FTSE STI closed 3,525.19, down 6.42 points or -0.18% with a total volume of 2.50b and a total value of S$1.40b. Total number of advance vs decline was 226 vs 237. Of the 30 component index stocks, 11 closed positive, 3 unchanged and 16 in the red. The top 5 gainer component stocks were :-
1. DBS +0.190
2. HongkongLand USD +0.090
3. UOB +0.090
4. ComfortDelGro +0.050
5. SIA +0.040
The top 5 loser component stocks were :-
1. JMH USD -0.860
2. JSH USD -0.610
3. SGX -0.190
4. KepCorp -0.190
5. Jardine C&C -0.120
US markets closed slight down yesterday and Asian bourses were mostly in the red with Nikkei -1.17%, SSE +2.23% and HSI -0.31%. STI slide another 0.18% in lighter volume and value than past days with 11 of the 30 index stocks posted gain.
US markets failed to hold gain despite crude oil price rebound as focus is on corporate earning which so far has been mixed. Asian markets closed mostly down due to profit taking with exception of SSE rallied more than 2% hitting new 7-year high. Profit taking for the weekend as investors digest the recent rally.
STI pulled back another 0.18% as short-term traders and punters took profit for the weekend. While the present market sentiment might be biased towards the downside given that STI hit new 7-year high just days ago and need to digest and consolidate for that gain, a testing of 3,500 is possible next week. Earning will be getting into full steam next week with most of the S-Reits releasing their earning.
