FTSE STI closed 2,936.48, down 10.29 points or -0.35% with a total volume of 1.29b and a total value of S$1.11b. Total number of advance vs decline was 134 vs 263. Of the 30 component index stocks, 4 closed positive, 22 closed negative and 4 remained unchanged. The 4 gainer component stocks were :-
1. JMH 400US$ +0.880
2. UOB +0.140
3. Wilmar +0.080
4. SPH +0.020
The top 5 loser component stocks were :-
1. Jardine C&C -0.820
2. DBS -0.140
3. OCBC -0.100
4. HKLand US$ -0.090
5. SembCorp -0.080
US markets fell at least 1% yesterday night after the jobless claim hit 500,000 worse than market expectation and investors worries for the job market recovery piled up the selling pressure. Asian bourses took the cue and were on selling mode for the day. Nikkei closed -1.96%, SSE -1.70% and HSI -0.43%. STI in line with other regional bourses traded in negative region for the day and closed -0.35% with only 4 out of the 30 component stocks managed to close positive. As the market is lacking of any catalysts to move up, at the moment any bad news will met with selling pressure. With 2,890 at one end of the support and 3,120 at the upside target, market is moving side way and range bound at the moment.
