FTSE STI closed 2,960.93, down 46.26 points or -1.54% with a total volume of 1.95b and a total value of S$1.98b. Total number of advance vs decline was 118 vs 496. Of the 30 component index stocks, 1 closed positive, 26 closed negative and 3 remained unchanged. The sole gainer component stock was :-
1. SMRT +0.020
The top 5 loser component stocks were :-
1. Jardine C&C -0.700
2. JMH 400US$ -0.660
3. SIA -0.560
4. UOB -0.340
5. CityDev -0.280
US markets fell at least 1% last Friday after SEC wanted to charge Goldman Sach for CDO fraud. China Government implemented property curb measures coupled with the ash cloud issue in Europe dampened the market sentiment and caused investors to sell. Nikkei closed -1.74%, SSE -4.79% and HSI -2.10%. STI surrendered the 3,000 level and closed down 46.26 points at 2,960.93 after hitting an intra-day low at 2,943.50. Only 1 of the 30 index stocks managed to register a gain for the day while the rest were under selling pressure with airline stocks leading the drop due to the ash cloud issue. A weak DJ future also caused investors to lock in profit for the recent run up and stay sideline until the situation become clearer. This week more US corporate like Yahoo, Goldman Sach, etc will be releasing their earning and from Singapore side, Ascendasreit, CapitaMall Trust, KepCorp, etc are all schedule to announce their earning this week.
