FTSE STI closed 3,431.36, up 24.78 points or +0.73% with a total volume of 1.08b and a total value of S$1.23b. Total number of advance vs decline was 228 vs 170. Of the 30 component index stocks, 21 closed positive, 4 unchanged and 5 in the red. The top 5 gainer component stocks were :-
1. JMH USD +0.810
2. SGX +0.190
3. UOB +0.130
4. CityDev +0.080
5. JSH USD +0.080
The 5 loser component stocks were :-
1. DBS -0.040
2. SIA -0.030
3. ComfortDelGro -0.020
4. Genting SP -0.015
5. ST Engg -0.010
US markets were up another 1% yesterday but Asian bourses were mixed for the day with Nikkei +0.82%, SSE -1.91% and HSI -0.35%. STI rose 0.73% in thinner daily volume and value with 21 of the 30 index stocks posted gain.
US markets finally recovered from the drop this year and reached the break even point as oil price rebound ahead of tonight non-farm payroll data. Asian markets were mixed after positive closing from US markets the night before offset by the cautious ahead of tonight jobs data and the concern on Greece's debt in which both Greek and German ministers were at logged head.
STI rebounded from yesterday loss and moved nearer towards the 3,450 resistance mainly due to the blue chips. The blue chips were behaving like one day down, the next day up, getting volatile and good for trading and punting. Next week will be a heavy week for STI as the 3 local banks will be releasing their respective FY earning. Then after market should be quiet down prior to CNY.
