FTSE STI closed 2,297.12, down 66.48 points or 2.81% with a total volume of 899.9M and a total value of S$1.086b. Total number of advance vs decline was 137 vs 302. Of the 30 component stocks, only 3 managed to closed in the positive, 26 closed negative and 1 remained unchanged. The 3 gainer component stocks were :-
1. StarHub +0.040
2. Cosco +0.020
3. Yanlord +0.010
The top 5 loser component stocks were :-
1. JMH 400US$ -1.480
2. KepCorp -0.680
3. SIA -0.620
4. JSH 500US$ -0.500
5. CityDev -0.360
Following a drop in the US markets yesterday, STI together with other Asian bourses except Taiwan closed in the negative. Investors are cautious on tonight outcome of the House of Representatives voting for the US$700b revised rescue package. With a falling crude oil price, offshore and marine stocks were under heavy selling pressure.
