FTSE STI closed 2,362.74, down 21.08 points or 0.88% with a total volume of 2.84b and a total value of S$1.82b. Total number of advance vs decline was 183 vs 350. Of the 30 component index stocks, 7 closed positive, 20 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.600
2. StarHub +0.050
3. SingTel +0.040
4. UOB +0.040
5. Olam +0.030
5. CapitaMall +0.030
The top 5 loser component stocks were :-
1. JMH 400US$ -0.480
2. CityDev -0.290
3. OCBC -0.240
4. JSH 500US$ -0.240
5. KepCorp -0.200
US markets fell yesterday night after a weaker than expected data for the services industry and factory orders in the US. Asia bourse reacted to the drop with a negative open. Nikkei closed -0.75%, SSE -0.41% and HSI -0.40%. Most closed off their low as bargain hunters cautiously came in to snap up the battle down blue chips. STI also rebound from its intra-day low of 2,344 and closed 0.88% down in a thin volume trading day. Bank, property, offshore/marine and commodity stocks were under selling pressure while defensive stocks were holding up well.
