FTSE STI closed 2,606.83, down 41.93 points or -1.58% with a total volume of 2.43b and a total value of S$1.88b. Total number of advance vs decline was 189 vs 327. Of the 30 component index stocks, 9 closed positive, 18 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.420
2. SembMar +0.180
3. SembCorp +0.070
4. SIA Engg +0.040
5. GoldenAgr +0.025
The top 5 loser component stocks were :-
1. UOB -0.680
2. Jardine C&C -0.440
3. DBS -0.300
4. KepCorp -0.260
5. SingTel -0.180
US markets inched up yesterday but Asia bourses were relatively bearish for the day as indexes have moved up too much and need a correction. Nikkei closed -1.18%, SSE -1.24% and HSI -1.45% due to profit taking. STI opened in the positive but after UOB announced its earnings during lunchtime, the markek fell with UOB leading the drop. UOB though beat expectation on the result but they managed a lesser profit of the same quarter than last year, their bad debt increased and their loan growth for 2Q is lesser than 1Q. These are deemed to be not so positive on its result resulting the selling down. Investors are now looking at US unemployment rate data this Friday to gauge US economy status.
