Thursday, September 17, 2009

Market Summary -- 17th Sept 09

FTSE STI closed 2,672.60, down 1.82 points or -0.07% with a total volume of 2.49b and a total value of S$1.84b. Total number of advance vs decline was 223 vs 291. Of the 30 component index stocks, 9 closed positive, 15 closed negative and 6 remained unchanged. The top 5 gainer component stocks were :-

1. DBS +0.260
2. Jardine C&C +0.240
3. SIA +0.200
4. KepCorp +0.160
5. UOB +0.100

The top 5 loser component stocks were :-

1. JMH 400US$ -1.340
2. HKLand US$ -0.050
3. CapitaMall -0.040
4. Olam -0.040
5. Capitaland -0.040
5. SPH -0.040
5. NOL -0.040
5. CityDev -0.040

US markets rallied on average 1.5% with positive economic data on the industrial production with indexes recording their highest close for the year. Asia bourses were boosted with that and trading in the positive region for the day. Nikkei closed +1.69% ( Japan Central Bank maintained interest rate ), SSE +2.02% and HSI +1.71%. STI still resisted by the 2,700 level were in the positive for the day but closed down 1.82 points when investors chose to take profit and stay cautious.