FTSE STI closed 3,179.15, down 13.14 points or -0.41% with a total volume of 1.90b and a total value of S$2.10b. Total number of advance vs decline was 216 vs 309. Of the 30 component index stocks, 6 closed positive, 23 closed negative and 1 remained unchanged. The top 5 gainer component stocks were :-
1. JMH 400US$ +0.340
2. Genting +0.110
3. SembMar +0.080
4. KepCorp +0.070
5. NOL +0.070
The top 5 loser component stocks were :-
1. UOB -0.320
2. JSH 500US$ -0.300
3. DBS -0.240
4. SIA -0.140
5. OCBC -0.100
US markets fell at least 1.5% yesterday night after a series of not so good earning. Bank of America suffer massive loss due to mortage loan, Goldman Sachs dropped in profit due to lower trading gain, Apple forecast was weak and after the bell, Yahoo reported a below market expectation set of result. In addition to that, China raise interest rate to curb inflation also has some bearish sentiment on the market. Asian bourses were mostly on the negative side for the day following the drop in US. Nikkei closed -1.65%, SSE managed to recover from early loss and closed +0.07% and HSI -0.87%. STI closed -0.41% in a thin volume day with main focus was on GLP and Genting whereas the rest of the blue chips were mainly under selling pressure. Only 6 out of 30 component stocks closed positive. More corporate result in particular banks will be rolling out from US tonight. Tomorrow Mapletree Industrial Trust will be listed after 38x over subscribed.
