FTSE STI closed 2,933.39, up 4.25 points or +0.15% with a total volume of 1.44b and a total value of S$1.26b. Total number of advance vs decline was 276 vs 227. Of the 30 component index stocks, 15 closed positive, 10 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.340
2. SIA +0.260
3. UOB +0.100
4. Wilmar +0.100
5. OCBC +0.090
The top 5 loser component stocks were :-
1. JMH 400US$ -1.260
2. JSH 500US$ -0.360
3. DBS -0.100
4. SGX -0.070
5. CityDev -0.060
US markets continued to move up yesterday night with an average of +0.4% after a rise in consumer spending economic data. Asia bourses took the cue, initially traded mixed but managed to close in the positive with Nikkei +1.01% hitting a new 18-month high, SSE +0.15% and HSI +0.65%. STI managed to close +4.25 points at 2,933.39 when last minute buying of blue chips for window dressing move the index up with Offshore/Marine continued to lead the rally. Even though there seems to lack the catalysts to rally up but with end of quarter window dressing just round the corner, there is a chance STI might hit pass the January's high tomorrow.
