Wednesday, June 9, 2010

Market Summary -- 9th Jun 10

FTSE STI closed 2,745.80, down 0.81 points or -0.03% with a total volume of 884M and a total value of S$975M.  Total number of advance vs decline was 153 vs 243.  Of the 30 component index stocks, 10 closed positive, 15 closed negative and 5 remained unchanged.  The top 5 gainer component stocks were :-

1. JSH 500US$  +0.200
2. HKLand US$  +0.070
3. Wilmar  +0.050
4. CityDev  +0.040
5. SIA Engg  +0.030
5. StarHub  +0.030
5. Olam  +0.030

The top 5 loser component stocks were :-

1. DBS  -0.080
2. KepCorp  -0.070
3. SIA  -0.060
4. NOL  -0.050
5. SGX  -0.040

US markets were mixed yesterday night with DJ and S&P500 closed positive but Nasdaq closed negative as the market was divided with a positive comment from US Fed Chief about economy recovery from European debt issue.  Asian bourses were also mixed with Nikkei closed -1.04%, SSE +2.78% ( after reporting a better than expected export data ) and HSI +0.69%.  STI opened in the negative but soon move into positive region with bargain hunting and advanced as much as 20 points after SSE surged 2% but soon pare gain and closed slightly negative in a very thin volume trading day.  With European markets opened weak, investors playing cautious and sent STI to close slightly negative.