FTSE STI closed 2,358.91 down 2.43 point or 0.1% with a total volume of 1.435b and a total value of S$2.044b. Total number of advance vs decline was 227 vs 290. Of the 30 component stocks, 13 closed positive, 16 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.800
2. CityDev +0.190
3. UOB +0.140
4. StarHub +0.140
5. SingTel +0.110
The top 5 loser component stocks were :-
1. JMH 400US$ -1.400
2. Capitaland -0.200
3. KepCorp -0.120
4. Sembmar -0.120
5. DBS -0.120
Early part of the day, STI hit an intra-day low of 2239.75, a drop of 121.59 points in reaction to US lower House of Representative failed to pass the US$700b bailout bill that caused US markets to plunge. However, later the days, probably also due to month end window dressing, STI managed to close almost flat and claim back more than 100 points. Global markets sentiment is still uncertain about the US$700b bailout plan. US Government will meet on Thursday to re-work out the plan.
