FTSE STI closed 1,764.72, up 2.90 points or 0.17% with a total volume of 918M and a total value of S$928M. Total number of advance vs decline was 151 vs 201. Of the 30 component index stocks, 16 closed positive, 9 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.580
2. SIA +0.220
3. DBS +0.140
4. JMH 400US$ +0.120
5. HKLand US$ +0.080
The top 5 loser component stocks were :-
1. UOB -0.180
2. CapitaMall -0.090
3. SPH -0.080
3. KepLand -0.080
3. JSH 500US$ -0.080
US markets were mixed yesterday night and Asia bourses were relatively flat as investors remained cautious of US corporate earnings. Nikkei closed +0.29%, HSI +0.27% and SSE +3.52%. STI rallied almost to 1,800 level in the morning half but pull back to close flat of +0.17% as investors taking out profit and remain cautious of the earnings season. Immediate STI support is at 1,750 and resistance 1,800. STI appeared to be in an ascending triangle formation since 28th Oct 08. The breakout point is 1,930 and if STI doesn't break below 1,750, the ascending triangle formation still intact.
