FTSE STI closed 3,147.20, down 29.71 points or -0.94% with a total volume of 1.48b and a total value of S$1.76b. Total number of advance vs decline was 143 vs 319. Of the 30 component index stocks, 6 closed positive, 22 closed negative and 2 remained unchanged. The top 5 gainer component stocks were :-
1. CityDev +0.040
2. JSH 500US$ +0.040
3. SMRT +0.030
4. SIA Engg +0.020
5. NobleGrp +0.010
5. ComfortDelGro +0.010
The top 5 loser component stocks were :-
1. Jardine C&C -0.740
2. SIA -0.320
3. JMH 400US$ -0.300
4. KepCorp -0.280
5. UOB -0.200
US markets closed slight positive yesterday night easing earlier gain after a better than expected November retail sales figure and Fed assurance of its US$600b stimulus program to jump start the economy. Asian bourses were lack of direction early in trading but soon subject to profit taking and further selling down in the afternoon after Moody talks of downgrade Spain rating. Fear of euro-zone debt again resurface to worried investors. Nikkei closed -0.07%, SSE -0.54% and HSI -1.95%. STI failed to clear the 3,180 resistance and closed -0.94% with immediate support at 3,120, the neckline of the potential head-shoulder formation. Only 6 of the component stocks managed to edge up slight gain on close. Investors will be staying cautious and monitor how the euro-zone debt going to affect the US market again.
