FTSE STI closed 1,776.25, down 29.77 points or 1.65% with a total volume of 902M and a total value of S$978M. Total number of advance vs decline was 116 vs 311. Of the 30 component index stocks, 6 closed positive and 24 closed negative. The top 5 gainer component stocks were :-
1. HKLand US$ +0.090
2. Jardine C&C +0.060
3. SingTel +0.030
4. NOL +0.020
4. Wilmar +0.020
4. StarHub +0.020
The top 5 loser component stocks were :-
1. KepCorp -0.440
2. JMH 400US$ -0.360
3. DBS -0.310
4. SGX -0.300
5. UOB -0.240
US markets pulled back last Friday after bad unemployment rate. Asia bourses also followed today. HSI closed -2.83% and SSE closed -0.24%. Nikkei was closed for the day. STI continued the fall closing below the psychological level of 1,800 with Offshore/Marine, bank and property stocks leading the fall. Investors are cautious on the US ailing economy and at the same time local company corporate earning with SPH announcing its quarterly result today after market close. STI is looking at support level 1,710 at the moment and immediate resistance is the 1,800 level.
