FTSE STI closed 2,734.39, down 10.63 points or -0.39% with a total volume of 1.31b and a total value of S$1.17b. Total number of advance vs decline was 246 vs 213. Of the 30 component index stocks, 13 closed positive, 13 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. SIA +0.300
2. JSH 500US$ +0.120
3. JMH 400US$ +0.100
4. NobleGrp +0.080
5. Olam +0.070
The top 5 loser component stocks were :-
1. UOB -0.360
2. Jardine C&C -0.300
3. DBS -0.220
4. CityDev -0.200
5. OCBC -0.110
US markets rebound at least 1% yesterday night and Asia bourses took the cue traded in the positive region for the days with Nikkei closed +0.31%, SSE +1.14% and HSI +0.67%. STI gave back some of the gain yesterday when investors took profit on the bank stocks which led the rebound yesterday causing the index to close in the negative region. Investors are still concern about how the Europe debt issue going to get resolve by the EU and with CNY around the corner, buying interest is lacking.
