FTSE STI closed 2,944.22, down 30.39 points or -1.02% with a total volume of 1.30b and a total value of S$1.15b. Total number of advance vs decline was 94 vs 431. Of the 30 component index stocks, 2 closed positive, 25 closed negative and 3 remained unchanged. The 2 gainer component stocks were :-
1. JMH 400US$ +0.380
2. SIA Engg +0.020
The top 5 loser component stocks were :-
1. Jardine C&C -0.300
2. SGX -0.220
3. DBS -0.200
4. SIA -0.180
5. KepCorp -0.140
US markets fell at least 1% last Friday after a lower than expected GDP data, concern over the Goldman Sachs case and Greece's debt issue. Asia bourses were under selling pressure for the day. Nikkei and SSE were closed for holiday and HSI closed -1.41%. STI was range bound between 2,940 to 2,960 level with most of the blue chips under selling pressure as investors were taking cautious. For this week, investors will be looking at the 3 local banks earning and this coming Friday US unemployment rate.
