FTSE STI closed 2,727.57, up 12.13 points or +0.45% with a total volume of 956M and a total value of S$1.16b. Total number of advance vs decline was 259 vs 136. Of the 30 component index stocks, 17 closed positive, 8 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +1.080
2. UOB +0.460
3. JSH 500US$ +0.200
4. CityDev +0.140
5. HKLand US$ +0.140
The top 5 loser component stocks were :-
1. JMH 400US$ -1.000
2. DBS -0.180
3. Wilmar -0.130
4. SGX -0.070
5. SembMar -0.050
US markets reversed earlier gain with a last minute sell off led by decline in energy stocks when US Government announced civil and criminal investigations against BP for the oil spill issued. Furthermore, ECB warned of euro-zone banks faced more write-down this year due to the European debt issue. These negative news offset better-than-expected reports on construction spending and manufacturing earlier on. Asia bourses were mixed in reaction to US performance and also the resignation news of Japanese PM. Nikkei closed -1.12%, SSE +0.12% and HSI -0.13%. STI managed to close in the green in a thin volume trade with total volume less than 1b for the day. Investors still cautious and many chose to sideline prior to the Word Cup this month. Investors will also be looking towards this Friday US unemployment rate data.
