FTSE STI closed 1,685.23, down 23.54 points or 1.38% with a total volume of 687M and a total value of S$727M. Total number of advance vs decline was 133 vs 248. Of the 30 component index stocks, 6 closed positive, 22 closed negative and 2 remain unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.220
2. JSH 500US$ +0.140
3. KepCorp +0.060
4. HKLand US$ +0.020
4. SIA Engg +0.020
The top 5 loser component stocks were :-
1. UOB -0.340
2. DBS -0.180
3. Capitaland -0.140
3. OCBC -0.140
5. CityDev -0.100
US markets pulled back yesterday night after poor Jobless Claims and Housing Starts data. Asia markets also reacted trading down for the day. Nikkei closed -3.81%, HSI closed -0.63% and SSE closed -0.71%. Banks and Property stocks led the fell. Rumor was that Capitaland is possible of doing rights issue of 1-for-4 at $2.20/share and this has caused Capitaland share price to drop 5.6%. Investors also unwilling to take fresh position over the CNY period.
