Monday, April 21, 2014

Market Summary -- 21st Apr 14

FTSE STI closed 3,255.83, up 2.03 points or +0.06% with a total volume of 1.72b and a total value of S$766M.  Total number of advance vs decline was 185 vs 228.  Of the 30 component index stocks, 16 closed positive, 3 unchanged and 11 in the red.  The top 5 gainer component stocks were :-

1. CityDev  +0.120
2. Jardine C&C  +0.060
3. JMH 400USD  +0.040
4. Sembcorp Ind  +0.040
5. Capitaland  +0.030

The top 5 loser component stocks were :-

1. Keppel Corp  -0.060
2. OCBC  -0.050
3. UOB  -0.040
4. DBS  -0.040
5. StarHub  -0.030
5. GLP  -0.030

US markets closed mixed last Thursday and Asian bourses were also mixed for the day.  Nikkei -0.03%, SSE -1.52% and HSI +0.28%.  STI was practically flat for the day in thin volume and value.  16 of the 30 index stocks posted gain.

US corporate earning were mixed last week and not much of economic event happened for the day except for Japan export growth slowed down sharply in March coming in at only +1.8%, below expectation of +6.3% and +9.8% in February.  That concern caused Nikkei to be in the red.  Rest of the Asian bourses were looking for signal probably from more US corporate earning this week.

It was a quite thin for STI with thin volume.  The more active stocks were those in which anticipation of possible being M&A.  Stocks that were being range bound and moving side way for past weeks and months also poised to play catching up.  Apart from that, remaining were awaiting for their earning to be released within this week or next.

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