FTSE STI closed 2,774.54, down 69.81 points or -2.45% with a total volume of 1.50b and a total value of S$1.76b. Total number of advance vs decline was 75 vs 497. Of the 30 component index stocks, 29 closed negative and 1 remained unchanged. The top 5 loser component stocks were :-
1.JMH 400US$ -1.300
2. Jardine C&C -0.840
3. Wilmar -0.430
4. KepCorp -0.300
5. HKLand US$ -0.240
5. OCBC -0.240
5. UOB -0.240
The only stock that remained unchanged was ComfortDelGro.
US markets plunged mid way through after news of proposed bank regulation of banning hedge funds from short-selling in Germany and there was also proposing from US it is doing the same also. US markets fell at least 1% yesterday night. Asia bourses took the cue and traded in the negative region throughout the day. Nikkei closed -0.54%, SSE -0.27% and HSI -1.83%. STI broke the support at 2,800 and closed at day low at 2,774.54 down 2.45% in a thin volume trade. Blue chips were under selling pressure as investors took profit, stay sideline and remained cautious. Singapore will be releasing its 1Q10 GDP tomorrow morning before market open.
