FTSE STI closed 3,067.13, down 0.80 points or -0.03% with a total volume of 1.65b and a total value of S$1.21b. Total number of advance vs decline was 213 vs 171. Of the 30 component index stocks, 13 closed positive, 3 unchanged and 14 closed negative. The top 5 gainer component stocks were :-
1. UOB +0.100
2. OCBC +0.070
3. Wilmar +0.050
4. SIA Engg +0.040
5. DBS +0.030
5. KepCorp +0.030
The top 5 loser component stocks were :-
1. JMH 400US$ -1.150
2. Jardine C&C -0.340
3. SembCorp -0.050
4. SembMar -0.040
5. HKLand US$ -0.030
US markets closed negative with at least 0.1% drop yesterday night with concern on EU leaders disagreement with the Banking-Union issue. Furthermore, Apple iPhone 5 sale figure over the weekend also missed expectation which drag down Nasdaq. Asian bourses were mixed for the day with Nikkei +0.25%, SSE -0.19% and HSI +0.02%. STI swung between positive and negative closed -0.03% in moderate volume. 13 of the 30 index stocks managed to register positive closing.
The lacking of catalysts (for both the upside and downside) caused market to be flat as investors awaiting for next month earning season to give a cue of market direction. Trading activities on STI for the day were mainly by the day punters who open and close positions within the day, trying to play the range of the stock prices.
Tomorrow should have a clearer view of which are the selective stocks going for this Friday 3Q window dressing.
