Tuesday, July 21, 2015

Market Summary -- 21st Jul 15

FTSE STI closed 3,371.41, down 2.07 points or -0.06% with a total volume of 3.26b and a total value of S$985M.  Total number of advance vs decline was 257 vs 205.  Of the 30 component index stocks, 12 closed positive, 3 unchanged and 15 in the red.  The top 5 gainer component stock were :-

1. JSH USD  +0.110
2. DBS  +0.060
3. Capitaland  +0.030
4. CapitaMall  +0.030
5. GLP  +0.030
5. SingTel  +0.030
5. ST Engg  +0.030

The top 5 loser component stocks were :-

1. Jardine C&C  -0.610
2. JMH USD  -0.340
3. CityDev  -0.050
4. Wilmar  -0.040
5. OCBC  -0.040

US markets closed with a slight gain yesterday and Asian bourses were mostly positive for the day with Nikkei +0.93%, SSE +0.66% and HSI +0.52%.  STI however failed to keep up with regional bourses closing flat in higher volume and typical value with 12 of the 30 index stocks posted gain.

Corporate earning helped US markets to another positive closing with Nasdaq hitting another record high.  Without much of negative events, Asian markets were able to track US markets with mostly positive closing.  Though commodity, crude oil and gold fell, global markets still able to turn out a positive performance as focus was mainly on corporate earning.  End of the week, economic data should be in focus.

STI taking a pause after past days of gain with investors digesting gain and market trying to consolidate.  However, penny stocks were getting lot of attention as punters rotating to punt up for profit.  So far Singapore corporate earning has yet to show any sign of surprise downside which is a good news as this will enable market to consolidate at a higher level.

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