Thursday, August 26, 2010

Market Summary -- 26th Aug 10

FTSE STI closed 2,925.87, down 0.68 point or -0.02% with a total volume of 1.33b and a total value of S$999M.  Total number of advance vs decline was 179 vs 224.  Of the 30 component index stocks, 16 closed positive, 11 closed negative and 3 remained unchanged.  The top 5 gainer component stocks were :-

1. JSH 500US$  +0.380
2. JMH 400US$  +0.360
3. Jardine C&C  +0.240
4. UOB  +0.100
5. CityDev  +0.080

The top 5 loser component stocks were :-

1. DBS  -0.080
2. HKLand US$  -0.070
3. SIA  -0.040
4. OCBC  -0.040
5. CapitaMall  -0.040

US markets regained earlier loss to close in the positive after worse than expected data from durable goods order and new home sales.  Asian bourses took the cue of the reverse as a sigh of relief and traded in the positive region but pretty much range bound.  Nikkei closed +0.69%, SSE +0.27% and HSI -0.11%.  STI range bound between positive and negative region as investors taking cautious ahead of tonight Jobless Claims and tomorrow night GDP figure.  Volume was thin at 1.33b and blue chips were mixed with the Jardine Group of shares providing the support.