FTSE STI closed 2,657.44, down 15.13 points or -0.57% with a total volume of 1.89b and a total value of S$1.15b. Total number of advance vs decline was 90 vs 404. Of the 30 component index stocks, 8 closed positive, 21 closed negative and d1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +2.00
2. JSH 500US$ +0.520
3. HKLand US$ +0.030
4. SingTel +0.030
5. CapitaMall +0.020
The top 5 loser component stocks were :-
1. Jardine C&C -0.380
2. DBS -0.260
3. SIA -0.240
4. UOB -0.220
5. CityDev -0.180
US markets closed down yesterday night but managed to recover from of a drop of at least 1% intra-day after mixture of economic data. 2Q09 GDP indicated a shrink of 0.7% better than the 1.0% shrink but a weak PMI data sent the US markets down. Asia bourses were ranged bound today given that both SSE and HSI were closed for holiday, lacking of direction. Nikkei closed -1.53% when the tanka survey showed corporations planned to cut capital outlays more than expected. STI was traded in the range between 2,650 to 2,670 with thin volume. Even a 3 cents gain for SingTel after winning the EPL broadcast right for August 2010 could not help lift the index into positive region as bank stocks weighed down the sentiment. Investors will be looking at US unemployment rate that will be released tomorrow night to view the status of the job market in US.
