Wednesday, December 3, 2008

Market Summary -- 3rd Dec 08

FTSE STI closed 1,640.57, up 1.39 points or 0.085% with a total volume of 1.03b and a total value of S$744M. Total number of advance vs decline was 220 vs 173. Of the 30 component stocks, 12 closed positive, 12 closed negative and 6 remained unchanged. The top 5 gainer component stocks were :-

1. Yanlord +0.130
2. CoscoCorp +0.090
3. SingTel +0.080
4. NobleGrp +0.070
5. SIA Engg +0.060
5. SembCorp +0.060

The top 5 loser component stocks were :-

1. JMH 400US$ -0.500
2. OCBC -0.100
3. DBS -0.100
4. SIA -0.080
5. SGX -0.070

US markets rallied up on the last hours on possible bailout for the 3 automakers and eventhough Asia bourses rebound from yesterday sell down, they soon came off their heigh as investors still remain cautious on US forecoming economic data.