FTSE STI closed 2,685.73, down 59.25 points or -2.16% with a total volume of 2.17b and a total value of S$1.99b. Total number of advance vs decline was 107 vs 510. Of the 30 component index stocks, 1 closed positive and 29 closed negative. The only gainer component stock was :-
1. Genting +0.030
The top 5 loser component stocks were :-
1. JMH 400US$ -0.820
2. Jardine C&C -0.460
3. JSH 500US$ -0.400
4. UOB -0.400
5. Wilmar -0.340
US markets fell at least 2% yesterday night after concern on Europe debt issue regarding Greece, Spain and Portugal on top of the trade tension between US and China. Asia bourses took the cue and were on a heavy selling pressure day. Nikkei closed -2.89%, SSE -1.87% and HSI -3.33%. STI fell below 2,700 on open and hit intra-day low of 2,680 but the rebound was weak and ended closed 2,683.56 down 2.24% inline with other regional bourses with only 1 of the component stock registered a gain. Rumor of Genting will soon be granted the casino license reversed earlier loss and posted an almost +3% closing. DBS reported a better than expected set of result this morning but that failed to excite the bearish market sentiment and closed -0.160. Investors will be looking at tonight US unemployment rate as well as the European debt issue as to how that will be resolved.
