FTSE STI closed 2,991.68, down 10.94 points or -0.36% with a total volume of 1.76b and a total value of S$1.40b. Total number of advance vs decline was 184 vs 351. Of the 30 component index stocks, 12 closed positive, 13 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.960
2. JSH 500US$ +0.100
3. F&N +0.050
4. DBS +0.040
5. NOL +0.040
The top 5 loser component stocks were :-
1. Jardine C&C -0.700
2. KepCorp -0.280
3. UOB -0.160
4. CityDev -0.140
5. ST Engg -0.130
US markets were mixed yesterday night and with a lacking of direction, Asia bourses were under profit taking for the day. Nikkei closed +0.42% reversed from earlier loss, SSE closed -2.07% with continue fear of property curb measures from the government and HSI closed -1.51%. STI traded below 3,000 in the negative region for the day and managed to recoup from loss to close at 2,991.68 down 0.36% with the blue chips having another mixed performance day. While some of the component stocks gone XD today dragging down the index, JMH, JSH and DBS cushion the drop. Market volume also dropped as investors are taking cautious stand ahead of the US FOMC meeting on interest rate decision which starts today and announcing the outcome tomorrow.
