FTSE STI closed 2,966.99, down 6.48 points or -0.22% with a total volume of 1.33b and a total value of S$1.21b. Total number of advance vs decline was 221 vs 224. Of the 30 component index stocks, 12 closed positive, 16 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. UOB +0.240
2. Jardine C&C +0.220
3. SGX +0.150
4. SIA Engg +0.090
5. KepCorp +0.040
5. Olam +0.040
5. Wilmar +0.040
The top 5 loser component stocks were :-
1. JSH 500US$ -0.520
2. JMH 400US$ -0.380
3. HKLand US$ -0.130
4. DBS -0.120
5. F&N -0.080
US markets reversed earlier loss and closed on average +1% after European banks' stress test revealed that only a small handful of the 91 tested banks failed the test. However, Asian bourses were relatively muted to reaction as most of them were trading in narrow range. Nikkei closed +0.77%, SSE +0.65% and HSI +0.12%. STI pared earlier gain and closed -6.48 points with blue chips closing mixed. In the afternoon, Singapore Government released its June manufacturing data showed slowing down in activities and below market expectation, this somehow affected the market sentiment a bit. A flattish opening from European markets and a negative DJ future played a part in the selling down near closing as investors took profit and remained cautious. SIA reported a 1Q net profit of S$253M vs -S$307M with market expecting S$236M profit after market closed and DBS will be releasing its result this Friday
