FTSE STI closed 2,476.51 down 67.62 points or 2.66% with a total volume of 870M and a total value of S$1.01b. Total number of advance vs decline was 156 vs 326. Of the 30 STI component stocks, 27 closed in the negative, 2 closed positive and 1 remain unchanged. The top 5 loser component stocks were :-
1. Jardine C&C -0.960
2. UOB -0.440
3. DBS -0.320
4. KepCorp -0.300
5. SGX -0.280
5. CityDev -0.280
The 2 gainer component stocks were :-
1. SIA Engg +0.130
2. Noble Grp +0.020
STI market was in line with other Asia markets in reaction to a sharp drop in US markets yesterday. Investors still remain cautious on the Bush administration US$700b rescue package and according to source, US congress might have delay in deciding whether to approve the rescue package or not.
