FTSE STI closed 3,168.57, up 5.01 points or +0.16% with a total volume of 1.09b and a total value of S$404M. Total number of advance vs decline was 182 vs 128. Of the 30 component index stocks, 6 closed negative, 4 unchanged and 20 closed positive. The top 5 gainer component stocks were :-
1. JMH 400US$ +1.110
2. JSH 500US$ +0.250
3. SIA Engg +0.120
4. OCBC +0.050
5. Jardine C&C +0.050
5. ST Engg +0.050
The top 5 loser component stocks were :-
1. SingTel -0.080
2. KepCorp -0.030
3. GLP -0.020
4. HKLand US$ -0.010
5. F&N -0.010
US markets fell at least 0.90% last Friday due to the fiscal cliff. Asian bourses were mixed for the day. Nikkei was closed for holiday. SSE presently at +0.48% and HSI +0.16%. STI flat with +0.16% after half-day trading on Christmas eve. 20 of the 30 index stocks managed to post positive closing.
There will be no deal on fiscal cliff done before Christmas and Obama is pushing for some solution after Christmas as the House will be back to work on 27th December 2012. The last few days of the year will be critical as whether US can come out a short-term or long-term fix for the fiscal cliff. Markets should be volatile as the clock ticks.
