FTSE STI closed 3,124.38, down 38.13 points or -1.21% with a total volume of 2.11b and a total value of S$2.64b. Total number of advance vs decline was 122 vs 385. Of the 30 component index stocks, 3 closed positive, 22 closed negative and 5 remained unchanged. The 3 gainer component stocks were :-
1. Jardine C&C +0.400
2. SGX +0.120
3. UOB +0.100
The top 5 loser component stocks were :-
1. JMH 400US$ -1.340
2. JSH 500US$ -0.400
3. DBS -0.380
4. CityDev -0.300
5. KepCorp -0.260
US markets were flat yesterday night coupled with mixed corporate earnings and economic data. Asian bourses were initially flattish but in the later part of the day when news of Beijing imposing stricter import-payment measures to crack down on illegal capital flows sent both SSE and HSI to fall at least 1% put on the selling pressure on other regional bourses. Nikkei closed +0.10%, SSE -1.46% and HSI -1.85%. STI opened in the positive but soon gave up all the gain tracking regional bourses to close -1.21% with 3,120 as the immediate support. Breaking that will see 3,040 as the next support. Investors are also nervous towards the US Fed meeting next week on concern whether will the Fed pumps in stimulus and will that be enough.
