FTSE STI closed 3,367.69, up 14.01 points or +0.42% with a total volume of 891M and a total value of S$580M. Total number of advance vs decline was 228 vs 172. Of the 30 component index stocks, 19 closed positive, 4 unchanged and 7 in the red. The top 5 gainer component stocks were :-
1. JSH 500USD +0.320
2. DBS +0.210
3. Jardine C&C +0.200
4. JMH 400USD +0.110
5. Kep Corp +0.100
5. SIA Engg +0.100
5. UOB +0.100
The top 5 loser component stocks were :-
1. SIA -0.080
2. Sembcorp -0.050
3. HongkongLand USD -0.030
4. Capitaland -0.020
5. Olam -0.010
5. ComfortDelGro -0.010
5. CapitaMall -0.010
US markets closed positive last Friday and Asian bourses were mostly positive for the day with Nikkei -0.50%, SSE +0.37% and HSI +1.82%. STI rose 0.42% in very thin volume and value with 19 of the 30 index stocks posted gain.
The Santa Claus rally continued for Walls Street with both DJ and S&P500 again hitting record high. Asian markets got the positive sentiment and mostly traded positive. Nikkei opened positive but fell to the red as news of suspected Ebola case caused the drop. Rest of Asia were mostly positive as investors gearing up for end of the year and also some important economic data at the end of the week like China PMI.
STI continued to move up despite the thin volume and value. Most were away on holiday resulting in the thin volume and value but the general sentiment was positively biased. Can see accumulation probably for end of the year window dressing and next month Capricorn effect but what should be focus on should be positioning for next month earning season in particularly companies dishing out dividend for their FY earning.
