FTSE STI closed 2,820.35, down 15.16 points or -0.53% with a total volume of 1.02b and a total value of S$1.07b. Total number of advance vs decline was 122 vs 304. Of the 30 component index stocks, 10 closed positive, 19 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.460
2. JSH 500US$ +0.180
3. Jardine C&C +0.160
4. DBS +0.080
5. StarHub +0.040
The top 5 loser component stocks were :-
1. CityDev -0.200
2. SIA -0.140
3. UOB -0.120
4. NOL -0.090
5. KepCorp -0.090
5. Wilmar -0.090
US markets fell at least 1% yesterday night when data about private sector hiring less than expected number of people have investors worried about the labour market. Asian bourses took the cue and traded in negative region for the day. Nikkei closed -2.04%, SSE -1.02% and HSI was closed for holiday. During the day, data showing China manufacturing growth slow down for the month of June and that added more selling pressure to the market. With European markets opened in the red down at least 1%, STI closed down 0.53% with majority of the blue chips being sold down. Investors will be looking at tomorrow night US unemployment rate and 2 weeks later how corporate earning fares when the earning season for half-year 2010 starts.
