FTSE STI closed 2,830.34, down 39.65 points or -1.38% with a total volume of 1.39b and a total value of S$1.44b. Total number of advance vs decline was 122 vs 379. Of the 30 component index stocks, 1 closed positive, 25 closed negative and 4 remained unchanged. The only positive component stock was :-
1. CapitaMall +0.010
The top 5 loser component stocks were :-
1. JMH 400US$ -0.740
2. UOB -0.460
3. JSH 500US$ -0.260
4. CityDev -0.220
5. Jardine C&C -0.200
US markets closed slightly negative yesterday night when the G20 decision on tightening financial regulation rules was delay. Asian bourses were mostly in the red with the lack of direction from US markets and with concern of China growth will be slowed down, the selling pressure piled up in the afternoon session. Nikkei closed -1.27%, SSE -4.27% and HSI -2.31%. STI in line with other Asian bourses fell 1.38% with majority of the blue chips under selling pressure. European markets were also opened at least 1.5% down and DJ future were down 3 digit. Investors will be looking at how US markets react to China slow growth projection and end of this week employment situation. Though market was down but there appear to be some window dressing in the progress as some of the counters remained resilient despite the sell down.
