FTSE STI closed 1,518.64, down 25.70 points or 1.66% with a total volume of 1.07b and a total value of S$866M. Total number of advance vs decline was 132 vs 244. Of the 30 component index stocks, 4 closed positive and 26 closed negative. The 4 gainer component stocks were :-
1. JMH 400US$ +0.540
2. JSH 500US$ +0.100
3. KepCorp +0.020
4. CapitaMall +0.010
The top 5 loser component stocks were :-
1. SIA -0.280
2. CityDev -0.240
3. DBS -0.150
4. OCBC -0.130
5. Jardine C&C -0.090
US markets rebounded yesterday night with a possible second stimulus package from China and President Obama's plan to assist the default housing mortgage loan. Asia markets opened higher in the morning with investors snapping up blue chips and S-shares; awaiting for China announcement of a possible second stimulus package. However, China did not announced a second stimulus package which triggered profit taking and caused indexes to loose its morning gain. Nikkei closed +1.96%, HSI -0.97% and SSE +1.05%. STI was down 1.66% with bank, property and SIA leading the falls. Investors still maintain cautious ahead of Friday US announcement of its unemployment situation.
