Monday, June 20, 2011

Market Summary -- 20th Jun 11

FTSE STI closed 3,013.60, up 8.32 points or +0.28% with a total volume of 964M and a total value of S$1.19b.  Total number of advance vs decline was 200 vs 205.  Of the 30 component index stocks, 15 closed positive, 11 closed negative and 4 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +0.560
2. F&N  +0.230
3. DBS  +0.160
4. CityDev  +0.120
5. UOB  +0.120

The top 5 loser component stocks were :-

1. Wilmar  -0.110
2. NOL  -0.070
3. ST Engg  -0.050
4. Olam  -0.050
5. SIA  -0-.040

US markets were mixed last Friday with both DJ and S&P500 closed positive while Nasdaq in the red as investors were hoping Greece's issue could be resolved over the weekend.  However, over the weekend, Europe failed to find a solution for the Greece's issue.  Asian bourses were initially positive in the morning but soon fell into the red and closed mixed.  Nikkei closed +0.03%, SSE -0.82% and HSI -0.44%.  STI managed to stay in positive region and closed +0.28% despite European bourses opened fell around 1% and DJ future also drop at least 0.5%.  Some bargain hunting could be detected but investors still stay cautious on whether the Greece's issue could be resolved. 

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