FTSE STI closed 1,843.41, down 43.84 points or 2.32% with a total volume of 1.72b and a total value of S$1.34b. Of the 30 component index stocks, 6 closed positive, 23 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JSH 500US$ +0.260
2. KepCorp +0.070
3. Wilmar +0.030
4. HKLand US$ +0.030
5. SMRT +0.010
The top 5 loser component stocks were :-
1. JMH 400US$ -4.100
2. Jardine C&C -0.320
3. CityDev -0.210
4. SIA -0.200
5. DBS -0.170
US markets recovered at least 1% yesterday night after comment from Treasury Secretary indicated that the stress tests will show most of the 19 biggest US banks have enough capital. Asia markets however didn't react well with the rebound. Most opened weak and closed down. Nikkei closed +0.18%, HSI -2.66% and SSE -2.94%. STI traded negative throughout the days with investors selling down the blue chips. Bank and Property stocks led the fall.
