FTSE STI closed 3,308.89, up 13.12 points or +0.40% with a total volume of 6.88b and a total value of S$1.76b. Total number of advance vs decline was 309 vs 161. Of the 30 component index stocks, 8 closed negative, 4 unchanged and 18 closed positive. The top 5 gainer component stocks were :-
1. UOB +0.170
2. ST Engg +0.110
3. DBS +0.090
4. StarHub +0.090
5. Wilmar +0.080
5. SIA Engg +0.080
The top 5 loser component stocks were :-
1. JMH 400US$ -0.200
2. SIA -0.070
3. CityDev -0.040
4. JSH 500US$ -0.030
5. HKLand US$ -0.030
US markets rose at least 0.3% to hit 5-year high yesterday. Asian bourses taking the cue and closed positive for the day. Nikkei +0.84%, SSE +0.60% and HSI +0.71%. STI continued yesterday advance closing +0.40% with volume higher than yesterday and moderate value. 18 of the 30 index stocks posted positive closing.
Some M&A activities coupling German investor sentiment hitting more than expected did the trick for the day. While those were positive news but the immediate road block will be 1st March when US will have the across the board spending cut should something are not being proposed from now till then. Investors will be keeping close watch on this.
STI again dominated with penny play, rotating from one to another as investors are cautious on the blue chips since more of them already dished out their earning, nothing much of a surprise further. Another event that keep STI investors closely watch will be next Monday, 25th February, Singapore Budget day. Infrastructure related stocks are getting some momentum in speculation of possible good news being delivered on that day.
