FTSE STI closed 2,821.11, down 18.54 points or -0.65% with a total volume of 2.14b and a total value of S$2.31b. Total number of advance vs decline was 102 vs 473. Of the 30 component index stocks, 7 closed positive, 22 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.680
2. JSH 500US$ +0.280
3. CityDev +0.100
4. F&N +0.100
5. SembMar +0.040
The top 5 loser component stocks were :-
1. UOB -0.600
2. DBS -0.300
3. SIA -0.300
4. KepCorp -0.180
5. SGX -0.120
US markets plunged yesterday night and at one time DJ fell almost 1000 points before recovered and closed down 3%. There was an error trade that caused the panic plunged. With the concern of the Europe's debt issue still hanging around, Asia bourses were not pleased with the performance of the US markets. All traded in the negative region but managed to close off their intra-day low. Nikkei closed -3.10%, SSE -1.87% and HSI -1.06%. STI hit an intra-day low of 2,775.20 which was a drop of 8.6% from its recent peak of 3,037 and managed to recover to close above the 2,800 level with -0.65% in a heavy volume day. DBS and UOB reported their earnings today with DBS missing expectation but UOB exceeded expectation. At the moment, property stocks were leading the rebound with bank stocks still under selling pressure. After market StarHub and SingTel announced both got the rights to boardcast FIFA world cup 2010. Investors will be looking at tonight US unemployment rate and its reaction to yesterday night plunge.
