FTSE STI closed 3,240.31, up 15.34 points or +0.48% with a total volume of 2.03b and a total value of S$2.09b. Total number of advance vs decline was 314 vs 170. Of the 30 component index stocks, 16 closed positive, 11 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. JSH 500US$ +0.240
2. SGX +0.220
3. CityDev +0.160
4. SIA +0.160
5. DBS +0.120
The top 5 loser component stocks were :-
1. Jardine C&C -0.620
2. JMH 400US$ -0.560
3. SIA Engg -0.140
4. UOB -0.080
5. SPH -0.050
US markets closed marginally positive yesterday night with couple of positive events. Private sector hired more workers than expected, ISM non-manufacturing sector expanded more than expected and US Fed inject US$600b to stimulate economy growth. Asian bourese traded in the positive region for the day with Nikkei closed +2.17%, SSE +1.85% and HSI +1.62% as most believed the excessive cash will flow into Asia region. STI closed +0.48% as investors worried of holding position over the long weekend ( Deepavali on Friday ). Investors will be looking at Friday US unemployment rate data.
