FTSE STI closed 3,283.07, down 7.40 points or -0.22% with a total volume of 6.96b and a total value of S$1.67b. Total number of advance vs decline was 252 vs 187. Of the 30 component index stocks, 11 closed positive, 2 unchanged and 17 closed negative. The top 5 gainer component stocks were :-
1. JSH 500US$ +0.210
2. SIA +0.100
3. KepCorp +0.070
4. CapitaMall +0.030
5. SPH +0.020
The top 5 loser component stocks were :-
1. Jardine C&C -0.370
2. HKLand US$ -0.090
3. UOB -0.050
4. ST Engg -0.040
5. Wilmar -0.040
5. OCBC -0.040
US markets closed flat again despite a fall in jobless claims. Asian bourses were mixed also with Nikkei -1.18%, HSI +0.13% and STI -0.22%. STI volume has shrank from yesterday more than 10b to around 7b while daily value remained the same. Only 11 of the 30 index stocks managed to register positive closing.
G20 meeting will be the event to watch over the weekend for investors in particular the currency issue in which Japanese Yen has weaken sharply for past 1 month (good for Japanese exporter but might not benefit globally), probably some balanced stance would be announced during the G20 meeting.
Again STI was dominated by penny plays as investors staying cautious on the blue chips as most expecting some sort of correction around the corner. OCBC announced its earning this morning beating expectation but price still fall 0.4%. Lot of sell on news have been happening this earning season. Investors aiming for earning play should tone down already. Laggards with good fundamental (from their recent earnings) and are trading below their NAV should be something one can catch during pull back.
