1. Jardine C&C +1.120
2. CityDev +0.260
3. DBS +0.120
4. F&N +0.090
5. CapitaMall +0.040
5. SembMar +0.040
The top 5 loser component stocks were :-
1. KepCorp -0.200
2. JSH 500US$ -0.200
3. JMH 400US$ -0.120
4. Wilmar -0.040
5. SingTel -0.020
5. Olam -0.020
US markets closed flat and mixed yesterday night with both DJ and S&P500 were in slight positive while Nasdaq in the red as the slow in US economy still weigh on investors. Asian bourses were flat on open while waiting for China economic data to be released. China reported an inflation for May to be 5.5% in line with expectation while industry production rose more than expected. This has provided a lift in SSE and regional boureses after the release of the data. Nikkei closed +1.05%, SSE +1.10% and HSI -0.05%. After market closed, China announced increase bank reserve ratio by another 50 basis point to curb inflation and that triggered some selling down in HSI which caused in to close in the red. STI also reacting to that news turned from positive region to close -0.05% in a very thin volume trade day with less than 1 billion transacted. European bourses and DJ future however reacted positively to China economic data with a firm opening of at least 0.5%. Investors will be looking at how US tonight digest to China economic data and its own economic data of retail sales and PPI. STI hit the support of 3,040 this morning and do a rebound indicating the support at 3,040 could be the bottom at the moment. Market in general could be hitting a bottom this week and then rebound.
