FTSE STI closed 2,745.04, down 19.91 points or -0.72% with a total volume of 1.47b and a total value of S$1.33b. Total number of advance vs decline was 152 vs 293. Of the 30 component index stocks, 7 closed positive, 20 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. JSH 500US$ +0.800
2. JMH 400US$ +0.520
3. StarHub +0.030
4. SembCorp +0.030
5. SIA +0.020
5. NobleGrp +0.020
The top 5 loser component stocks were :-
1. UOB -0.280
2. CityDev -0.160
3. DBS -0.120
4. HKLand US$ -0.110
5. OCBC -0.090
5. SembMar -0.090
5. KepCorp -0.090
US markets closed positive yesterday but that did not convince Asia markets to extend the rally. Profit taking were seen which caused most Asia bourses to close in the negative. Nikkei closed -0.55%, SSE +0.62% and HSI -0.32%. STI closed -0.72% with bank, property and commodity stocks leading the fall. Investors will be looking for tomorrow Singapore 3Q GDP figure to be released before market open to determine the health of recovery of the economy. Another factor which affecting the market sentiment is the green-back.
