Market Summary -- 19th Aug 11

FTSE STI closed 2,733.63, down 91.33 points or -3.23% with a total volume of 1.72b and a total value of S$1.73b.  Total number of advance vs decline was 87 vs 519.  Of the 30 component index stocks, 1 closed positive and 28 closed negative.  The only gainer component stock was :-

1. ST Engg  +0.020

The top 5 loser component stocks were :-

1. JMH 400US$  -2.460

2. Jardine C&C  -1.140

3. JSH 500US$  -0.890

4. KepCorp  -0.440

5. UOB  -0.410

US markets fell average 4% yesterday night after a series of weak economic data which caused concern of recession.  Asian bouses took the cue also closed in the red.  Nikkei closed -2.51%, SSE -0.98% and HSI -3.08%.  STI closed -3.23% with only 1 index stock managed to register positive closing.  With STI near recent intra-day low of 2,720 either a rebound from there or will move down to test the critical support at 2,650.  Volume however was thin with less than 2 billion.