FTSE STI closed 2,843.95, down 2.99 points or -0.11% with a total volume of 933M and a total value of S$1.01b. Total number of advance vs decline was 155 vs 244. Of the 30 component index stocks, 11 closed positive, 16 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. KepCorp +0.100
2. UOB +0.080
3. SGX +0.080
4. SPH +0.050
5. SingTel +0.040
The top 5 loser component stocks were :-
1. Jardine C&C -0.400
2. JSH 500US$ -0.400
3. SIA -0.200
4. JHM 400US$ -0.140
5. CityDev -0.140
US markets were flat yesterday night with a weak construction of houses data. Asian bourses were also flat for the days and closing mixed. Nikkei closed -0.67%, SSE -0.38% and HSI +0.38%. STI was merely ranging within a 20 points level and closed -0.11% with a volume less than 1b. Most of the blue chips were closed in the red as investors chose to take profit after the past 2 days of run up. Mid-day, Singapore Government reported a lower than expected May exports data of +24.4% vs +26.8% with weakness in the pharmaceuticals exports. That didn't bring much delighted sentiment to investors.
