FTSE STI closed 3,197.37, down 17.85 points or -0.56% with a total volume of 1.25b and a total value of S$1.47b. Total number of advance vs decline was 190 vs 280. Of the 30 component index stocks, 8 closed positive, 18 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. JSH 500US$ +0.240
2. JMH 400US$ +0.120
3. SIA +0.060
4. Olam +0.060
5. SembCorp +0.040
The top 5 loser component stocks were :-
1. HKLand US$ -0.200
2. UOB -0.200
3. Jardine C&C -0.160
4. OCBC -0.130
5. CityDev -0.120
US markets were up at least 1.5% yesterday night after Ireland bailout issue has eased and coupling with better jobless claimed data. However, Asian bourses were mixed for the day with Nikkei closed +0.09%, SSE +0.81% ( recovering from a 2% intraday drop ) and HSI -0.13% as concern of China might do an interest rate hike and Hong Kong might introduce more property cooling measures soon. STI was ranging between the 3,200 level from 3,190 to 3,220 and with a flattish European markets opening and DJ future, a lack of buying interest as investors stayed cautious over the weekend sent STI to close below the 3,200 level with only 8 of the index stocks managed to close in positive.
