FTSE STI closed 1,749.67 down 9.47 points or 0.54% with a total volume of 766M and a total value of S$638M. Total number of advance vs decline was 152 vs 237. Of the 30 component stocks, 14 closed positive and 16 closed negative. The top 5 gainer component stocks were :-
1. Jardine C&C +0.160
2. CityDev +0.150
3. SIA +0.140
4. SingTel +0.100
5. Wilmar +0.090
The top 5 loser component stocks were :-
1. JMH 400US$ -2.480
2. JSH 500US$ -0.660
3. DBS -0.240
4. SGX -0.120
5. Kepland -0.110
5. SembCorp -0.110
Asia bourses opened in the negative in the morning in reaction to US last Friday closing down and also no instant solution from G20 meeting over the weekend. However, it soon recovered from the intra-day low and managed to close either in the positive or relatively flat. Japan has officially entered a technical recession when its 3Q GDP contracted by 0.1% from the previous quarter. Singapore non-oil exports fell 7.4% in October from September missing the forecast of 0.5% decline. October exports were down 15% on-year. Investors are very cautious and mostly stay sideline as such STI is traded with very thin volume; it has been in declining volume for whole of last week. This decline in volume and very much range bound in index value might be a good sign for the next big movement.
