FTSE STI closed 3,130.90, up 33.27 points or +1.07% with a total volume of 1.77b and a total value of S$1.50b. Total number of advance vs decline was 375 vs 122. Of the 30 component index stocks, 22 closed positive, 7 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.660
2. JSH 500US$ +0.460
3. UOB +0.240
4. DBS +0.140
5. Genting +0.140
The top 5 loser component stocks were :-
1. Jardine C&C -0.200
2. SIA -0.120
3. CapitaMall -0.060
4. SIA Engg -0.060
5. Wilmar -0.040
US markets dropped at least 0.3% yesterday night despite a better than expected jobless claims data and a GDP revision up from the Government to +1.7% from the previous +1.6% for year 2010. The concern of European debts still worried investors that caused the sell down after initially market opened in the positive. Asian markets however were mostly positive for the day with Nikkei closed +0.37%. SSE and HSI were closed for National Day. STI rallied to a new 2 years high closing at 3,130.90 with investors came in to bargain hunt the blue chips causing 22 out of 30 component stocks closed in the positive. Investors are currently eying the coming corporate earning which starting middle of this month.
