FTSE STI closed 1,819.20, down 49.62 points or 2.66% with a total volume of 1.12b and a total value of S$993M. Total number of advance vs decline was 146 vs 308. Of the 30 component stocks, 6 closed positive, 21 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.400
2. CapitaMall +0.100
3. SingTel +0.040
4. Capitaland +0.020
5. Cosco +0.015
The top 5 loser component stocks were :-
1. JMH 400US$ -1.460
2. SIA -0.880
3. CityDev -0.400
4. UOB -0.400
5. KepCorp -0.340
US markets fell at least 5% overnight after Obama was elected to be the 44th president. Investors shift their focus back to the ailing economy instead and taking profit off for the recent mini-rally. With the drop, Asian bourses reacted the same with Nikkei and HSI all closed at least 6% down. STI somehow managed to crawl back some losses on closed due to some of the component stocks like SingTel, SGX, CapitaMall and UOB gapping up on closed. Tonight ECB and BOE are expected to cut interest rate and if US tonight no unexpected bad news, there could be a possibility of a gapping up on Friday morning and then late in the afternoon profit taking kicks in as investors will want to stay cautious and sideline prior to the US employment situation data on Friday night.
