FTSE STI closed 2,701.20, down 52.31 points or -1.90% with a total volume of 1.49b and a total value of S$1.89b. Total number of advance vs decline was 89 vs 442. Of the 30 component index stocks, 1 closed positive, 28 closed negative and 1 remained unchanged.
The only positive index stock was :-
1. Wilmar +0.040
The top 5 loser component stocks were :-
1. JMH 400US$ -1.380
2. Jardine C&C -0.820
3. JSH 500US$ -0.760
4. UOB -0.320
5. DBS -0.320
US markets fell at least 3.6% yesterday night when investors still fear of the eurozone crisis. Asia bourses opened sharply down following that but managed to pare off loss and closed off intra-day low. Nikkei closed -2.45%, SSE +1.08% ( the only bourse to reverse loss to positive ) and HSI was closed for holiday. STI fell below 2,700 on open but with SSE closed positive, European markets flattish and a positive DJ future, short-covering and bargain hunting drove the index to close at 2,701.20. Only 1 of the index stock managed to register a positive close. Volume still low as most taking cautious stand and sideline. Investors will have the weekend to digest the situation at Europe.
