FTSE STI closed 3,190.07, up 27.71 points or +0.88% with a total volume of 2.17b and a total value of S$2.06b. Total number of advance vs decline was 332 vs 182. Of the 30 component index stocks, 23 closed positive, 5 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.900
2. JMH 400US$ +0.460
3. SGX +0.310
4. CityDev +0.280
5. HKLand US$ +0.230
The 5 loser component stocks were :-
1. F&N -0.090
2. SingTel -0.050
3. SIA Engg -0.030
4. SMRT -0.010
5. ComfortDelGro -0.010
US markets rallied average 2% yesterday night after a better than expected ISM service index data and with Japan BOJ maintained low interest rate together with injecting more cash to the market, investors were hoping US Fed will take action soon to inject stimulus to the US economy. The hope of that lifted the US markets to a new 2 years high. Asian markets took to cue and all traded in the positive region for the day with Nikkei closed +1.81% and HSI +1.07%. SSE still close for holiday and will reopen on Friday. STI with resistance at 3,200 closed another new 2 year high at 3,190.07 up 0.88% with 23 out of 30 index stocks closed in the green. While investors were bullish on the market, they are still waiting for US job data this Friday and Alcoa's earning which kick start US earning season later this week.
