FTSE STI closed 2,618.76, up 6.43 points or +0.25% with a total volume of 3.64b and a total value of S$1.91b. Total number of advance vs decline was 358 vs 213. Of the 30 component index stocks, 11 closed positive, 14 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. KepCorp +0.190
2. SIA +0.180
3. DBS +0.140
4. NobleGrp +0.120
5. HKLand US$ +0.090
The top 5 loser component stocks were :-
1. JMH 400US$ -1.120
2. Jardine C&C -0.800
3. JSH 500US$ -0.300
4. CityDev -0.200
5. SPH -0.060
US markets were flat when investors took profit from the recent rally while awaiting for more economic data. Asia bourses initially started the day also flat but SSE did another 5% drop in the afternoon which caused some panic and selling in the afternoon. However, SSE managed to recover to close -2.5% and that help other markets to rebound from their intra-day low. Nikkei closed -0.79%, SSE -2.59% and HSI -0.49%. STI opened below 2,600 and fell to an intra-day low of 2,574 tracking the drop of SSE but soon recovered the loss and closed 2,618 with banks, SingTel, SIA and offshore/marine counters backing the losses. The short-term momentum is still on an uptrend but a very cautious one as investors also tracking the weakness of the SSE market.
