Tuesday, March 9, 2010

Market Summary -- 9th Mar 10

FTSE STI closed 2,839.54, up 4.97 points or +0.18% with a total volume of 1.17b and a total value of S$1.21b. Total number of advance vs decline was 186 vs 225. Of the 30 component index stocks, 13 closed positive, 16 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-

1. JMH 400US$ +1.740
2. Jardine C&C +0.620
3. JSH 500US$ +0.580
4. Wilmar +0.050
5. SGX +0.030
5. SingTel +0.030

The top 5 loser component stocks were :-

1. SIA -0.220
2. CityDev -0.160
3. UOB -0.140
4. DBS -0.120
5. F&N -0.070

US markets were mixed yesterday night after lacking of events to firm up the direction. Asia bourses were mixed also given the lack of direction from US. Nikkei closed -0.17%, SSE +0.52% and HSI +0.05%. STI closed +0.18% despite profit taking with the Jardine group and SingTel supporting the index. Bank, Offshore/Marine and Property stocks which have moved up past days were under profit taking.