FTSE STI closed 2,932.04, down 59.64 points or -1.99% with a total volume of 1.72b and a total value of S$1.80b. Total number of advance vs decline was 97 vs 469. Of the 30 component index stocks, 29 closed negative and 1 remained unchanged. The top 5 loser component stocks were :-
1. JMH 400US$ -1.140
2. Jardine C&C -0.760
3. DBS -0.420
4. UOB -0.380
5. KepCorp -0.380
The only unchanged stock was :-
1. CapitaMall
US markets fell average 2% yesterday night after S&P500 downgraded rating on Greece and Portugal regarding to the debt issue. That offset positive economic data and sent investors selling off taking profit as a cautious. Asia bourses did not spare the bearish sentiment with Nikkei closed -2.57%, SSE -0.26% and HSI -1.47%. STI was in line with other Asian bourses with 29 component index stocks ended in the red and closed almost day low at 2,932.04 down 1.99%. Investors are in general taking off profit, stay cautious on the Euro debt issue and at the same time awaiting for US Fed decision on interest rate. Most expect the interest rate to stay low and they will be looking for when the US Fed has the intention to raise interest rate.
