FTSE STI closed 3,048.65, down 18.16 points or -0.59% with a total volume of 2.19b and a total value of S$1.82b. Total number of advance vs decline was 238 vs 256. Of the 30 component index stocks, 7 closed positive, 21 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. SGX +0.270
2. JMH 400US$ +0.260
3. JSH 500US$ +0.100
4. Wilmar +0.060
5. SembCorp +0.050
The top 5 loser component stocks were :-
1. DBS -0.180
2. CityDev -0.140
3. SIA -0.120
4. HKLand US$ -0.100
5. UOB -0.100
US markets continued to advance yesterday night after the new bank regulations over the weekend. However, Asian bourses were on a profit taking mode for the day as investors chose to take profit from recent run up. Nikkei closed -0.24%, SSE +0.01% and HSI +0.17%. STI could not hold on to gain for most part of the day and with DJ future and European markets in the red, profit taking from the blue chips pushed STI to close down 0.59%. However, total volume exceeded 2 billion as penny stocks were in play.
