1. JMH 400US$ +0.180
The top 5 loser component stocks were :-
1. Jardine C&C -0.920
2. UOB -0.400
3. KepCorp -0.300
4. SIA -0.300
5. CityDev -0.240
5. DBS -0.240
US markets fell at least 0.7% last Friday. Over the weekend, Greece debt rating was being downgraded and Italy was warned of the same. Asian bourses reacting to the Europe zone debt and traded in negative region for the day. The preliminary PMI of China also came in below expectation fearing the slowing down of manufacturing growth in China. This further added to the selling pressure. Nikkei closed -1.52%, SSE -2.93% and HSI -2.11%. STI in line with regional bourses closed -1.83% with 28 of the 30 component stocks registered a negative closing. Investors were selling out, stay cautious and monitor the situation of the Europe zone debt. STI support at 3,120 was broken and next will be 3,040. Despite the selling down, Reits and Telco stocks were relatively resilient as compared to the rest of the stocks. Singapore announced April CPI and came in +4.5% vs +4.6% market expectation. Many expected Singapore inflation to be peaked already.