1. Wilmar +0.040
2. JSH 500US$ +0.040
3. GLP +0.010
4. SIA Engg +0.010
The top 5 loser component stocks were :-
1. Jardine C&C -0.400
2. JMH 400US$ -0.300
3. UOB -0.140
4. CityDev -0.140
5. DBS -0.120
5. KepCorp -0.120
US markets fell at least 1% last Friday after downgrade of Italian banks caused a stir offsetting some better than expected economic data. Asian bourses were mixed for the day with Nikkei closed -1.04%, SSE +0.44% and HSI -0.59%. STI closed -0.61% in a very thin volume trading day. While most bourses fell in line with US markets, China however was on its own after last Friday comment by Wen Jiabao that the Chinese Government is able to control the inflation giving indication that China might loosen monetary policies and re-focus back to economic growth. This has bring cheer to Chinese stocks which were beaten down for the past 6 months with a series of monetary tightening policies. The re-focus to economic growth for China should providing a lifting effect to rest of Asia economy. Meanwhile the Greece's debt issue still in focus.
