FTSE STI closed 1,827.61 down 52.97 points or 2.82% with a total volume of 991M and a total value of S$1.06b. Total number of advance vs decline was 121 vs 270. Of the 30 component index stocks, 2 closed positive, 25 closed negative and 3 remained unchanged. The 2 gainer component stocks were :-
1. ST Engg +0.040
2. StarHub +0.030
The top 5 loser component stocks were :-
1. JMH 400US$ -0.780
2. CityDev -0.480
3. DBS -0.470
4. JSH 500US$ -0.460
5. Jardine C&C -0.380
Asia bourses in reaction to US markets pulling back yesterday all closed negative with Nikkei -3.93%, HSI -3.81% and SSE -2.38%. China bank stocks were under heaving selling pressure when news of HK Li KaShing selling off Bank of China stocks. This has produced a bearish sentiment for Asia bourses and investors also taking out profit after the recent run up. STI immediate support now 1,800 then 1,750. upside would be re-testing the 1,930 level.
