FTSE STI closed 3,137.01, up 10.71 points or +0.34% with a total volume of 1.63b and a total value of S$1.66b. Total number of advance vs decline was 251 vs 220. Of the 30 component index stocks, 16 closed positive, 10 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.200
2. CityDev +0.120
3. JSH 500US$ +0.100
4. SembCorp +0.090
5. Jardine C&C +0.060
The top 5 loser component stocks were :-
1. SIA -0.140
2. DBS -0.100
3. UOB -0.100
4. ST Engg -0.040
5. Olam -0.020
5. CapMallsAsia -0.020
5. F&N -0.020
5. SPH -0.020
US markets fell at least 1% yesterday night with concern over the tension between the 2 Koreans, Eurozone debt issue and tightening measures from China despite some upgrade of FY2010 GDP from 2% to 2.5%. Asian bourses however were mostly positive, rebound from yesterday sold down as the tension between the 2 Koreans eased. Nikkei re-opened after yesterday holiday closed -0.84%, SSE +1.12% and HSI +0.56%. KOSPI only closed -0.15% despite the Koreans issue. STI managed to rebound from today intra-day low of 3,118 to close at 3,137.01 up 10.71 points as bargain hunting came in to snap up the battled down blue chips. 16 of the 30 component stocks managed to close positive. Daily volume was thin as compared with yesterday nevertheless. A flattish European markets opening and with a sudden reversal of DJ future to the red caused some profit taking during the close time as investors taking cautious stand ahead of so many uncertainties. Ireland will be reveal its 4-year rescue plan today after agreeing to EU/IMF bailout.
