FTSE STI closed 2,411.46, down 32.78 points or 1.34% with a total volume of 944.9M and a total value of S$1.056b. Total number of advance vs decline was 162 vs 329. Of the 30 component stocks, 24 closed negative, 4 closed positive and 2 remained unchanged. The top 5 loser component stocks were :-
1. Jardine C&C -0.480
2. KepCorp -0.260
3. SIA -0.240
4. Capitaland -0.180
5. CityDev -0.170
The 4 gainer component stocks were :-
1. ST Engg +0.040
2. JMH 400US$ +0.040
3. DBS +0.020
4. Yanlord +0.020
Despite a yesterday rebound for the US markets, whole of Asia markets were down today as the US Government rescue package of US$700b was stalled in approval by the US Congress, which heavily weighed on investors. US Congress will be working throughout the weekend to resolve the issue.
