FTSE STI closed 2,957.06, up 18.32 points or +0.62% with a total volume of 1.38b and a total value of S$1.14b. Total number of advance vs decline was 257 vs 188. Of the 30 component index stocks, 22 closed positive, 6 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +1.000
2. SIA +0.140
3. DBS +0.140
4. UOB +0.100
5. SGX +0.080
The top 5 loser component stocks were :-
1. CityDev -0.500
2. Jardine C&C -0.240
3. JSH 500US$ -0.160
4. HKLand US$ -0.120
5. Capitaland -0.020
US markets closed at least +1.5% last Friday after a better than expected GDP forecast and also some assurance from US Fed Chief about taking measures to support the economy recovery. Asian bourses took the cue and traded in positive region for the day. Nikkei closed +1.76% ( when the Japanese Government pledged to pump in stimulus to drive up the economy ), SSE +1.61% and HSI +0.68%. STI despite some draw back from the property stocks when the Government announced measures to cool the property market still manage to close +0.62% with bank stocks leading the buying up whereas property counters took the hit of selling down. Investors will be looking at this Friday US employment situation as well as ISM data for this week.
