. Asian bourses took the cue of the US's rally and traded in the positive region for the day. Nikkei closed +2.71%, SSE +0.82% and HSI +0.64%. STI managed to close +24.11 points with 25 out of 30 component stocks closed in the positive as investors snapping up blue chips ahead of their earnings. This morning MTI released Singapore 2Q GDP with a better than expected figure and revised 2010 expected growth to between 13% - 15% as compared with earlier figure of 7% - 9%. This further lifted the sentiment on STI.
