FTSE STI closed 2,349.87, up 16.17 points or 0.69% with a total volume of 2.45b and a total value of S$1.55b. Total number of advance vs decline was 235 vs 246. Of the 30 component index stocks, 15 closed positive, 10 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. SIA +0.560
2. JSH 500US$ +0.200
3. DBS +0.180
4. KepCorp +0.180
5. CityDev +0.140
The top 5 loser component stocks were :-
1. Jardine C&C -0.240
2. Capitaland -0.040
3. F&N -0.040
4. NOL -0.030
5. SembCorp -0.030
US markets ended mixed yesterday night recovered from early loss after IMF projected global recession could be recovered by September. Asia bourses were rather mixed given the lack of conviction in US markets performance. Nikkei closed -0.80%, SSE +0.71% and HSI -1.07%. STI opened positve but soon swing to negative due to profit taking. With European markets opened on the positive side, investors came in to bargain hunt to enable STI to close +0.69%.
