Wednesday, May 18, 2011

Market Summary -- 18th May 11

FTSE STI closed 3,141.21, up 4.73 points or +0.15% with a total volume of 1.33b and a total value of S$1.47b.  Total number of advance vs decline was 241 vs 240.  Of the 30 component index stocks, 12 closed positive, 14 closed negative and 4 remained unchanged.  The top 5 gainer component stocks were :-

1. DBS  +0.340
2. UOB  +0.260
3. HKLand US$  +0.080
4. OCBC  +0.070
5. GLP  +0.070
5. Wilmar  +0.070

The top 5 loser component stocks were :-

1. JMH 400US$  -0.800
2. JSH 500US$  -0.380
3. SIA  -0.160
4. CityDev  -0.120
5. Jardine C&C  -0.120

US markets closed mixed yesterday night as weighed down by economic data and concern of Euro zone debts offsetting some good corporate earnings.  Asian bourses rebound from past days of selling down with Nikkei closed +0.99%, SSE +0.70% and HSI +0.48%.  STI reopened from yesterday holiday closed +0.15% as investors still cautious and unwilling to take big position.  12 out of 30 component stocks managed to close positive.  STI immediate support at 3,120 and resistance at 3,200.  In late afternoon, PM Lee announced his new cabinet with Wong Kan Seng, Mah Bow Tan, Raymond Lim, Goh Chok Tong and Lee Kuan Yew no more cabinet minister.

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