FTSE STI closed 2,259.77, down 12.49 points or -0.55% with a total volume of 1.63b and a total value of S$1.59b. Total number of advance vs decline was 119 vs 356. Of the 30 component index stocks, 11 closed positive and 19 closed negative. The top 5 gainer component stocks were :-
1. ST Engg +0.080
2. SMRT +0.070
3. SingTel +0.070
4. SPH +0.070
5. Jardine C&C +0.060
5. Wilmar +0.060
The top 5 loser component stocks were :-
1. CityDev -0.560
2. JMH 400US$ -0.540
3. JSH 500US$ -0.280
4. Capitaland -0.170
5. SGX -0.130
US markets fell at least 2% after news of possible second stimulus package as that worried investors about the economy is not recovering as expected. Asia bourses reacted to the drop with a selling days. Nikk ei closed -2.35%, SSE -0.28% and HSI -0.79%. STI was down 0.55% with investors selling property and offshore/marine stocks and switching to defensive counters. Investors are cautious ahead of tonight Alcoa's earnings in general as can seen from the thin volume and switching from higher beta stocks to more defensive stocks.
