FTSE STI closed 2,605.39, down 37.41 points or -1.42% with a total volume of 2.76b and a total value of S$2.03b. Total number of advance vs decline was 142 vs 463. Of the 30 component index stocks, 5 closed positive, 24 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.840
2. JSH 500US$ +0.360
3. Wilmar +0.130
4. HKLand US$ +0.040
5. SMRT +0.010
The top 5 loser component stocks were :-
1. Jardine C&C -0.800
2. OCBC -0.460
3. CityDev -0.400
4. SIA -0.400
5. UOB -0.340
US markets were mixed last Friday. Asia bourses mostly sold down for the day even Nikkei which opened in the positive region after the DPJ won the election breaking the LDP 50 years of stronghold also ended in the red. SSE continued the drop with a 6.75% drop and that dragged down the sentiment of Asia bourses. Nikkei closed -0.40%, SSE -6.75% and HSI -1.86%. STI opened in the positive but the sentiment soon gave way when SSE sank again. Investors were selling off the blue chips that caused STI to close -1.42% following sentiment with other Asia bourses.
