FTSE STI closed 2,805.50, up 8.52 points or +0.31% with a total volume of 1.75b and a total value of S$1.28b. Total number of advance vs decline was 273 vs 163. Of the 30 component index stocks, 17 closed positive, 9 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. CityDev +0.340
2. UOB +0.200
3. SIA +0.180
4. NobleGrp +0.080
5. SIA Engg +0.070
The top 5 loser component stocks were :-
1. JMH 400US$ -0.300
2. JSH 500US$ -0.100
3. Olam -0.040
4. ST Engg -0.040
5. SembCorp -0.030
US markets were mixed yesterday night with USD strengthening despite comment by US Fed that interest rate will remain low for the time being. Asia bourses took the cue and profit taking kicked in sending index closed in the negative except STI. Nikkei closed -0.27%, SSE -1.06% and HSI -1.19%. STI bucked the trend from Asia bourses closed above 2,800 at 2,805.50 with investors snapping up the blue chips from banks, property, offshore/marine and commodity stocks.
