FTSE STI closed 2,272.26, up 6.17 points or 0.27% with a total volume of 1.12b and a total value of S$998M. Total number of advance vs decline was 170 vs 207. Of the 30 component index stocks, 14 closed positive, 13 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. SIA +0.200
2. Jardine C&C +0.180
3. SPH +0.110
4. JSH 500US$ +0.100
5. OCBC +0.080
The top 5 loser component stocks were :-
1. JMH 400US$ -0.160
2. KepCorp -0.160
3. F&N -0.090
4. Olam -0.050
5. HKLand US$ -0.050
US markets closed mixed yesterday night with DJ and SP500 in the positive and Nasdaq in the red after better Service economic data against a drop in crude oil price. Asia markets were trading in a tight range for the day with Nikkei closed -0.34% and HSI -0.65%. STI managed to recover from negative when European markets opened firm up. Offshore/Marine stocks were under selling pressure when crude oil price fell below US$65/barrel. Investors are still cautious as can see from the thin volume whole awaiting for more economic data and corporate earnings from US.
