FTSE STI closed 2,897.15, up 36.12 points or +1.26% with a total volume of 1.25b and a total value of S$1.35b. Total number of advance vs decline was 349 vs 119. Of the 30 component index stocks, 26 closed positive, 3 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +1.160
2. Jardine C&C +1.040
3. UOB +0.280
4. DBS +0.180
5. OCBC +0.160
The 3 loser component stocks were :-
1. HKLand US$ -0.080
2. JSH 500US$ -0.040
3. CapitaMall -0.020
US markets advanced at least 2% yesterday night after upbeat on the forecoming earning with bank stocks leading the rally. Asian bourses too the cue and traded in positive region but mostly closed off intra-day peak. Nikkei closed +2.76%, SSE -0.25% and HSI +0.97%. STI though up but failed to cross the 2,900 resistance line with bank stocks leading the rally. A positive opening from the European markets also help the buying near closing time.
