FTSE STI closed 2,383.82, up 8 points or 0.34% with a total volume of 3.51b and a total value of S$2.64b. Total number of advance vs decline was 393 vs 198. Of the 30 component index stocks, 17 closed positive, 12 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.700
2. UOB +0.400
3. JSH 500US$ +0.400
4. DBS +0.260
5. Jardine C&C +0.140
The top 5 loser component stocks were :-
1. HKLand US$ -0.120
2. SembCorp -0.100
3. StarHub -0.090
4. Olam -0.090
5. F&N -0.080
US markets ended flat yesterday night even with positive economic data regarding home sales. Asia markets were mixed with mostly opened high but soon fell off high due to profit taking. Nikkei closed +0.39%, SSE +1.99% and HSI +1.02%. STI tested the 2,424 level again but failed to break when Europe markets opened in the red and HSI closed off high, investors chosed to take profit and remain cautious. Current market lacking of catalysts to continue the rally.
