FTSE STI closed 3,144.70, down 13.51 points or -0.43% with a total volume of 1.35b and a total value of S$2.27b. Total number of advance vs decline was 176 vs 304. Of the 30 component index stocks, 8 closed positive, 18 closed negative and 4 remained unchanged. The top 5 gainer component stocks were :-
1. CityDev +0.440
2. OCBC +0.300
3. DBS +0.080
4. SembMar +0.030
5. ComfortDelGro +0.030
The top 5 loser component stocks were :-
1. JMH 400US$ -2.180
2. JSH 500US$ -0.500
3. KepCorp -0.260
4. HKLand US$ -0.150
5. SIA -0.100
US markets closed negative yesterday night but off low with issue of the eurozone debt. Asian bourses were initially mixed in the early part of the day until SSE suddenly sold down 3% with concern of possible rate hike. That caused regional bourses to pare gain. Nikkei closed -1.87%, SSE -1.61% and HSI -0.68%. STI off to a positive start but sentiment from SSE caused STI to pare gain and closed -0.43% with only 8 of the component stocks managed to close positive. Investors are now staying cautious with the eurozone debt and Koreans issue in mind. Despite STI closed down, it still above the recent low of 3,118 and tentatively is a good sign as market did not break down.
