FTSE STI closed 3,508.61 up 5.36 points or +0.15% with a total volume of 2.05b and a total value of S$1.29b. Total number of advance vs decline was 262 vs 199. Of the 30 component index stocks, 15 closed positive, 2 unchanged and 13 in the red. The top 5 gainer component stocks were :-
1. JMH USD +1.040
2. Jardine C&C +0.960
3. JSH USD +0.780
4. UOB +0.120
5. Kep Corp +0.110
5. Sembcorp +0.110
The top 5 loser component stocks were :-
1. DBS -0.240
2. CityDev -0.080
3. SingTel -0.060
4. AscendasReit -0.060
5. StarHub -0.040
US markets rebounded average 1% yesterday and Asian bourses mostly rally for the day with Nikkei +1.40%, SSE +1.83% and HSI +2.79%. STI gain but under-performed regional bourse with a +0.15% closing only in slightly thinner daily volume and value. 15 of the 30 index stocks posted gain.
US markets rebounded on news of China stimulus after PBoC cut 1% of RRR over the weekend. The Greece fear also slightly eased after Greek Government ordered for excess funds to be transferred to its Central Bank to prepare for debt payment. However, focus will still be this Friday when EU Finance Ministers meet to discuss on the Greece issue. Meanwhile, investors are watching for US corporate earning this week with some of the big blue releasing their earnings.
STI rebounded from yesterday drop but its performance was lacking behind those of regional markets. Again, index was held up by the Jardine group of stocks which were tracking the performance of HSI. Daily volume and value were also thinner than past days as short-term traders and punters temporary taking a pause to digest on the market direction. While there is a momentum for further upside, there is also cautious on not being caught at the wrong end of the market.
