FTSE STI closed 2,886.36, down 19.30 points or -0.66% with a total volume of 1.72b and a total value of S$1.55b. Total number of advance vs decline was 213 vs 267. Of the 30 component index stocks, 8 closed positive and 22 closed negative. The top 5 gainer component stocks were :-
1. Jardine C&C +0.380
2. JMH 400US$ +0.160
3. Olam +0.060
4. F&N +0.030
5. SembCorp +0.030
The top 5 loser component stocks were :-
1. JSH 500US$ -0.360
2. KepCorp -0.130
3. NobleGrp -0.120
4. DBS -0.120
5. CityDev -0.080
US markets rallied yesterday night hitting a new 18-month high after a better than expected home sales data. Asia bourses took the cue and traded in the positive region but soon parse early gain as profit taking kicked in. Nikkei closed +0.38%, SSE +0.12% and HSI +0.10%. STI were under selling pressure in the afternoon session surrendering the 2,900 level and closed -19.30 points. Bank, Offshore/marine and property stocks were under profit taking leading the drop.
