FTSE STI closed 2,237.20, down 34.25 points or 1.51% with a total volume of 1.68b and a total value of S$1.59b. Total number of advance vs decline was 129 vs 363. Of the 30 component index stocks, 7 closed positive, 22 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. SembCorp +0.110
2. KepCorp +0.040
3. ST Engg +0.040
4. SIA Engg +0.040
5. SIA +0.020
The top 5 loser component stocks were :-
1. Jardine C&C -0.580
2. JMH 400US$ -0.460
3. UOB -0.240
4. JSH 500US$ -0.200
5. DBS -0.180
US markets were mixed yesterday night with mixture of positive and negative news. FedEx posted a worse earnings while CPI data was on the positive side. The directionless US markets caused Asia bourses to perform mix trading also. Most of the bourses were down except SSE. Nikkei closed -1.39%, SSE +1.56% and HSI -1.70%. STI closed at day low of 2,237.20 when investors chose to close off positions while waiting for any strong reason for further upside. Market might due for further downside before the 2Q/1H window dressing kicks in late next week.
