FTSE STI closed 3,126.30, down 64.62 points or -2.02% with a total volume of 2.03b and a total value of S$2.00b. Total number of advance vs decline was 91 vs 507. Of the 30 component index stocks, 1 closed positive and 29 closed negative. The only positive component stock was :-
1. HKLand US$ +0.010
The top 5 loser component stocks were :-
1. JMH 400US$ -1.300
2. Jardine C&C -1.000
3. JSH 500US$ -0.600
4. KepCorp -0.480
5. SIA -0.420
US markets were mixed yesterday with both the DJ and S&P500 closed negative while Nasdaq led by the tech stocks managed to close positive. Asian markets were mostly down for the negative as news of North Korean fired shells hit South Korea island and that added more tension to the stock markets, piling up the selling pressure on top of the Eurozone debt issue and more tightening measures from China. Nikkei was closed for holiday, SSE -1.94% and HSI -2.67%. STI closed at day low of 3,126.30 fell 2.02% with only 1 of the component stocks managed to close positive as some panic selling creep in. A weak opening from European markets coupling with negative DJ future also piled up the selling pressure. During lunch time, Singapore released its CPI and was less than expected at +3.5% on year vs +3.75 expected. Investors will be looking at US markets for the reaction of those above mentioned events.
