FTSE STI closed 3,191.88, up 10.47 points or +0.33% with a total volume of 1.29b and a total value of S$1.35b. Total number of advance vs decline was 249 vs 201. Of the 30 component index stocks, 19 closed positive, 8 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. SembMar +0.060
2. F&N +0.060
3. HKLand US$ +0.050
4. Olam +0.040
5. Genting +0.040
5. OCBC +0.040
The top 5 loser component stocks were :-
1. JMH 400US$ -1.100
2. JSH 500US$ -0.140
3. DBS -0.060
4. Jardine C&C -0.060
5. ST Engg -0.040
US markets were mixed yesterday night as investors were unsettled by US Fed chief's comment on economy outlook. DJ and S&P500 closed in the red while Nasdaq edged out a gain. Asian bourses were mixed for the day but most managed to close in the positive. Nikkei closed -0.26% concern about the rising yen, SSE recovered from 1% down to close +0.65% as initially investors were worried that China might hike interest rate over the weekend ahead of next Monday November's inflation data but soon factoring in that scenario. HSI closed +0.82%. STI reversed earlier loss which hit intra-day low of 3,164 ( the lower boundary of the channel ) and rebound from there to close +0.33% with resistance capped at 3,200. Positive closing from regional bourses coupling with positive European opening and DJ future attracted bargain hunter to snatch up the blue chips.
