FTSE STI closed 2,871.05, down 1.25 point or -0.04% with a total volume of 1.2b and a total value of S$1.05b. Total number of advance vs decline was 209 vs 229. Of the 30 component index stocks, 15 closed positive, 12 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. CityDev +0.140
2. JSH 500US$ +0.060
3. SPH +0.040
4. SIA +0.040
5. F&N +0.030
5. ComfortDelGro +0.030
5. Olam +0.030
The top 5 loser component stocks were :-
1. Jardine C&C -0.440
2. JMH 400US$ -0.320
3. KepCorp -0.160
4. DBS -0.080
5. SGX -0.050
US markets dropped almost 1.50% yesterday night when concern over Europe debt resurfaced and a worst than expected home sales data. Asian bourses taking the cue were trading in the negative region for the day when investors chose to take profit after the Monday surged due to yuan appreciation. Nikkei closed -1.87%, SSE -0.73% and HSI +0.18%. STI managed to recoup part of earlier loss and closed slightly negative after HSI managed to close positive and DJ future in the green. Volume was moderate crossing the 1b mark and blue chips were mixed with 15 out of 30 closed positive. Investors are looking at tonight US Fed decision in interest rate with most believe it will maintain at low level.
