FTSE STI closed 2,650.48, down 10.43 points or -0.39% with a total volume of 2.17b and a total value of S$1.70b. Total number of advance vs decline was 176 vs 368. Of the 30 component index stocks, 9 closed positive, 14 closed negative and 7 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.540
2. JSH 500US$ +0.480
3. HKLand US$ +0.090
4. SIA Engg +0.050
5. NOL +0.030
The top 5 loser component stocks were :-
1. SIA -0.160
2. KepCorp -0.120
3. CityDev -0.100
4. OCBC -0.090
5. UOB -0.080
US markets advanced yesterday night but Asia bourses were directionless for the day with profit taking dominated the whole session. Nikkei closed -0.78%, SSE +0.54% and HSI -1.04%. STI were trading in the negative region throughout the days with SingTel and the banks leading the drop. Investors will be looking for US markets for more confirmation of the direction. Market in general is trading in a rangebound pattern; consolidation type of formation.
