FTSE STI closed 2,939.97, up 12.93 points or +0.44% with a total volume of 2.56b and a total value of S$2.16b. Total number of advance vs decline was 312 vs 193. Of the 30 component index stocks, 21 closed positive, 7 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.340
2. Genting +0.180
3. CityDev +0.100
4. SIA +0.100
5. Olam +0.050
5. SingTel +0.050
5. SGX +0.050
The top 5 loser component stocks were :-
1. JMH 400US$ -0.720
2. JSH 500US$ -0.200
3. Wilmar -0.140
4. F&N -0.030
5. Noble -0.030
US markets fell at least 0.5% yesterday night after a rise in the jobless claims as investors were concern on economy recovery and unemployment rate. Asian bourses took that as some stability to the market after a more than 2% drop the day before and most of them traded in positive region for the day. Nikkei closed +0.44%, SSE +1.21% and HSI -0.16%. STI was trading between the range of 2,920 to 2,950, closing +12.93 points with 21 out of 30 component stocks closed positive. A positive DJ future coupled with positive European markets opening in the positive, there were some bargain hunting near closing.
