FTSE STI closed 3,104.75, up 7.40 points or +0.24% with a total volume of 1.98b and a total value of S$1.73b. Total number of advance vs decline was 307 vs 180. Of the 30 component index stocks, 19 closed positive, 9 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. CityDev +0.380
2. F&N +0.120
3. SPH +0.080
4. OCBC +0.060
5. DBS +0.060
5. ST Engg +0.060
The top 5 loser component stocks were :-
1. Jardine C&C -0.700
2. JMH 400US$ -0.460
3. JSH 500US$ -0.400
4. SIA -0.080
5. Genting -0.050
5. SIA Engg -0.050
US markets closed at least +0.4% yesterday night despite a weaker than expected consumer confidence data. The weak data gave investors an opinion that US Fed will quickly act to inject stimulus to spur the economy recovery. Asian bourses were mostly in the positive for the day with Nikkei closed +0.67% ( with saying that Japanese Government will inject another round of stimulus ), SSE -0.03% ( sentiment hurt by the latest property cooling measures ) and HSI +1.22%. STI was range bound for the day between 3,100 and 3,120 while maintaining in the positive region as the blue chips found some support probably due to fund managers doing window dressing for 3Q. Volume was thin, less than the 2 billion level which was seen for past days as investors were slowly taking off profit for the penny stocks after recent run up. In the afternoon, European markets fell into negative region after opening in the positive region caused by possible Spain rating cut.
