FTSE STI closed 3,300.40, up 60.09 points or +1.85% with a total volume of 2.96b and a total value of S$2.97b. Total number of advance vs decline was 391 vs 151. Of the 30 component index stocks, 25 closed positive, 4 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JSH 500US$ +1.420
2. JMH 400US$ +1.040
3. OCBC +0.440
4. CityDev +0.260
5. SembMar +0.190
The 4 loser component stocks were :-
1. Jardine C&C -0.220
2. DBS -0.100
3. ComfortDelGro -0.020
4. StarHub -0.020
US markets closed flattish last Friday after number of hiring increased more than expected while unemployment rate still maintain at 9.6%. Last week event of Republican taking the House during the election and US Fed going to inject US$600b to stimulate the economy growth caused US markets to rallied. Asian bourses after last Friday rallied continued the momentum with majority closing in the positive. Nikkei closed +1.11%, SSE +0.96% and HSI +0.35%. STI catching up with last Friday miss rocketed at least 1% with commodity and property stocks taking the centre stage. 25 out of 30 component stocks managed to close in the positive and STI hitting new 2 years high closing at 3,300.40. This week is the last week for corporate earning locally and this weekend G20 meeting will focus on US stimulus plan.
