FTSE STI closed 2,333.70, down 62.65 points or 2.61% with a total volume of 3.6b and a total value of S$1.68b. Total number of advance vs decline was 127 vs 509. Of the 30 component index stocks, 2 closed positive, 1 remained unchanged and 27 closed negative. The 2 gainer component stocks were :-
1. Jardine C&C +0.200
2. SIA +0.040
The top 5 loser component stocks were :-
1. JMH 400US$ -0.720
2. CityDev -0.640
3. DBS -0.440
4. JSH 500US$ -0.400
5. KepCorp -0.290
5. F&N -0.290
US markets closed mixed last Friday after US reported a better than expected cut in number of job while unemployment rate hit a high of 9.4%. Asia bourses took it as a mixed signal and with exception of Nikkei and SSE, the rest of the bourses all closed in the red. Nikkei +0.99%, SSE +0.53% and HSI -2.28%. STI opened in the positive above the 2,400 level but soon subject to selling pressure and couple with a negative DJI future and European markets opened in the red, closed -2.6%. Bank, property, offshore/marine and commodity were the big loser. Investors are looking for fresh catalyst for the market to move up presently.
