FTSE STI closed 2,753.63, up 19.24 points or +0.70% with a total volume of 1.20b and a total value of S$1.08b. Total number of advance vs decline was 303 vs 130. Of the 30 component index stocks, 20 closed positive, 7 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. F&N +0.180
2. CityDev +0.140
3. OCBC +0.130
4. Capitaland +0.110
5. SGX +0.080
The top 5 loser component stocks were :-
1. Jardine C&C -0.580
2. JMH 400US$ -0.140
3. JSH 500US$ -0.100
4. UOB -0.040
5. SIA -0.020
5. ComfortDelGro -0.020
US markets closed slightly in the negative yesterday night after US Fed chief outlined the stimulus exit plan despite easing worry of the eurozone debt issue. Asia bourses were relatively immune to that with bourses mostly trading in the positive region and managed to close in positive region too. Nikkei was closed for holiday, SSE closed +0.10% and HSI +1.85%. STI was range bound around the 2,750 level and managed to close above it with property stocks leading the advance after Capitaland reported a better than expected 4Q earning this morning. Though market is up but investors still cautious as the CNY break is just near the corner and investors would not want hold any position over the break. Another news of the day was Genting RWS casino is scheduled to be opened on 14th Feb.
