FTSE STI closed 2,945.42, down 12.30 points or -0.42% with a total volume of 1.03b and a total value of S$921M. Total number of advance vs decline was 123 vs 282. Of the 30 component index stocks, 8 closed positive, 17 closed negative and 5 remained unchanged. The top 5 gainer component stocks were :-
1. Jardine C&C +0.520
2. JSH 500US$ +0.120
3. HKLand US$ +0.110
4. CityDev +0.060
5. F&N +0.050
The top 5 loser component stocks were :-
1. JMH 400US$ -0.360
2. DBS -0.240
3. UOB -0.200
4. SIA -0.080
5. KepCorp -0.080
US markets fell at least 2% last Friday when Bank of America and Citigroup's revenue were lower than expected despite profit beating market expectation. Asian bourses initially opened in the red but closed mixed. Nikkei was closed for holiday, SSE +2.11% and HSI -0.79%. STI managed to pare loss in the afternoon when SSE closed in the positive and European markets were relatively flat bias towards positive. Investors were cautious ahead of more earnings from US corporation like Yahoo, IBM, Apple, Microsoft and the lenders. S-Reits were mostly up for the day as investors getting into high yield stocks as a defensive measure. Of the 30 component index stocks, only 8 managed to close positive.
