Monday, June 29, 2009

Market Summary -- 29th Jun 09

FTSE STI closed 2,317.17, down 0.78 points or 0.03% with a total volume of 1.06b and a total value of S$849M. Total number of advance vs decline was 161 vs 284. Of the 30 component index stocks, 15 closed positive, 14 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-

1. JMH 400US$ +0.860
2. SIA +0.160
3. DBS +0.160
4. Wilmar +0.110
5. JSH 500US$ +0.100

The top 5 loser component stocks were :-

1. Jardine C&C -0.220
2. CityDev -0.160
3. HKLand US$ -0.140
4. SGX -0.080
5. NOL -0.050

US markets ended mixed last Friday after Personal Income/Outlay data. Asia bourses were directionless today with mixed performance. Nikkei closed -0.95%, SSE +1.61% and HSI -0.39%. STI moved within a very narrow range in a thin volume day. Closing -0.03% with blue chips performing mixed. Investors are awaiting for this week US unemployment data for further direction of US economy before turning attention to corporate earnings when the reporting season starts 2 to 3 weeks later.