FTSE STI closed 3,202.16, up 52.80 points or +1.68% with a total volume of 2.84b and a total value of S$2.33b. Total number of advance vs decline was 428 vs 114. Of the 30 component index stocks, 26 closed positive, 3 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.940
2. CityDev +0.520
3. UOB +0.440
4. KepCorp +0.380
5. SIA +0.380
The 3 loser component stocks were :-
1. HKLand US$ -0.090
2. F&N -0.030
3. CapitaMall -0.010
US markets regained earlier loss after Fed Sept's minutes giving indication that US Fed is ready to inject stimulus to re-spark the economic growth. US markets edged higher on closed and after closed, Intel reported an earning that beat market expectation. Asian bourses took that as positive indication and traded in the positive region with Nikkei closed +0.16%, SSE +0.70% and HSI +1.45%. STI finally broke the 3,200 level and closed at 3,202.16 with the help of bank stocks helped push the index pass that resistance level. European markets opened at least +1% also helped the buying sentiment. JPMorgan will be reporting its earning tonight and investors will be looking at how the bank's earning fare. SPH reported a record revenue yesterday and declaration of a 20cents/share final dividend and that help cushion the price to end +0.71% despite several analysts cut target price and rating. Tomorrow Singapore MTI will release its 3Q GDP.
