FTSE STI closed 2,833.69, down 21.52 points or -0.75% with a total volume of 1.35b and a total value of S$1.43b. Total number of advance vs decline was 102 vs 427. Of the 30 component index stocks, 9 closed positive, 20 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.220
2. CityDev +0.060
3. SIA Engg +0.030
4. F&N +0.030
5. DBS +0.020
The top 5 loser component stocks were :-
1. NobleGrp -1.150
2. JMH 400US$ -0.640
3. Jardine C&C -0.320
4. SIA -0.240
5. KepCorp -0.120
5. SembMar -0.120
5. Olam -0.120
US markets fell at least 1% last Friday still concerning about the European debt issue. Asia bourses were traded in the negative region for the day with Nikkei closed -2.17%, SSE -5.07% and HSI -2.14%. STI the better among the regional bourses closed -0.75% holding above the 2,800 level. Most of the blue chips were under selling pressure with NobleGrp dropping 38.59% after the counter gone XA due to bonus and dividend. With European bourses opened flat and turned positive, some bargain hunting towards the close help STI to parse off earlier loss by just closing -0.75%. In the afternoon, Singapore Government announced a +29.4% figure on export with expectation of +26.2%. That help lifted the bearish sentiment a bit. However, the volume still thin suggesting investors still cautious. This Thursday Singapore will announce the final revision of the 1Q2010 GDP and this week US Fed will also decide on the interest rate.
