FTSE STI closed 2,375.82, down 4.25 points or 0.18% with a total volume of 3.87b and a total value of S$2.68b. Total number of advance vs decline was 246 vs 367. Of the 30 component index stocks, 14 closed positive, 13 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. DBS +0.280
2. NOL +0.150
3. SPH +0.130
4. CityDev +0.100
5. NobleGrp +0.070
The top 5 loser component stocks were :-
1. JSH 500US$ -0.860
2. JMH 400US$ -0.660
3. Jardine C&C -0.600
4. Wilmar -0.180
5. SIA -0.180
US markets rallied yesterday night despite news of GM filed for bankrupt and getting removed from DJ component. Economic data were relatively positive to cheer the investors to lift the market up at least 2%. Asia bourses though reacted positively early in the morning but soon profit taking kicked in and most bourses either closed in the negative or off their high. Nikkei closed +0.27%, SSE +0.11% and HSI -2.65%. STI opened above 2,400 level but soon find the resistance to great to break and closed below that. Blue chips were mixed.
