FTSE STI closed 3,332.51, up 1.55 points or +0.05% with a total volume of 993M and a total value of S$778M. Total number of advance vs decline was 171 vs 221. Of the 30 component index stocks, 9 closed positive, 7 unchanged and 14 in the red. The top 5 gainer component stocks were :-
1. JMH 400USD +0.340
2. UOB +0.300
3. Jardine C&C +0.190
4. SIA Engg +0.050
5. Ascendas Reit +0.020
5. SingTel +0.020
5. StarHub +0.020
The top 5 loser component stocks were :-
1. HongkongLand USD -0.140
2. KepCorp -0.100
3. SembMar -0.090
4. CityDev -0.090
5. SembCorp -0.050
US markets closed at least +0.3% yesterday and Asian bourses were mixed for the day in thin trades. Nikkei was closed for holiday, SSE -2.96% and HSI -0.32%. STI started positive but closed flat in thin volume and value with only 9 of the 30 index stocks posted gain.
Both DJ and S&P500 closed at another record high despite slip in oil price again after comment from Saudi Arabia that it will not cut supply to support oil price. Asian bourses going into the festive season were pretty much quiet in trading as most choose to take profit prior to the holiday resulting in most markets fell into the red.
STI like regional bourses was in profit taking mode in particular oil-related stocks which have rebounded sharply for past few sessions. The decline in oil price further added pressure to these stocks too. Market will be quiet for the next few days and perhaps a last ditch of year end window dressing around the last 2 trading days of the year.
