FTSE STI closed 3,344.89, up 6.45 points or +0.19% with a total volume of 1.10b and a total value of S$906M. Total number of advance vs decline was 159 vs 245. Of the 30 component index stocks, 13 closed positive, 6 unchanged and 11 in the red. The top 5 gainer component stocks were :-
1. JMH 400USD +1.320
2. JSH 500USD +0.550
3. SIA +0.340
4. SGX +0.150
5. UOB +0.100
The top 5 loser component stocks were :-
1. Jardine C&C -0.250
2. CityDev -0.130
3. DBS -0.100
4. Kep Corp -0.080
5. SembMar -0.020
5. Sembcorp -0.020
5. ComfortDelGro -0.020
US markets dropped average 0.8% last Friday. Asian bourses were mixed for the day with Nikkei closed for holiday, SSE -1.65% and HSI +0.45%. STI opened in slight negative but managed to recover closing +0.19% in thin volume and value with 13 of the 30 index stocks posted gain.
US created more jobs than expected last month and unemployment rate dropped to 5.6% but wage growth fell. The mixed non-farm payroll sent US markets to the red. Asian bourses were also divided on the US job data thereby closing mixed. Brent crude oil price also fell below US$50/barrel during the day as analysts slashed oil price forecast. That in general weighed on global oil-related stocks.
STI swing between gain and loss eventually closing flat with oil-related stocks weighing down. Other blue chips were also mixed and broad markets was range bound too. Singapore earning season starts today and focus should be on that now.
