FTSE STI closed 2,925.99, down 10.49 points or -0.36% with a total volume of 1.34b and a total value of S$1.16b. Total number of advance vs decline was 167 vs 281. Of the 30 component index stocks, 2 closed positive, 25 closed negative and 3 remained unchanged. The 2 gainer component stocks were :-
1. JMH 400US$ +0.380
2. Genting +0.090
The top 5 loser component stocks were :-
1. Jardine C&C -0.580
2. DBS -0.160
3. SIA -0.100
4. CityDev -0.080
5. KepCorp -0.070
5. SGX -0.070
US markets closed mixed last Friday with the lacking of any positive catalysts offset the weak economic data. Asian bourses were mostly traded in negative region for most part of the day. Nikkei closed -0.68%, SSE -0.11% and HSI -0.44%. STI was range bound between 2,900 - 2,940 with only 2 of the 30 component stocks managed to close positive. Singapore Government reported a CPI of +3.1% vs expected +3.0% during lunch time and that could provide any catalysts to move the market either as the data is within the range of +2.5% to +3.5% as projected by the Government. Investors are awaiting for fresh catalysts to move the market and meanwhile, the market will mostly be range bound.
