FTSE STI closed 2,860.31, down 40.87 points or -1.41% with a total volume of 2.03b and a total value of S$2.81b. Total number of advance vs decline was 89 vs 453. Of the 30 component index stocks, 1 closed positive, 27 closed negative and 2 remained unchanged. The only gainer component stock was :-
1. CapitaMall +0.030
The top 5 loser component stocks were :-
1. Jardine C&C -0.460
2. JSH 500US$ -0.320
3. KepCorp -0.310
4. UOB -0.280
5. HKLand US$ -0.240
US markets fell at least 2% yesterday night in fear of other European countries like Spain, Portugal and Italy might ask for bailout like Greece despite some better than expected economic data and corporate earnings. Asia bourses were traded in the negative region in the early part of the day but some managed to close off their respective day low. Nikkei still close for holiday, SSE closed +0.77% and HSI -2.10%. STI hit a low of 2,856 but managed to recover the loss after lunch when OCBC reported a better than expected earning and bank stocks rebound which helped to parse off losses in the index. Still close -1.41% with only 1 index stock managed to close in the positive. Investors are now awaiting for further situation on the Europe debt issue.
