FTSE STI closed 2,912.02, up 3.60 points or +0.12% with a total volume of 1.72b and a total value of S$1.29b. Total number of advance vs decline was 194 vs 295. Of the 30 component index stocks, 14 closed positive, 12 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.660
2. JSH 500US$ +0.380
3. Jardine C&C +0.100
4. SembMar +0.070
5. Genting +0.040
5. SIA +0.040
The top 5 loser component stocks were :-
1. CityDev -0.160
2. HKLand US$ -0.080
3. Wilmar -0.040
4. F&N -0.030
5. CapitaMall -0.030
5. NOL -0.030
US markets pulled back at least 1% last Friday with a disappointed result from JPMorgan due to its loan losses despite profit gain in investment. Asia bourses were mixed with Nikkei closed -1.16%, SSE +0.40% and HSI -0.90%. STI managed to regain the 2,900 level and closed +0.12% with investors snapping up the blue chips as earning season get into full swing this week with SGX and A-Reit reporting their earnings today after market close. Earlier on during lunch time, data released indicated that Singapore export for December jumped 26.1% from a year earlier with the electronics sector rebounded strongly. Investors will also be looking at US banks earning this week. However, US market will be closed tonight for holiday.
