FTSE STI closed 3,157.45, up 26.55 points or +0.85% with a total volume of 2.09b and a total value of S$2.09b. Total number of advance vs decline was 352 vs 183. Of the 30 component index stocks, 18 closed positive, 7 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.740
2. Jardine C&C +0.700
3. HKLand US$ +0.260
4. UOB +0.240
5. OCBC +0.140
5. KepCorp +0.140
5. DBS +0.140
The top 5 loser component stocks were :-
1. CityDev -0.440
2. JSH 500US$ -0.100
3. SIA Engg -0.030
4. NobleGrp -0.010
5. Wilmar -0.010
5. SingTel -0.010
5. ST Engg -0.010
US markets were marginally up last Friday after a better than expected personal income and outlay despite some weak ISM manufacturing data. Asian bourses however were mixed for the day as investors taking off profit and looking towards the start of the corporate earning season. Nikkei closed -0.25%, HSI +1.17% while SSE still closed for holiday. STI was able to maintain in the positive region throughout the day hitting a new intra-day high of 3,183.10 but pared off the gain in the afternoon when DJ future was red and European markets also opening weak. STI closed +0.85% with a new 2 years high at 3,157.45 with 18 out of 30 of the index stocks closed in the positive. Banking stocks were leading the buying up. A possible reason for European markets opening weak could be there was report that UBS and Credit Suisse may need to boost capital to 19% of assets.
