Thursday, September 25, 2008

Market Summary -- 25th Sep 08

FTSE STI closed 2,444.24 down 33.36 points or 1.35% with a total volume of 875.7M and a total value of S$864.2M. Total number of advance vs decline was 161 vs 297. Of the 30 component stocks, 6 closed positive, 22 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-

1. HKLand US$ +0.070
2. JMH 400US$ +0.060
3. DBS +0.040
4. Cosco +0.030
5. StarHub +0.020
5. JSH 500US$ +0.020

The top 5 loser component stocks were :-

1. Capitaland -0.130
1. KepCorp -0.130
3. SIA -0.120
3. NOL -0.120
3. Wilmar -0.120
3. F&N -0.120
3. SingTel -0.120

It was a quiet market for STI today with very thin volume and value. Investors still very cautious on the outcome of the US Government rescue package of US$700b. US Congress still have yet to approve of the package.