FTSE STI closed 2,650.61, down 73.26 points or -2.69% with a total volume of 1.61b and a total value of S$1.58b. Total number of advance vs decline was 69 vs 595. Of the 30 component index stocks, all closed down. The top 5 loser component stocks were :-
1. Jardine C&C -1.680
2. UOB -0.620
3. JSH 500US$ -0.500
4. SGX -0.350
5. KepCorp -0.350
US markets did a last 30 minute sell down despite some good data from home sales. Asia bourses took the cue and were under selling pressure throughout the day with Nikkei closed -3.06%, SSE -1.90% and HSI -3.47%. STI failed to hold on to the 2,700 support level and in the afternoon with European market all opened down at least 2%, DJ future down 200+ points, the selling increased resulting in all 30 component stocks closed in the red. With yesterday news of Spanish Government took over control of 1 of the saving bank, the fear of the European debt spreading from Greece to other EU countries worried investors and causing the massive sell down.
