FTSE STI closed 3,324.13, up 5.43 points or +0.16% with a total volume of 1.25b and a total value of S$1.07b. Total number of advance vs decline was 199 vs 178. Of the 30 component index stocks, 13 closed positive, 5 unchanged and 12 in the red. The top 5 gainer component stocks were :-
1. JSH 500USD +0.510
2. DBS +0.300
3. JMH 400USD +0.160
4. HongkongLand USD +0.120
5. SGX +0.110
The top 5 loser component stocks were :-
1. Jardine C&C -0.360
2. UOB -0.200
3. KepCorp -0.110
4. Sembcorp -0.050
5. Capitaland -0.040
US markets closed positive yesterday and Asian bourses mostly positive for the day with Nikkei +0.66%, SSE +0.47% and HSI -0.27%. STI rose 0.16% in typical daily volume and value with 13 of the 30 index stocks posted gain.
US markets rose more than 1% in reaction to better than expected retail sales data for November jumping more than expected but only managed to close average +0.40% as oil price fell to below US$60/barrel. Asian bourses were able to close mostly positive for the day. Nikkei was up ahead of this Sunday election as most expected PM Shinzo Abe's party to win the majority. China was having a mixed economic data day with industrial production coming below expectation but retail sales better than expectation.
STI managed to stay positive for the day despite oil-related stocks continued the sell down with the decline in oil price. Oil-related stocks will continue to face with selling pressure as nobody know where oil price will bottom out. For broader market, it was pretty much the same old story of staying range bound.
