FTSE STI closed 2,818.07, up 21.78 points or +0.78% with a total volume of 728M and a total value of S$752M. Total number of advance vs decline was 318 vs 107. Of the 30 component index stocks, 21 closed positive, 4 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.640
2. Jardine C&C +0.280
3. DBS +0.140
4. Capitaland +0.100
5. SIA +0.100
The 4 loser component stocks were :-
1. JSH 500US$ -0.160
2. HKLand US$ -0.070
3. KepCorp -0.020
4. SMRT -0.010
US markets inched up last Friday with a last half-hour buying up after a mixed of economic data. Retail sales figure fell for the month of May but consumer sentiment improved. The positive closing enabled Asian bourses to trade in the positive region for the day. Nikkei closed +1.80% and HSI +0.90%. SSE was closed for Dragon Boat festival and will reopen on 17th Jun. STI crossed the 2,800 level and closed at 2,818.07 in a very thin volume trade day with only 728M transactions done. World Cup fever has caused most of the investors to be sideline. STI is now approaching its resistance at 2,820 and with lack of market participation and catalysts, STI might have peaked for the meanwhile and stay range bound between 2,700 - 2820 doing consolidation. The thin volume could have caused STI to be easily gap up or gap down days to days as such short-term traders are advised to remain cautious.
