FTSE STI closed 2,681.97, down 10.58 points or -0.39% with a total volume of 1.76b and a total value of S$1.59b. Total number of advance vs decline was 149 vs 366. Of the 30 component index stocks, 10 closed positive, 17 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.600
2. JSH 500US$ +0.200
3. Capitaland +0.140
4. SembMar +0.080
5. NobleGrp +0.040
The top 5 loser component stocks were :-
1. SIA -0.340
2. UOB -0.280
3. Jardine C&C -0.260
4. KepCorp -0.180
5. CityDev -0.160
5. DBS -0.160
US markets closed down with a last minute selling down after analysts downgrade of the bank. Asia stocks following the lead traded in the negative region. Nikkei closed -0.64%, SSE -0.63% and HSI -0.48%. STI was not spare of the selling pressure with investors selling the blue chip. With European markets open in the red and a negative DJ future, the selling pressure remained till close. Investors are looking for more concrete catalyst to move the market upwards else the selling pressure will always remain.
