FTSE STI closed 1,829.69, down 54.06 points or 2.87% with a total volume of 2.03b and a total value of S$1.2b. Total number of advance vs decline was 316 vs 194. Of the 30 component stocks, 10 of them closed positive and 20 closed in the negative. The top 5 gainer component stocks were :-
1. SIA +0.200
2. SIA Engg +0.070
3. Cosco +0.050
4. F&N +0.040
5. Yanlord +0.035
The top 5 loser component stocks were :-
1. Jardine C&C -0.700
2. JMH 400US$ -0.680
3. JSH 500US$ -0.400
4. UOB -0.360
5. DBS -0.320
Even though US markets closed flat prior to the US Presidential election and Nikkei closed with a +6%, STI and HSI still close in the red. Investors are starting to cashing out to lock in profit for the recent mini-rally while staying cautious on the outcome of the US Presidential election. A point to note on today trading volume and value was that board market was up and mostly penny stocks play. Blue chips mostly trading sideway. This is quite a worrying signal given that blue chips look like tired and ready for a pull-back and now is penny play.
