FTSE STI closed 2,621.55, down 23.88 points or -0.90% with a total volume of 1.28b and a total value of S$1.22b. Total number of advance vs decline was 122 vs 388. Of the 30 component index stocks, 7 closed positive, 21 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.840
2. UOB +0.140
3. ST Engg +0.070
4. SIA Engg +0.030
5. SPH +0.020
5. CapitaMall +0.020
5. SIA +0.020
The top 5 loser component stocks were :-
1. Jardine C&C -0.500
2. KepCorp -0.210
3. SGX -0.140
4. JSH 500US$ -0.120
5. NobleGrp -0.110
5. Wilmar -0.110
5. HKLand US$ -0.110
US markets advanced average 0.5% yesterday with better ISM Mfg, pending home sales and a profit posted by Ford. Asia bourses took the cue and opened in the positive region but soon subject to profit taking and mostly closed in the red. Nikkei was closed for holiday, SSE closed +1.22% and HSI -1.76%. STI resisted at 2,660 level, coupling with weak closing on HSI, weak opening from European markets and a negative DJ future closed at day low, down -0.90% with majority of the blue chips closed in the negative. Investors are now looking at US Fed decision on the interest rate with most expected to remain at current level but the concern is what the measures US Fed will be taking in continue supporting of the economy.
