FTSE STI closed 3,036.09, up 1.51 points or +0.05% with a total volume of 1.31b and a total value of S$1.23b. Total number of advance vs decline was 188 vs 252. Of the 30 component index stocks, 15 closed positive, 10 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.300
2. HKLand US$ +0.080
3. F&N +0.060
4. SIA Engg +0.050
5. SGX +0.050
The top 5 loser component stocks were :-
1. JMH 400US$ -0.500
2. JSH 500US$ -0.340
3. Wilmar -0.100
4. SIA -0.080
5. StarHub -0.070
US markets were closed for holiday yesterday and European markets were relatively flat. Asian bourses were directionless for the day with investors chose to take profit and indexes were mostly range bound. Nikkei closed -0.81%, SSE +0.08% and HSI +0.22%. STI maintained above 3,000 level throughout the day swinging between positive and negative region. With European markets and DJ future in the red, STI just managed to record a +0.05% gain as investors took profit from yesterday run up and observed the situation of how US markets react to President Obama's proposal of policies to jump start the economy growth and create jobs to bring down the high unemployment rate. Concern should be where the money come from ( US$50b ) to implement those policies.
