FTSE STI closed 2,333.14, up 15.97 points or +0.69% with a total value of 1.26b and a total volume of S$1.35b. Total number of advance vs decline was 175 vs 270. Of the 30 component index stocks, 15 closed positive, 11 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +1.300
2. Jardine C&C +0.900
3. JSH 500US$ +0.620
4. SIA +0.500
5. UOB +0.220
The top 5 loser component stocks were :-
1. CityDev -0.190
2. KepCorp -0.100
3. SembCorp -0.080
4. SembMar -0.080
5. NOL -0.040
US markets rallied yesterday night when market cheered news of Madoff was sentenced to maximum jailed term of 150yr and a end of quarter dressing when funds were snapping up energy related stocks. Asia bourses reacted to the positive close with strong opened. However, as the days went by, investors chose to take profit and the bourses closed off their respective high. Nikkei closed +1.79%, SSE -0.54% and HSI -0.81%. STI closed off its intra-day high in the afternoon session when HSI, SSE and Europe bourses have a weakening performance. There were some window dressing but only on selected blue chips that was able to allow STI to close +0.69%.
