FTSE STI closed 2,685.94, up 0.31 points or +0.01% with a total volume of 3.29b and a total value of S$2.05b. Total number of advance vs decline was 294 vs 205. Of the 30 component index stocks, 15 closed positive, 12 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.460
2. SIA +0.180
3. JSH 500US$ +0.120
4. KepCorp +0.090
5. HKLand US$ +0.090
The top 5 loser component stocks were :-
1. DBS -0.160
2. UOB -0.140
3. Jardine C&C -0.080
4. F&N -0.060
5. SGX -0.060
US markets advanced yesterday night as investors are anticipating US Fed will maintain interest rate. Asia bourses however failed to follow with most bourses closed in the negative with investors taking profit, staying sideline and looking for more hard facts and figures to support the continuation of the uptrend. Nikkei was closed for the day while SSE closed -1.89% and HSI -0.49%. STI swung between positive and negative region still failing to break the 2,700 level as market finds no catalysts to do so. However, with a positive DJ future and positive opening from European bourses, STI managed to close +0.01%.
