FTSE STI closed 2,601.50, down 5.33 points or -0.20% with a total volume of 2.42b and a total value of S$1.84b. Total number of advance vs decline was 368 vs 166. Of the 30 component index stocks, 14 closed positive, 11 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. SIA +0.300
2. Wilmar +0.180
3. SPH +0.060
4. SembCorp +0.040
5. F&N +0.040
5. ComfortDelGro +0.040
5. Jardine C&C +0.040
The top 5 loser component stocks were :-
1. JMH 400US$ -0.860
2. UOB -0.280
3. JSH 500US$ -0.220
4. SGX -0.110
5. DBS -0.100
US markets pulled back yesterday after jobless data. Asia bourses were initially very cautious in the early trading in reaction to the pull back. However, bargain hunting soon came in and allow some bourses to rebound from low and closed in the positive. Nikkei closed +1.32%, SSE -2.11% and HSI +1.97%. SSE suffered heavy selling pressure mainly due to news of a suspected bank fraud in China. STI swing between positive and negative region in reaction to the drop in SSE and positive closing of HSI and positive opening of European markets. However, the continue selling of the bank stocks caused STI to close -0.20% off. All eyes will be on US unemployment rate this Friday and DBS earnings tomorrow.
