FTSE STI closed 3,185.42, down 24.78 points or -0.77% with a total volume of 1.18b and a total value of S$1.17b. Total number of advance vs decline was 148 vs 312. Of the 30 component index stocks, 4 closed positive, 22 closed negative and 4 remained unchanged. The 4 gainer component stocks were :-
1. JSH 500US$ +0.060
2. SembMar +0.040
3. CapMallsAsia +0.030
4. StarHub +0.010
The top 5 loser component stocks were :-
1. Jardine C&C -0.560
2. JMH 400US$ -0.340
3. CityDev -0.160
4. KepCorp -0.120
5. SembCorp -0.120
US markets were mixed yesterday with DJ closed slight negative but Nasdaq and S&P500 both edged in the positive. Investors found no reason to buy up nor selling down, lacking of direction. Asian bourses also having a mixed day. Nikkei closed -0.72%, SSE +1.07% ( reporting better than expected November trade surplus ) with possible rate hike over the weekend by the Chinese Government and next Monday inflation data. HSI concerned of China possible rate hike closed -0.04%. STI failed to trade in positive region for the day closed -0.77% as investors taking profit over the weekend staying cautious for a possible rate hike by China Government over the weekend. Only 4 of the component stocks managed to close positive. STI now is trading near the lower boundary of the uptrend channel and should monitor for rebound or breakdown in that region for next few trading sessions.
