FTSE STI closed 2,887.46, down 45.93 points or -1.57% with a total volume of 1.65b and a total value of S$1.85b. Total number of advance vs decline was 148 vs 377. Of the 30 component index stocks, 8 closed positive, 21 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.260
2. HKLand US$ +0.140
3. F&N +0.080
4. NOL +0.030
5. JSH 500US$ +0.020
The top 5 loser component stocks were :-
1. Jardine C&C -1.00
2. UOB -0.540
3. SIA -0.460
4. CityDev -0.320
5. DBS -0.260
US markets were marginally up yesterday night after an improve consumer confidence reading. However, Asia bourses were not satisfied with the performance and were under selling pressure for the day. Nikkei closed -0.07%, SSE -0.62% and HSI -0.63%. STI failed to hold on to the 2,900 level on close when investors and probably funds closing account book selling down the blue chips to lock in profit. The selling down were led by bank, property, offshore/marine and commodity stocks. Investors will be looking at tonight US job data to have a clearer view of the economy recovery.
