FTSE STI closed 3,215.22, up 3.12 points or +0.10% with a total volume of 1.80b and a total value of S$2.05b. Total number of advance vs decline was 193 vs 304. Of the 30 component index stocks, 18 closed positive, 10 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.280
2. KepCorp +0.280
3. UOB +0.220
4. SGX +0.130
5. SIA +0.120
5. SembCorp +0.120
The top 5 loser component stocks were :-
1. HKLand US$ -0.150
2. JSH 500US$ -0.080
3. StarHub -0.060
4. Wilmar -0.060
5. Genting -0.050
US markets were mixed yesterday night with DJ ended in negative while both Nasdaq and S&P500 were positive. Markets were able to stabilize a little after past days of selling off with concern over more tightening measures from China to curb inflation and Ireland required bailout. Asian bourses also managed to recover for past days of selling down with Nikkei closed +2.06%, SSE +0.94% and HSI +1.82%. STI was subjected to selling pressure in the early part of the day as market reopened after yesterday holiday. As soon as regional bourses able to maintain in positive region, coupling with positive DJ future and strong opening from European markets, STI was able to regain lost ground and closed +0.10% with 18 out of 30 component stocks closed in the positive. In the morning, Singapore released its 3Q GDP with a number of -18.7% vs -19.8% ( expected ) and MIT was able to maintain a FY2010 GDP of around +15%. It also projected FY2011 GDP to be around 4% - 6%. The better than expected GDP figure lifted off some bearish sentiment off the market. STI with its support at 3,200 was able to hold ground for today.
