FTSE STI closed 3,007.19, down 9.75 points or -0.32% with a total volume of 1.85b and a total value of S$1.57b. Total number of advance vs decline was 183 vs 359. Of the 30 component index stocks, 13 closed positive, 16 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.860
2. Jardine C&C +0.640
3. SGX +0.090
4. SIA +0.080
5. ST Engg +0.040
The top 5 loser component stocks were :-
1. UOB -0.420
2. CityDev -0.240
3. NobleGrp -0.080
4. F&N -0.070
5. KepCorp -0.060
5. Capitaland -0.060
5. Wilmar -0.060
5. DBS -0.060
US markets continued to advance yesterday night but Asia bourses were on a selling mode today as China tightening measure created the selling pressure, investors took the chance to take profit off the table for the weekend. Nikkei closed -1.52%, SSE -1.10% and HSI -1.32%. STI at one time dipped below 3,000 level but managed to reclaim that and close at 3,007.19 down 0.32% with banks and property stocks leading the drop. Google reported a miss expectation earning after market close yesterday and tonight BoA will be releasing its earning.
