FTSE STI closed 2,835.51, up 5.17 points or +0.18% with a total volume of 1.31b and a total value of S$1.70b. Total number of advance vs decline was 193 vs 262. Of the 30 component index stocks, 13 closed positive, 13 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. JSH 500US$ +0.260
2. CityDev +0.260
3. UOB +0.220
4. SIA +0.160
5. JMH 400US$ +0.140
The top 5 loser component stocks were :-
1. KepCorp -0.090
2. DBS -0.060
3. Capitaland -0.060
4. CapitaMall -0.050
5. SembMar -0.040
5. SIA Engg -0.040
US markets closed down on average 3% after yesterday Asian markets fell sharply on concern of China slow growth and European banks faced deadline for repayment to ECB. Asian markets were traded in negative region for the day with Nikkei closed -1.96%, SSE -1.18% and HSI -0.59%. STI opened below 2,800 level but managed to recover and close +5.17 points bucking the trend among Asian markets when European markets opened positive and DJ future was also positive. With possible window dressing by fund managers for 1H2010, blue chips were mixed for the day. Investors will be looking at European bank repayment of money to ECB, US unemployment situation end of this week and the outcome of the financial reform bill by US after one of its senator's death that caused the delay.
