FTSE STI closed 2,711.09, down 0.61 points or -0.02% with a total volume of 1.98b and a total value of S$1.29b. Total number of advance vs decline was 194 vs 305. Of the 30 component index stocks, 13 closed positive, 11 closed negative and 6 remained unchanged. The top 5 gainer component stocks were :-
1. SIA +0.240
2. UOB +0.160
3. Jardine C&C +0.120
4. KepCorp +0.060
5. Olam +0.060
The top 5 loser component stocks were :-
1. JMH 400US$ -0.420
2. JSH 500US$ -0.160
3. OCBC -0.090
4. Wilmar -0.080
5. SembCorp -0.040
US markets rallied yesterday night with almost 1% advance. After market close, Apple and TI both announced a better than expected earnings. Asia bourses took the cue and opened in the positive region. Nikkei closed +0.98%, SSE +1.52% and HSI +0.83%. STI opened in the positive but with profit taking, European markets opened in the red and a flat DJ future, it closed -0.02% with blue chips performing mixed. With the so far good corporate earnings, investors still stay cautious and STI still range bound between 2,680 - 2,720/2,740.
