FTSE STI closed 2,811.71, down 8.00 points or -0.28% with a total volume of 1.98b and a total value of S$1.51b. Total number of advance vs decline was 146 vs 319. Of the 30 component index stocks, 7 closed positive, 21 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. F&N +0.080
2. SIA Engg +0.080
3. SingTel +0.070
4. StarHub +0.030
5. Wilmar +0.030
The top 5 loser component stocks were :-
1. Jardine C&C -0.300
2. JMH 400US$ -0.180
3. SIA -0.160
4. JSH 500US$ -0.120
5. DBS -0.120
US markets fell at least 2% last Friday as concern of Obama's proposal of restructuring of bank sector caused investors to sell off. Asia bourses took the cue by opening in the negative and managed to parse losses in the later part of the sessions. Nikkei closed -0.74%, SSE -1.09% and HSI -0.62%. STI opened below 2,800 level but with bargin hunting of the blue chips in the later session allowed STI to close above the 2,800 level with just 8 points drop.
