FTSE STI closed 1,880.58, down 33.08 points or 1.73% with a total volume of 2.11b and a total value of S$1.75b. Total number of advance vs decline was 219 vs 238. Of the 30 component index stocks, 8 closed positive, 20 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. JSH 500US$ +0.680
2. JMH 400US$ +0.640
3. Jardine C&C +0.160
4. CapitaMall +0.080
5. Kepland +0.020
5. NobleGrp +0.020
The top 5 loser component stocks were :-
1. CityDev -0.300
2. Capitaland -0.280
3. UOB -0.240
4. F&N -0.240
5. SIA -0.220
Despite US markets closed firmly positive last night, Asia bourses were mixed. Nikkei closed +1.74%, HSI closed -3.37% and SSE closed -0.68%. STI closed -1.73% with property stocks taking the hit. Capitaland fell $0.28 when news of it might do a right issue surfaced in the afternoon. Banks and Offshore/Marine stocks also pull back after yesterday surged. Market looks like going to do a pull back these few days with immediate support at 1,850.
