FTSE STI closed 2,758.79, up 13.75 points or +0.50% with a total volume of 1.28b and a total value of S$1.25b. Total number of advance vs decline was 207 vs 265. Of the 30 component index stocks, 15 closed positive, 10 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.300
2. CityDev +0.160
3. UOB +0.120
4. OCBC +0.100
5. ST Engg +0.080
5. SembCorp +0.080
The top 5 loser component stocks were :-
1. JSH 500US$ -0.140
2. SGX -0.070
3. Jardine C&C -0.060
4. Olam -0.030
5. NOL -0.030
5. Genting -0.030
US markets pull back yesterday night with a worse than expected housing start data. Asia bourses were on profit taking for most of the day. Nikkei closed -1.32%, SSE +0.53% and HSI -0.86%. STI bucked the trend closing +0.50% with selective blue chips buying pushing the index. Singapore announced its 3Q GDP this morning indicating a +14.5% growth for 3Q and that gave some positive sentiment to the market in general. Board market still weak as losers outnumbered gainers.
