Friday, January 9, 2009

Market Summary -- 9th Jan 09

FTSE STI closed 1,806.02, down 21.59 points or 1.18% with a total volume of 1.6b and a total value of S$1.21b. Total number of advance vs decline was 241 vs 187. Of the 30 component index stocks, 11 closed positive, 17 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-

1. JMH 400US$ +0.500
2. StarHub +0.080
3. KepLand +0.030
3. F&N +0.030
3. SingTel +0.030

The top 5 loser component stocks were :-

1. DBS -0.570
2. Jardine C&C -0.240
3. UOB -0.200
4. CityDev -0.170
5. Capitaland -0.110

US markets ended mixed yesterday night, Asia bourses also ended mixed for the day. Nikkei closed -0.45%, HSI -0.27% and SSE closed +1.42%. STI was dragged down by bank stocks, property and offshore/marine counters. Investors choses to take off some profit and remained cautious ahead of the employment data tonight for US.