Monday, January 28, 2013

Market Summary -- 28th Jan 13

FTSE STI closed 3,273.91, up 4.60 points or +0.14% with a total volume of 4.17b and a total value of S$1.71b.  Total number of advance vs decline was 324 vs 135.  Of the 30 component index stocks, 14 closed positive, 4 unchanged and 12 closed negative.  The top 5 gainer component stocks were :-

1. DBS  +0.050
2. Wilmar  +0.050
3. Capitaland  +0.040
4. CityDev  +0.040
5. SIA Engg  +0.040
5. SembCorp  +0.040

The top 5 loser component stocks were :-

1. JMH 400US$  -0.900
2. Jardine C&C  -0.420
3. JSH 500US$  -0.270
4. HKLand US$  -0.070
5. UOB  -0.060

US markets closed positive last Friday with both DJ and S&P500 hitting new 5-year high.  Asian bourses were mixed for the day with Nikkei -0.94%, SSE +2.41% and HSI +0.39%.  STI managed to edge up 0.14% in moderate volume and value with 14 of the 30 index stocks registered positive closing.

Economic data and corporate earnings basically dominated the trading trend at the moment.  STI gain was pared down by the Jardine group of stocks while the slightly higher volume than past days indicating most interest were from the penny stocks.  The blue chips were pretty much in consolidation range awaiting for their earning to be announced.

In short, market pretty much in range bound condition.

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