FTSE STI closed 2,922.85, down 3.14 points or -0.11% with a total volume of 1.45b and a total value of S$1.38b. Total number of advance vs decline was 168 vs 276. Of the 30 component index stocks, 10 closed positive, 19 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.580
2. JSH 500US$ +0.440
3. SingTel +0.050
4. CityDev +0.040
5. OCBC +0.030
The top 5 loser component stocks were :-
1. Jardine C&C -0.400
2. UOB -0.080
3. Wilmar -0.080
4. DBS -0.080
5. HKLand US$ -0.060
US markets closed negative dropping at least 0.5% yesterday after worries of job market and also news surfacing that housing problem could lead US into a double-dip recession. Asian bourses were mostly closed in negative region as investors taking cautious action. Nikkei closed -1.33% as yen strengthening hurt sentiment. SSE +0.41% and HSI -1.10%. STI swung into negative region when HSI retreated to negative region coupling with a drop of DJ future and European markets opening down about 1%. Investors are awaiting for the existing and new home sales data due to be out tonight and tomorrow night to see the impact on the housing issue on US economy recovery.
