FTSE STI closed 2,946.77, up 27.49 points or +0.94% with a total volume of 1.94b and a total value of S$1.54b. Total number of advance vs decline was 297 vs 165. Of the 30 component index stocks, 22 closed positive, 6 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +1.340
2. JSH 500US$ +0.900
3. Jardine C&C +0.660
4. CityDev +0.320
5. SIA +0.140
The top 5 loser component stocks were :-
1. Wilmar -0.050
2. StarHub -0.050
3. Genting -0.020
4. SMRT -0.010
5. GoldenAgr -0.010
5. NobleGrp -0.010
US markets recovered from earlier loss to close marginally positive due to upbeat on corporate earnings. Asian bourses took the cue as a positive sign and traded in positive region with Nikkei closed +1.32%, SSE +0.81% and HSI +0.24%. STI able to maintain above water throughout the day between the range of 2,920 to 2,960 despite a soft opening from European markets ( marginally negative ) and 22 of the 30 component stocks closed positive with Jardine Grp of shares leading the buying up. Market though in general lack the catalysts to move up but could be slowly edging up as STI did not invalidate the inverse head & shoulder formation ( with a target between 3,120 - 3,130 ).
