Tuesday, October 5, 2010

Market Summary -- 5th Oct 10

FTSE STI closed 3,162.36, up 4.91 points or +0.16%.  Total volume is 1.91b and total value of S$1.67b.  Total number of advance vs decline was 296 vs 203.  Of the 30 component index stocks, 19 closed positive, 9 closed negative and 5 remained unchanged.  The top 5 gainer component stocks were :-

1. JSH 500US$  +0.320
2. JMH 400US$  +0.160
3. KepCorp  +0.160
4. OCBC  +0.150
5. SembCorp  +0.130
5. SembMar  +0.130

The top 5 loser component stocks were :-

1. Jardine C&C  -0.400
2. HKLand US$  -0.170
3. CityDev  -0.140
4. UOB  -0.120
5. Olam  -0.110

US markets closed negative yesterday night as investors staying cautious ahead of the job data end of this week.  Asian bourses mostly opened in the negative but managed to pare loses and some managed to close in the positive.  Nikkei rebound from negative to close +1.47% after BOJ maintained low interest rate.  HSI closed +0.09% while SSE still closed for holiday.  STI with support at 3,100, reversed earlier loss and closed +0.16% with 19 of the 30 component index stocks closed positive.  European opening in the positive coupling with a positive DJ future lifted the STI sentiment in the afternoon also.