FTSE STI closed 3,153.01, up 5.34 points or +0.17% with a total volume of 1.20b and a total value of S$1.63b. Total number of advance vs decline was 242 vs 183. Of the 30 component index stocks, 14 closed positive, 12 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.320
2. DBS +0.280
3. OCBC +0.180
4. KepCorp +0.120
5. UOB +0.120
The top 5 loser component stocks were :-
1. Jardine C&C -0.760
2. CityDev -0.260
3. HKLand US$ -0.200
4. SIA -0.180
5. StarHub -0.120
US markets closed positive yesterday night after upbeat economic data. Asian bourses were however mixed for the day as investors cautious over the weekend and anticipating next week would be a quiet week as fund managers going on holiday. Nikkei closed -0.07%, SSE -0.15% and HSI +0.20%. STI managed to edge out a gain on close with banking stocks providing the support. However, from observation near closing period, there was quite a number of large quantity transaction matching out on close indicating possible fund managers window dressing and closing their books for the year. During lunch time, Singapore Government released its November non-oil export data and was below expectation. Nevertheless, for the whole year, the figure still indicating growth in Singapore economy.
STI immediate support is at 3,120 with resistance tag at 3,185
