Friday, April 9, 2010

Market Summary -- 9th Apr 10

FTSE STI closed 2,971.97, up 8.78 points or +0.30% with a total volume of 2.66b and a total value of S$1.44b. Total number of advance vs decline was 443 vs 118. Of the 30 component index stocks, 22 closed positive, 3 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-

1. SIA +0.140
2. JSH 500US$ +0.120
3. Jardine C&C +0.120
4. SGX +0.090
5. HKLand US$ +0.060
5. KepCorp +0.060
5. SIA Engg +0.060

The 3 loser component stocks were :-

1. JMH 400US$ -0.300
2. CityDev -0.180
3. F&N -0.050

US markets reversed to close in the positive yesterday night after investors cheered by a better than expected retail sale data to offset fear of Greece's debt issue. Asia bourses took the cue and traded in the positive region for the day with Nikkei closed +0.32%, SSE +0.85% and HSI +1.56%. STI was dominated by penny stocks play for the day while the blue chips though mostly up were flat.