Wednesday, November 11, 2009

Market Summary -- 11th Nov 09

FTSE STI closed 2,740.43, up 32.83 points or +1.21% with a total volume of 1.14b and a total value of S$1.40b. Total number of advance vs decline was 345 vs 146. Of the 30 component index stocks, 23 closed positive, 5 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-

1. Jardine C&C +1.060
2. UOB +0.280
3. SGX +0.250
4. CityDev +0.230
5. DBS +0.200

The 5 loser component stocks were :-

1. JMH 400US$ -0.280
2. SIA -0.180
3. SPH -0.150
4. ComfortDelGro -0.040
5. SMRT -0.010

US markets were mixed yesterday night with DJ closed with a new 2009 high whereas Nasdaq and S&P500 closed in the negative. Asia bourses were mixed for the day with Nikkei closed +0.01%, SSE -0.11% and HSI +1.61%. STI was traded in positive region for the day with banks, commodity and offshore/marine stocks leading the rally. SingTel reported its earning this morning was up $0.04 closing at day high. In the afternoon session with European markets opened in the positive region coupled with a positive DJ future, STI closed at day high and record a new 2009 high at 2,740.43. Investors were snapping up the blue chips.