FTSE STI closed 3,071.03, up 22.38 points or +0.73% with a total volume of 2.60b and a total value of S$1.70b. Total number of advance vs decline was 354 vs 148. Of the 30 component index stocks, 23 closed positive and 7 closed negative. The top 5 gainer component stocks were :-
1. JSH 500US$ +0.760
2. Jardine C&C +0.740
3. JMH 400US$ +0.260
4. UOB +0.120
5. Olam +0.110
The top 5 loser component stocks were :-
1. Wilmar -0.070
2. SIA -0.060
3. Capitaland -0.030
4. SIA Engg -0.020
5. SPH -0.010
5. KepCorp -0.010
5. SembMar -0.010
US markets closed mixed yesterday night with a string of mixed economic data. US retail sales for August exceed expectation but in Germany consumer confidence fell sharply. Asian bourses were also mixed for the day with Nikkei closed +2.34% after BOJ intervention to support the Yen. SSE closed -1.34% as concern of more cooling measures for the property market and HSI +0.14%. STI was slightly more bullish than most of the Asian markets as investors snapping up blue chips to cause STI to close +0.73% at 3,071.03, another new high for this year. At the moment, resistance is set at 3,120 and support at 3,000.
