Thursday, January 10, 2013

Market Summary -- 10th Jan 13

FTSE STI closed 3,226.25, up 5.84 points or +0.18% with a total volume of 4.21b and a total value of S$1.80b.  Total number of advance vs decline was 245 vs 206.  Of the 30 component index stocks, 14 closed positive, 7 unchanged and 9 closed negative.  The top 5 gainer component stocks were :-

1. DBS  +0.130
2. SIA  +0.090
3. Capitaland  +0.080
4. HKLand US$  +0.080
5. KepCorp  +0.080

The top 5 loser component stocks were :-

1. JMH 400US$  -1.080
2. Jardine C&C  -0.810
3. JSH 500US$  -0.600
4. UOB  -0.170
5. OCBC  -0.050

US markets closed positive average at least +0.3% due to the firm earning from Alcoa.  Asian bourses were mostly positive taking the cue and further boosted by China December export data.  Nikkei +0.70%, SSE +0.37% reversing earlier loss and HSI +0.59%.  STI closed +0.18% with moderate volume and value with 14 of the 30 component index stocks registered positive closing.

China December export data of more than 14% beating expectation of 5% gave some cheers to investors after positive closing from US.  However, stocks met will profit taking in later session but still managed to close positive.

Corporate earning play is in focus at the moment.

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