Friday, January 8, 2010

Market Summary -- 8th Jan 10

FTSE STI closed 2,922.76, up 9.51 points or +0.33% with a total volume of 2.56b and a total value of S$1.69b. Total number of advance vs decline was 381 vs 167. Of the 30 component index stocks, 20 closed positive, 9 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-

1. Wilmar +0.140
2. JMH 400US$ +0.120
3. CityDev +0.080
4. HKLand US$ +0.070
5. DBS +0.060

The top 5 loser component stocks were :-

1. Jardine C&C -0.460
2. JSH 500US$ -0.100
3. OCBC -0.080
4. SGX -0.060
5. ST Engg -0.050

US markets were mixed yesterday night with DJ and S&P500 closing positive while Nasdaq slip with a better December retail sale data. Asia bourses took the cue and traded in the positive region for the day with Nikkei closed +1.09%, SSE +0.10% and HSI +0.12%. STI holding above 2,900 level despite some profit taking in early part of the day but managed to reverse the loss and closed +0.33% as investors buying up the blue chips in anticipating that US unemployment rate will improve when the figure announces tonight.