FTSE STI closed 3,182.32, down 3.10 points or -0.10% with a total volume of 1.51b and a total value of S$1.07b. Total number of advance vs decline was 276 vs 190. Of the 30 component index stocks, 10 closed positive, 14 closed negative and 6 remained unchanged. The top 5 gainer component stocks were :-
1. SIA +0.180
2. ST Engg +0.070
3. Olam +0.040
4. Wilmar +0.030
5. F&N +0.020
5. CapMallsAsia +0.020
5. CityDev +0.020
The top 5 loser component stocks were :-
1. JSH 500US$ -0.240
2. Jardine C&C -0.120
3. OCBC -0.080
4. HKLand US$ -0.080
5. UOB -0.060
US markets closed positive last Friday due to better US consumer data and US exports in October surged to their highest levels in more than 2 years. Over the weekend, China released its November CPI to be at 5.1% and vowed to curb rising inflation next year despite no interest rate hike at the moment. Asian bourses were mostly positive for the day with Nikkei closed +0.80%, SSE +2.88% and HSI +0.67%. STI however was range bound in a very narrow range between 3,180 - 3,190 and closed down 0.10% despite a positive closing from SSE. Investors were cautious in a thin volume trading day taking off profit near closing and see no catalysts to buy up.
