FTSE STI closed 2,642.80, up 0.57 points or +0.02% with a total volume of 2.64b and a total value of S$1.48b. Total number of advance vs decline was 272 vs 277. Of the 30 component index stocks, 12 closed positive, 13 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.280
2. OCBC +0.080
3. SPH +0.080
4. CapitaMall +0.050
5. JMH 400US$ +0.040
The top 5 loser component stocks were :-
1. SGX -0.150
2. Wilmar -0.110
3. Olam -0.050
4. NobleGrp -0.040
5. SembCorp -0.040
US markets continued to move up after a better than expected economy growth contraction. Asia bourses were mixed for the day ahead of tonight US personal income and spending and over the weekend. Nikkei closed +0.57% ahead over the weekend election whereby most expecting the opposition party to win the election. SSE fell -2.90% as valuation adjustment continued. HSI tracking SSE performance closed -0.71%. STI swung between positive and negative region in a very narrow range of not more than 15 points. With European markets opened in the green coupled with positive DJ future, STI managed to close +0.02% with mixed performance from the blue chips. Investors are looking at tonight US personal income/spending to determine the health of the economy.
