FTSE STI closed 3,016.94, down 2.80 points or -0.09% with a total volume of 2.28b and a total value of S$2.15b. Total number of advance vs decline was 242 vs 318. Of the 30 component index stocks, 12 closed positive, 13 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.400
2. JSH 500US$ +0.300
3. SGX +0.170
4. KepCorp +0.150
5. SPH +0.070
The top 5 loser component stocks were :-
1. Jardine C&C -0.320
2. SIA -0.100
3. NOL -0.090
4. ST Engg -0.050
5. Singtel -0.050
US markets continued advance with S&P500 managed to close above 1,200 level after JPMorgan's result beating market expectation and a good set of March retail sales data. Though JPMorgan's result was good but the underlying of its loan income still yet to show any sign of improvement. Asia bourses were mixed for the day with Nikkei closed +0.61%, SSE -0.04% and HSI +0.16%. China announced a 1Q2010 GDP of 11.9% beating market expectation of 11.7%. Fear of inflation and more measures being implemented by the Government caused SSE to close in the negative. STI gave up earlier gain despite achieve an intra-day high of 3,037.90 as investors being cautious taking profit for the recent run up.
