FTSE STI closed 2,715.44, down 37.16 points or -1.35% with a total volume of 1.08b and a total value of S$1.07b. Total number of advance vs decline was 106 vs 370. Of the 30 component index stocks, 6 closed positive and 24 closed negative. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.960
2. JSH 500US$ +0.380
3. CapitaMall +0.030
4. HKLand US$ +0.020
5. SIA Engg +0.010
5. CapMallsAsia +0.010
The top 5 loser component stocks were :-
1. Jardine C&C -0.900
2. SIA -0.340
3. DBS -0.300
4. KepCorp -0.260
5. SGX -0.170
US markets were closed yesterday for holiday while European markets less London were flattish. Asia bourses going into the day with a selling mode as slide of Euro dollar coupled with continued concern of the European debt. Furthermore, SSE continued to drop with concern of further tightening measures. Nikkei closed -0.58%, SSE -0.92% and HSI -1.36%. In the first half of the day, STI was able to maintain above 2,750 but in the later half, European markets opening down 2% coupled with a 3-digit drop in DJ future accelerate the selling of the blue chips and caused STI to close down 1.35% with immediate support at the 2,700 level. Banks, Offshore/Marine, Commodity and Property stocks were leading the drop.
