FTSE STI closed 3,265.66, up 3.88 points or +0.12% with a total volume of 1.41b and a total value of S$1.08. Total number of advance vs decline was 222 vs 193. Of the 30 component index stocks, 11 closed positive, 8 unchanged and 11 in the red. The top 5 gainer component stocks were :-
1. JMH 400USD +1.310
2. JSH 500USD +0.310
3. Wilmar +0.050
4. Capitaland +0.040
5. CityDev +0.040
The top 5 loser component stocks were :-
1. UOB -0.080
2. HongkongLand USD -0.060
3. ComfortDelGro -0.050
4. DBS -0.040
5. SGX -0.030
5. GLP -0.030
US markets closed at least +0.8% yesterday and Asia bourses were mostly positive for the day. Nikkei +2.11%, SSE -0.18% and HSI +0.51%. STI failed to hold gain and close flat with thin volume and value. 11 of the 30 index stocks posted gain.
US stock markets rally after US Fed minutes revealed that there will no be rate hike soon. Asian bourses taking the cue were positive on open and after the released of China HSBC flash PMI for May coming in at 49.7 vs 48.1 in April, most of the bourses were able to stay in positive region. Though the reading still indicate contraction but showed improvement from past months. However, SSE gave up gain and closed in the red.
STI opened up positive but pared gain in the afternoon and closed flat. Short-term traders and punters were taking the opportunity of any up market to take profit or cut loss and with few buyers, all the upsides were capped.
