FTSE STI closed 1,533.40, down 61.47 points or 3.85% with a total volume of 1.14b and a total value of S$1.05b. Total number of advance vs decline was 121 vs 347. Of the 30 component index stocks, 4 closed positive and 26 closed negative. The 4 gainer component stocks were :-
1. JSH 500US$ +0.200
2. Wilmar +0.040
3. SingTel +0.020
4. GoldenAgr +0.005
The top 5 loser component stocks were :-
1. UOB -0.740
2. DBS -0.430
3. Jardine C&C -0.330
4. OCBC -0.320
5. SIA -0.310
US markets fell last Friday and DJI is very close to the 7,000 level and many expecting it to drop to 6,000 level soon. Asia bourses opened with a bearish sentiment for today trading. Nikkei closed -3.81%, HSI -3.86% but SSE bucked the trend with +0.51%. HSBC announced its result today together with rights issue and that drag the banking stocks around Asia. STI down 3.85% with banking stocks leading the fall. Investors are nervous of further bad news from banks now.
