FTSE STI closed 2,781.86, -15.35 points or -0.55% with a total volume of 1.59b and a total value of S$1.41b. Total number of advance vs decline was 197 vs 286. Of the 30 component index stocks, 7 closed positive, 18 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. JSH 500US$ +0.140
2. SGX +0.060
3. SembMar +0.060
4. Capitaland +0.030
5. ComfortDelGro +0.030
The top 5 loser component stocks were :-
1. JMH 400US$ -0.400
2. Jardine C&C -0.320
3. CityDev -0.160
4. UOB -0.100
5. Olam -0.100
5. OCBC -0.100
5. DBS -0.100
US markets recovered to close in the positive yesterday night with financial and tech stocks leading the rebound. Asia bourses relatively still weak with Nikkei closed -1.42%, SSE +0.454% and HSI -0.19%. STI closed -0.55% with investors taking profit and always cautious of the Greece default issue. A positive European opening attracted some last minute buying up in STI to cause it to close above intra-day low. Investors will be looking at how the effect of Greece's default issue could affect the global economy recovery.
