Tuesday, May 26, 2015

Market Summary -- 26th May 15

FTSE STI closed 3,459.98, down 0.87 points or -0.03% with a total volume of 1.68b and a total value of S$825M.  Total number of advance vs decline was 218 vs 262.  Of the 30 component index stocks, 9 closed positive, 4 unchanged and 17 in the red.  The top 5 gainer component stocks were :-

1. HongkongLand USD  +0.090
2. Wilmar  +0.050
3. ComfortDelGro  +0.030
4. UOB  +0.030
5. Sembcorp  +0.020
5. SingTel  +0.020

The top 5 loser component stocks were :-

1. JMH USD  -0.510
2. JSH USD  -0.250
3. Jardine C&C  -0.230
4. DBS  -0.070
5. SIA  -0.030
5. Capitaland  -0.030

US markets were closed for holiday yesterday and Asian bourses were mostly positive for the day with Nikkei +0.12%, SSE +2.02% and HSI +0.92%.  STI however was flat for the day in thin volume and value with only 9 of the 30 index stocks posted gain.

North Asian markets continued the surge with both Nikkei and SSE ending at another new multi-years high despite no lead from US markets yesterday night.  There wasn't any economic data for the day too but the Greek's debt still weigh on investors as end of May just days away and no deal meaning Greece will have no money to repay IMF next month.

Singapore released its final 1Q 2015 GDP this morning coming in at +2.6% better than expectation and also earlier forecast.  However, the positive data failed to excite STI in which it was merely trading flat for the day with very thin participation.  The thin participation has made some of the stocks going for volatile swing as punters taking the advantage to move them up or down for quick profit in the absence of bigger hands.  For bargain hunting, look at the valuation rather than the price as it will be misleading at this point of time.

No comments:

Post a Comment