FTSE STI closed 2,716.62, up 1.28 point or +0.05% with a total volume of 1.27b and a total value of S$952M. Total number of advance vs decline was 189 vs 252. Of the 30 component index stocks, 10 closed positive, 16 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. CityDev +0.200
2. SIA Engg +0.120
3. UOB +0.100
4. Capitaland +0.080
5. KepCorp +0.050
The top 5 loser component stocks were :-
1. JMH 400US$ -0.120
2. JSH 500US$ -0.100
3. HKLand US$ -0.080
4. DBS -0.040
5. SembMar -0.030
5. ST Engg -0.030
5. SGX -0.030
US markets retreated on average 1% last Friday after a good housing data and corporate earnings. Selling down was mainly due to dropping of oil price which led to energy stocks being sold down dragging down the overall sentiment. Asia bourses don't seem to be much affected with the sell down and mostly traded in a range bound situation swinging between positive and negative. Nikkei closed +0.77%, SSE +0.06% and HSI was closed for holiday for the day. STI though swing between positive and negative range, still able to maintain above the 2,700 level in a very thin volume trading day. Blue chips were mixed with property stocks continued to move up while bank stocks were mixed ahead of their earning this week.
