FTSE STI closed 2,982.83, up 32.50 points or +1.10% with a total volume of 1.66b and a total value of S$1.60b. Total number of advance vs decline was 328 vs 134. Of the 30 component index stocks, 25 closed positive, 2 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.660
2. SIA +0.440
3. DBS +0.200
4. UOB +0.180
5. CityDev +0.160
The 2 loser component stocks were :-
1. JSH 500US$ -0.460
2. JMH 400US$ -0.240
US markets were flat yesterday night lacking of direction but Asian markets were mostly upbeat for the day with Nikkei closed +1.17%, SSE bucked the trend with -0.60% after reporting a better than expected manufacturing data and HSI +0.43%. STI rose 1.10% in a thin volume trade with 25 out of 30 component index stocks closed positive. MAS announced an estimate of +14.9% GDP growth for 2010 and that helped lifted the sentiment with bank stocks leading the buying up. Genting continued the surge and closed at new high of $1.80. While the thin volume suggesting most still sideline maintain cautious especially ahead of this week US ISM and unemployment data, the rally appeared to be fund managers doing portfolio adjustment.
