FTSE STI closed 2,632.31, down 16.67 points or -0.63% with a total volume of 1.73b and a total value of S$1.61b. Total number of advance vs decline was 174 vs 320. Of the 30 component index stocks, 5 closed positive, 21 closed negative and 4 remained unchanged. The 5 gainer component stocks were :-
1. JMH 400US$ +0.500
2. OCBC +0.120
3. JSH 500US$ +0.020
4. SMRT +0.010
5. HKLand US$ +0.010
The top 5 loser component stocks were :-
1. Jardine C&C -0.640
2. UOB -0.220
3. CityDev -0.120
4. SIA -0.080
5. Capitaland -0.070
5. ST Engg -0.070
US markets fell average 2% after a bad new home sales data as investors were questioning the recovery of the economy. Asia bourses took the cue and traded in the negative region with Nikkei closed -1.83%, SSE -2.34% and HSI -2.28%. STI opened fell to near the 2,600 level but managed to rebound from that when investors snapping up blue chips at that level. With a positive DJ future and not so weak European markets opening, STI managed to crawl back the loss to finish just -0.63%. Investors will be looking at tonight US announcement of its 3Q09 GDP figure to indicate whether US has indeed officially out of recession.
