Friday, December 26, 2008

Market Summary -- 26th Dec 08

FTSE STI closed 1,725.61, down 11.38 points or 0.66% with a total volume of 278M and a total value of S$217M. Total number of advance vs decline was 142 vs 126. Of the 30 component stocks, 9 closed positive, 15 closed negative and 6 remained unchanged. The top 5 gainer component stocks were :-

1. JMH 400US$ +0.780
2. JSH 500US$ +0.100
3. SembCorp +0.050
4. SembMar +0.050
5. Yanlord +0.020

The top 5 loser component stocks were :-

1. UOB -0.360
2. Jardine C&C -0.190
3. OCBC -0.100
4. SIA Engg -0.080
5. HKLand US$ -0.080

STI market was very quiet and very low volume today. Total volume even lower than 24th Dec 08. With fund managers away for holiday and markets like HSI, Europe and Australia all closed for the day, there wasn't any lead except Nikkei which closed +1.63% and even SSE also flattish at -0.05%. STI was trading positive for most of the day until the last minute whereby several of the component stocks gapped down on close that cause the index fell into the negative region.