Tuesday, March 22, 2011

Market Summary -- 22nd Mar 11

FTSE STI closed 3,002.75, up 19.24 points or +0.65% with a total volume of 1.20b and a total value of S$1.37b.  Total number of advance vs decline was 379 vs 121.  Of the 30 component index stocks, 22 closed positive, 6 closed negative and 2 remained unchanged.  The top 5 gainer component stocks were :-

1. Jardine C&C  +1.400
2. SGX  +0.270
3. JMH 400US$  +0.180
4. SembMar  +0.180
5. SIA  +0.1160
5. JSH 500US$  +0.160

The top 5 loser component stocks were :-

1. F&N  -0.080
2. HKLand US$  -0.070
3. CityDev  -0.060
4. CapMallsAsia  -0.010
5. ST Engg  -0.010
5. Wilmar  -0.010

US markets closed at least +1% yesterday night despite existing home sales data was below expectation as AT&T M&A events, eased in Japan nuclear crisis and middle east unrest attracted investors back enabling DJ to close above 12,000 level.  Asian bourses taking the cue were trading positive for second day in a row.  Nikkei closed +4.36%, SSE +0.34% and HSI +0.76%.  STI with bargain hunting closed above 3,000 level as 22 out of 30 component stocks registered positive closing.  Despite the moving up, the daily volume still thin as investors still exercise cautious.  Investors still monitoring the situation in Japan nuclear plants, middle east unrest and probably an eye on possible 1Q2011 window dressing this month end.