FTSE STI closed 3,146.50, up 9.91 points or +0.32% with a total volume of 3.59b and a total value of S$1.11b. Total number of advance vs decline was 308 vs 164. Of the 30 component index stocks, 17 closed positive, 2 unchanged and 11 in the red. The top 5 gainer component stocks were :-
1. Jardine C&C +1.450
2. JMH 400US$ +0.270
3. UOB +0.120
4. Kep Corp +0.110
5. JSH 500US$ +0.100
The top 5 loser component stocks were :-
1. OCBC -0.060
2. ST Engg -0.050
3. SIA -0.030
4. SGX -0.030
5. CityDev -0.030
US markets fell average 0.90% yesterday and Asian bourses mostly rebounded from yesterday selling off. Nikkei +0.30%, SSE reopened after 1 week break closed +1.08% and HSI +0.89%. STI tracking regional bourses rose 0.32% in thin volume and value day. 17 of the 30 index stocks closed positive.
There was no surprise US markets fell yesterday night as US Government still partially shutdown and no new development from US lawmakers on resolving the shutdown and debt ceiling issue. Asian bourses however rebounded from yesterday selling off as news that US President Obama is willing to accept short-term solution to reopen the US Government, a move that most considering a compromise. Another event that is taking place but overshadowed by the US issue was the APEC meeting in Indonesia, though US President did not attend that due to the US Government shutdown, positive development was raised during the meeting that concerning the growth in Asia.
STI crawled back some gain today and most of the penny stocks managed to rebound from yesterday selling off but the thin volume and value indicating most preferred to sideline and wait for US issue to resolve. Take a close look, stocks that are about to release their earning this month are slowly edging up and this is something that cannot be ignored despite the current uncertainty around US.
