FTSE STI closed 2,950.33, down 6.73 points or -0.23% with a total volume of 1.67b and a total value of S$2.16b. Total number of advance vs decline was 153 vs 329. Of the 30 component index stocks, 13 closed positive, 14 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-
1. HKLand US$ +0.090
2. KepCorp +0.070
3. StarHub +0.050
4. SPH +0.040
5. SingTel +0.040
5. SGX +0.040
5. JSH 500US$ +0.040
The top 5 loser component stocks were :-
1. JMH 400US$ -0.600
2. CityDev -0.520
3. SIA -0.240
4. UOB -0.160
5. Jardine C&C -0.080
US markets fell at least 1% yesterday night as concern over the economy recovery weighed on investors despite data showing consumer spending increased in July. Asian markets took the cue and traded in negative region for the day with Nikkei closed -3.55% after investors disappointed with the measures taken by the Government to support the economy as they felt it was insufficient. SSE closed -0.52% and HSI -0.97%. STI managed to pared losses and closed only -0.23% partly due to funds doing month end window dressing jacking up the blue chips price on close. The total volume still quite thin as most still staying sidelines.
