Friday, May 15, 2009

Market Summary -- 15th May 09

FTSE STI closed 2,139.78, up 17.67 points or 0.83% with a total volume of 3.09b and a total value of S$1.70b. Total number of advance vs decline was 303 vs 277. Of the 30 component index stocks, 16 closed positive, 13 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-

1. UOB +0.320
2. OCBC +0.250
3. CityDev +0.250
4. Wilmar +0.220
5. DBS +0.200

The top 5 loser component stocks were :-

1. JSH 500US$ -0.260
2. JMH 400US$ -0.200
3. SembMar -0.120
4. Olam -0.120
5. KepCorp -0.120

US markets rebound but Asia bourses were mostly traded in a tight range. Nikkei closed +1.88%, SSE closed +0.20% and HSI +1.51%. STI traded in the positive region for the days but lacking in intense buying interest causing STI to close +0.83% only. Bank and property counters were up but offshore/marine counters offset the gain.