FTSE STI closed 2,796.29, up 16.71 points or +0.60% with a total volume of 903M and a total value of S$950M. Total number of advance vs decline was 269 vs 161. Of the 30 component index stocks, 21 closed positive, 6 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.340
2. SIA +0.200
3. DBS +0.160
4. CityDev +0.100
5. Capitaland +0.090
The top 5 loser component stocks were :-
1. JMH 400US$ -1.060
2. JSH 500US$ -0.060
3. SIA Engg -0.020
4. SMRT -0.010
5. Genting -0.010
5. NobleGrp -0.010
US markets closed at least +2% with news from a drop in jobless claim, China good export data, rebound of euro and assurance from US Fed Chief about the recovery of the economy. Asian bourses took the cue and traded in positive region for the day. Nikkei closed +1.70%, SSE +0.29% ( pare gain after report of inflation 3.1% vs 3.0% ) and HSI +1.22%. STI opened above 2,800 level but failed to hold on to the 2,800 level as a support when investors taking profit and with World Cup starting today, lack of bargain hunting caused STI to close just shy off the 2,800 level in another thin volume trading day. Market might have temporary lifted off the bearish downtrend but lack of catalysts coupling with World Cup will cause market to trade in side way, range bound before next month earning season starts.
