FTSE STI closed 2,668.40, down 12.07 points or -0.45% with a total volume 1.90b and a total value of S$1.34b. Total number of advance vs decline was 247 vs 232. Of the 30 component index stocks, 9 closed positive, 15 closed negative and 6 remained unchanged. The top 5 gainer component stocks were :-
1. SIA +0.260
2. Olam +0.050
3. NOL +0.040
4. KepCorp +0.040
5. SPH +0.020
5. Cosco +0.020
The top 5 loser component stocks were :-
1. JMH 400US$ -0.880
2. Jardine C&C -0.500
3. JSH 500US$ -0.360
4. UOB -0.140
5. HKLand US$ -0.080
US markets were mixed yesterday night with both DJ and S&P500 closed in the positive while Nasdaq in the red. Asia bourses were mostly range bound for the day with most of them closing in the positive. Nikkei closed +0.60%, SSE +1.44% and HSI +0.79%. STI swing between positive and negative and closed -0.45% when a negative DJ future and negative opening for European markets caused investors to take profit and sold down the blue chips. Singapore Government this morning announced extend the job credit scheme by another 6 months with a wind-down payment. This should be a good news as though economy is slowly recovering, pulling out stimulus plan too fast would not be good. Investors will be looking at US corporate earnings this week for direction of the market. STI still in consolidation phase with downside probably around the 2,570 level and a break above the 2,700 level could trigger another rally.
