FTSE STI closed 3,078.23, up 15.62 points or +0.51% with a total volume of 1.41b and a total value of S$1.23b. Total number of advance vs decline was 270 vs 127. Of the 30 component index stocks, 4 closed negative and 26 closed positive. The top 5 gainer component stocks were :-
1. Jardine C&C +0.200
2. CityDev +0.160
3. KepCorp +0.160
4. JSH 500US$ +0.150
5. DBS +0.070
5. SIA +0.070
5. SembCorp +0.070
The 4 loser component stocks were :-
1. JMH 400US$ -0.280
2. SPH -0.020
3. HKLand US$ -0.020
4. StarHub -0.010
US markets closed mixed yesterday night after concern of weak China flash PMI data. Asian bourses were mostly positive for the day with Nikkei +0.25%, SSE +0.09% and HSI +0.70%. STI rose 0.51% in thin volume but 26 of the 30 index stocks managed to register positive closing.
It was stocks and indices option and future expiry data hence there was a little bit of popping up of selective stocks especially during closing with high volume transaction for STI. Other than that, on the surface most stocks appeared to be biased on selling mode ie distribution but do keep the option open that they could be in consolidation mode ( in higher price level ).
On global front, nothing much has changed still the same old issues with weak US, Europe and China growth. Investors should be looking at next Friday 3Q window dressing and next month earning season.
