FTSE STI closed 1,559.03, down 27.29 points or 1.72% with a total volume of 996M and a total value of S$805M. Total number of advance vs decline was 173 vs 207. Of the 30 component index stocks, 8 closed positive, 20 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. JSH 500US$ +0.200
2. Wilmar +0.120
3. Olam +0.060
4. SembCorp +0.030
5. HKLand US$ +0.020
The top 5 loser component stocks were :-
1. UOB -0.530
2. DBS -0.300
3. SIA -0.270
4. CityDev -0.260
5. OCBC -0.150
US markets closed negative yesterday in a last hour selling down due to profit taking. Asia bourses mostly remained cautious for the day with Nikkei closed +3.18%, HSI -0.76% and SSE +3.02%. STI opened down but managed to move to positive region for a brief session and soon fell back to negative region when investors taking out profit. Bank and property stocks led the drop but commodity stocks bucked the trend. Despite a slightly bullish sentiment, investors still remain very cautious about the current rebound.
