FTSE STI closed 2,889.18, down 26.52 points or -0.91% with a total volume of 1.06b and a total value of S$1.04b. Total number of advance vs decline was 134 vs 336. Of the 30 component index stocks, 3 closed positive, 24 closed negative and 3 remained unchanged. The 3 gainer component stocks were :-
1. DBS +0.240
2. JSH 500US$ +0.060
3. CapitaMall +0.040
The top 5 loser component stocks were :-
1. JMH 400US$ -0.460
2. Jardine C&C -0.380
3. UOB -0.180
4. OCBC -0.180
5. SGX -0.130
US markets closed in the red last Friday after profit taking kicking in for the recent run up. Asia bourses took the cue and traded in the negative region except SSE for the day. Nikkei was closed for holiday. SSE closed +0.22% and HSI -2.05%. STI traded in the red throughout the day but give up the support at 2,900 to close at 2,889.18 with profit taking on the blue chips. The new index stock CapMallAsia closed -3.35%. From the US side, Obama's health care bill was passed and that could provide some short-term downside for the market. Profit taking should be seeing for global bourses this week as it lack the catalysts to move the index further up. Investors also have an eyes on month end when funds might be performing window dressing for the first quarter of 2010.
