FTSE STI closed 2,352.55, up 19.41 points or +0.83% with a total volume of 764M and a total value of S$677M. Total number of advance vs decline was 233 vs 161. Of the 30 component index stocks, 23 closed positive, 5 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.580
2. Jardine C&C +0.300
3. DBS +0.180
4. JSH 500US$ +0.160
5. SGX +0.150
The top 5 loser component stocks were :-
1. HKLand US$ -0.020
2. Olam -0.010
3. NobleGrp -0.010
4. SingTel -0.010
5. SIA Engg -0.010
US markets retreated yesterday night when consumer confidence data fell and that worried investors. Asia bourses were mainly traded in narrow range, thin volume as investors are searching for direction. Nikkei closed -0.19% and SSE +1.65% ( China reported its manufacturing sector is still explanding in month of June ). HSI was closed for the day. Without any directon from HSI, STI was up +0.83% in a very thin volume day; less than 1 billion in total volume as most are still sideline with some snapping up blue chips. Market sentiment was slightly improved in the afternoon; reverse its loss when European bourses opened firmly up.
