FTSE STI closed 2,799.54, down 1.21 point or -0.04% with a total volume of 1.2b and a total value of S$1.1b. Total number of advance vs decline was 232 vs 212. Of the 30 component index stocks, 11 closed positive, 14 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. CityDev +0.060
2. Capitaland +0.060
3. HKLand US$ +0.050
4. F&N +0.050
5. SIA Engg +0.040
The top 5 loser component stocks were :-
1. Jardine C&C -0.580
2. UOB -0.120
3. JSH 500US$ -0.060
4. Olam -0.040
5. SembCorp -0.040
5. Wilmar -0.040
5. SIA -0.040
US markets closed mixed last Friday and the lack of direction caused Asia bourses to trade in range bound but most managed to close in the positive for the day after an intra-day reversal. Nikkei closed -0.02%, SSE +1.71% and HSI +0.84%. STI swung between 2,800 level, recovered from early loss when Dubai market opens 10% up but failed to hold on to the positive lead and closed 1.21 point down, just below the 2,800 level. Last minute profit taking of the component stocks caused STI to close negative as compared with other regional bourses. Investors will be looking at US Fed meeting and other economic data this week for direction.
