FTSE STI closed 3,163.53, down 15.62 points or -0.49% with a total volume of 2.48b and a total value of S$2.59b. Total number of advance vs decline was 237 vs 245. Of the 30 component index stocks, 12 closed positive, 15 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. Wilmar +0.110
2. KepCorp +0.060
3. SembCorp +0.040
4. StarHub +0.040
5. ST Engg +0.030
5. CapMallsAsia +0.030
The top 5 loser component stocks were :-
1. JMH 400US$ -0.960
2. JSH 500US$ -0.380
3. CityDev -0.200
4. SIA -0.140
5. UOB -0.140
US markets rallied at least +1.0% recovered from previous day loss despite Morgan Stanley posting loss for its earning while other company like Coco-cola and Boeings posted better result. The Fed access of the US economy that it is still growing but at a sluggish pace suggesting to investors that US Fed has the intention to inject another stimulus and that brought bargain-hunting sentiment to investors. Asian bourses however were on a different mind as all focus on China economic data which was released this morning. China GDP growth and inflation were inline with expectation but investors were concern on the rising inflation. That brought some selling pressure to regional bourses. Nikkei closed -0.05%, SSE -0.68% and HSI +0.39%. STI managed to recover some loss from earlier part after European markets opened in the positive region but closed -0.49% with blue chips performing mixed. Investors were also focused on Mapletree Industrial Trust which started trading in the afternoon session. It opened at $1.15 vs IPO price of $0.93 and closed $1.16; +24.7% above its IPO price. However, at such a price, the dividend yield has become 6.09%; slightly lower than A-Reit.
