FTSE STI closed 1,759.14 up 3.67 points or 0.21% with a total volume of 968M and a total value of S$811M. Total number of advance vs decline was 239 vs 202. Of the 30 component stocks, 14 closed positive, 13 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. JSH 500US$ +0.640
2. JMH 400US$ +0.300
3. SembMar +0.150
4. SIA +0.100
5. OCBC +0.060
5. SGX +0.060
The top 5 loser component stocks were :-
1. F&N -0.110
2. Wilmar -0.070
3. Yanlord -0.060
4. KepCorp -0.050
5. SembCorp -0.050
Despite a 6% rally up on US markets the night before, Asia bourses opened strongly but soon faded in the later part of the days. Investors choose to take profit and stay cautious over the weekend ahead of US economic data tonight and the G20 meeting over the weekend. Investors would like to know what measures the G20 countries would come up to boost the global economy. Germany announced officially into recession yesterday and France just managed to skip that today. Investors also remained cautious on whether more european countries will be in recession or not.
