FTSE STI closed 2,819.71, down 31.27 points or -1.10% with a total volume of 2.89b and a total value of S$2.74b. Total number of advance vs decline was 151 vs 379. Of the 30 component index stocks, 6 closed positive, 22 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. SIA Engg +0.100
2. SGX +0.090
3. ST Engg +0.060
4. F&N +0.030
5. ComfortDelGro +0.020
The top 5 loser component stocks were :-
1. JMH 400US$ -0.540
2. Jardine C&C -0.460
3. UOB -0.280
4. CityDev -0.240
5. DBS -0.240
US markets pulled back at least 1% yesterday night with bank stocks leading the sell off prior to President Obama proposal of curbing proprietary trading by the banks and also fear of China might tighten policy to cool down potential over heating economy. Asia bourses took the cue and experience selling down for the day. Nikkei closed -2.56%, SSE -0.96% and HSI -0.65%. STI dipped below 2,800 level but managed to recover and close above it with a drop of 31.27 points. Banks, Property and Commodity stocks led the selling down.
