FTSE STI closed 3,219.83, down 0.95 points or -0.03% with a total volume of 1.58b and a total value of S$1.68b. Total number of advance vs decline was 211 vs 258. Of the 30 component index stocks, 12 closed positive, 13 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.400
2. Jardine C&C +0.200
3. KepCorp +0.200
4. JSH 500US$ +0.180
5. SembMar +0.140
The top 5 loser component stocks were :-
1. CityDev -0.160
2. SIA -0.100
3. Wilmar -0.070
4. F&N -0.060
5. Capitaland -0.040
US markets closed positive yesterday night as the markets moved up after President Obama's state of union speech of proposing a series of tax cut measures and freezing of government spending to spur the economy. Furthermore, US Fed maintained low interest rate and reaffirmed of the need of the QE2 to help the recovery of the economy. Asian bourses though mostly traded in positive but on a cautious mode. Nikkei closed +0.74%, SSE +1.49% despite the Government introduced further measures to cooling its property market yesterday and HSI -0.27%. STI gave up earlier gain to profit taking and closed -0.03% with blue chips having a mixed performance day. There might be some end of the month window dressing activities going on at the moment with selected blue chips.
