FTSE STI closed 1,874.85, down 21.71 points or 1.14% with a total volume of 1.72b and a total value of S$1.06b. Total number of advance vs decline was 199 vs 264. Of the 30 component index stocks, 7 closed positive, 19 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. KepCorp +0.190
2. SIA Engg +0.030
3. SembCorp +0.010
4. SPH +0.010
5. Wilmar +0.010
5. SembMar +0.010
The top 5 loser component stocks were :-
1. Jardine C&C -0.580
2. OCBC -0.160
3. JSH 500US$ -0.160
4. DBS -0.150
5. CityDev -0.140
5. SIA -0.140
US markets closed with modest gain last Friday despite profit taking. Asia bourses were pretty mixed on opened this morning. Bargain hunting allowed Nikkei to close +0.19%, HSI +0.95% and SSE +2.14%. STI was floating around the 1,900 level but failed to move above it. As late afternoon profit taking kicked in, STI closed -1.14%. Bank, Property and SingTel fell weighing down the index but offshore/marine counters managed to post gain to offset the drop. Investors were cautious ahead this week with more corporate earnings from US and locally coming out.
