FTSE STI closed 2,839.65, down 20.66 points or -0.72% with a total volume of 2.14b and a total value of S$2.25b. Total number of advance vs decline was 130 vs 427. Of the 30 component index stocks, 11 closed positive, 15 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. OCBC +0.050
2. Genting +0.040
3. CityDev +0.040
4. SingTel +0.030
5. SMRT +0.020
5. SPH +0.020
5. SGX +0.020
5. DBS +0.020
The top 5 loser component stocks were :-
1. JHM 400US$ -2.420
2. JSH 500US$ -1.460
3. Jardine C&C -0.720
4. UOB -0.220
5. SIA -0.120
US markets continued the drop in fear of Europe crisis spreading despite some upbeat data on private job sector. Asia bourses continued the selling for the day too. Nikkei reopened after 3 days of holiday closed -3.27%, SSE -4.11% and HSI -0.96%. STI was traded in the negative region throughout the day and even dropped to an intra-day low of 2,812 in reaction to the sudden plunge on SSE. With European markets trading in positive region and DJ future in the positive, bargain hunting and short-covering regain some losses and managed to close -0.72% in a heavy volume of more than 2 billion. DBS, UOB and SembMar will be reporting their earnings tomorrow and US will be announcing its unemployment rate tomorrow night.
