FTSE STI closed 2,271.45, down 16.71 points or 0.73% with a total volume of 1.86b and a total value of S$1.52b. Total number of advance vs decline was 259 vs 231. Of the 30 component index stocks, 7 closed positive, 22 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. ST Engg +0.060
2. StarHub +0.060
3. HKLand US$ +0.050
4. Capitaland +0.040
5. SMRT +0.030
The top 5 loser component stocks were :-
1. JMH 400US$ -0.840
2. Jardine C&C -0.660
3. JSH 500US$ -0.340
4. NOL -0.210
5. DBS -0.160
US markets fell at least 1% yesterday night after a mix series of economic data. PPI and Housing Start data provided good sign for the US economy but Industrial Production came in weak for the month of May drag the sentiment. Asia bourses were mixed and trading in a narrow range. Nikkei closed +0.90%, SSE +1.232% and HSI -0.45%. STI were down for most of the day and managed to turn positive when SSE reversed to close positive but with HSI closing down and Europe open weak, it soon parses the gain and closed -0.73%. Despite index down for STI, the number of gainer still outnumbered number of loser. Investors will be looking for tonight US CPI data and comment from US Fed Chief to get any direction.
