FTSE STI closed 2,596.39, up 3.49 points or +0.14% with a total volume of 3.08b and a total value of S$1.91b. Total number of advance vs decline was 345 vs 194. Of the 30 component index stocks, 16 closed positive, 13 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.300
2. JSH 500US$ +0.140
3. KepCorp +0.110
4. SGX +0.090
5. DBS +0.080
The top 5 loser component stocks were :-
1. JMH 400US$ -0.200
2. HKLand US$ -0.190
3. SIA -0.140
4. Wilmar -0.110
5. Jardine C&C -0.040
US markets fell yesterday night after Shanghai market fell 6% on the day. Asia bourses were able to rebound from yesterday drop today with Nikkei closed +0.36%, SSE +0.60% and HSI +0.75%. STI were trading above the 2,600 level until European markets and future turned negative and trimmed its gain to close just +0.14% still slightly below the 2,600 level. The reason for European markets dropped into the red after opening in the positive region was UK reported a sub 50 PMI figure with expectation at 51.5. Investors will be looking at tonight US markets for direction and ability for SSE to reverse the downtrend.
