Wednesday, June 8, 2011

Market Summary -- 8th Jun 11

FTSE STI closed 3,102.98, down 12.97 points or -0.42% with a total volume of 985M and a total value of S$1.09b.  Total number of advance vs decline was 159 vs 257.  Of the 30 component index stocks, 8 closed positive, 21 closed negative and 1 remained unchanged.  The top 5 gainer component stocks were :-

1. JSH 500US$  +0.180
2. HKLand US$  +0.080
3. Wilmar  +0.060
4. CapitaMall  +0.020
5. Olam  +0.020

The top 5 loser component stocks were :-

1. JMH 400US$  -1.200
2. CityDev  -0.140
3. KepCorp  -0.120
4. OCBC  -0.110
5. F&N  -0.100

US markets gave up earlier gain and closed in the red again after US Fed Chief's comment of confirmation of economy slowing down and did not mention possibility of a QE3 stimulus.  The comment didn't go well with investors.  Asian bourses opened in the red following the cue but closed mixed.  Nikkei closed +0.07%, SSE +0.22% and HSI -0.91%.  STI was trading in the negative region throughout the day moving around the 3,100 level.  STI closed -0.42% as investors taking cautious with European bourses all in the red together with DJ future.  However, volume was thin as a total of 985M only.

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