FTSE STI closed 2,401.02, up 11.60 points or +0.49% with a total volume of 1.97b and a total value of S$1.81b. Total number of advance vs decline was 330 vs 189. Of the 30 component index stocks, 21 closed positive, 7 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. CityDev +0.410
2. Jardine C&C +0.160
3. SIA +0.140
4. SGX +0.090
5. JMH 400US$ +0.080
5. Capitaland +0.080
The top 5 loser component stocks were :-
1. UOB -0.540
2. Cosco -0.060
3. SembCorp -0.050
4. StarHub -0.030
5. SMRT -0.010
5. KepCorp -0.010
US markets rallied at least 3% with positive encouragement from corporate earnings from Intel despite CPI reading was slightly out of expectation. Asia bourses get a boost from that with all open gap up. However as days passed by, investors started to take profit and indices closed off their respective high. Nikkei closed +0.81%, SSE -0.15% ( reporting 2Q GDP came in 7.9% ) and HSI +0.57%. STI managed to break above the previous resistance of 2,424 but profit taking parse gain to allow STI to close slightly above 2,400 level. Investors will be looking at tonight corporate earnings from JP Morgan, Google and IBM and there was also news that CIT group could file for bankruptcy latest Friday if they cannot get the bailout from US Government.
