FTSE STI closed 2,913.94, down 5.36 points or -0.18% with a total volume of 1.32b and a total value of S$1.35b. Total number of advance vs decline was 189 vs 265. Of the 30 component index stocks, 11 closed positive, 18 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.720
2. JSH 500US$ +0.600
3. JMH 400US$ +0.300
4. UOB +0.280
5. DBS +0.140
The top 5 loser component stocks were :-
1. OCBC -0.170
2. HKLand US$ -0.140
3. SIA -0.120
4. F&N -0.100
5. CityDev -0.080
US markets continued to move up as investors digest Fed's decision on keeping low rate. Further more an unexpected drop in PPI data also lifted the sentiment. Asia bourses mostly under profit taking session for the day with Nikkei closed -0.95%, SSE -0.14% and HSI -0.25%. STI managed to maintain above 2,900 level but closed -0.18% as investors locked in profit for the recent run up in the blue chips. Property and Offshore/Marine stocks were under the selling pressure that dragged down STI.
