1. JSH 500US$ +0.500
2. UOB +0.310
3. KepCorp +0.190
4. DBS +0.160
5. CityDev +0.150
The 5 loser component stocks were :-
1. JMH 400US$ -0.600
2. Jardine C&C -0.220
3. Wilmar -0.060
4. SembCorp -0.010
5. SingTel -0.010
US markets closed mixed last Friday with both DJ and S&P500 in positive while Nasdaq slipped due to Apple. Investors were cautious with bias towards a Greece deal on Monday. Over the weekend, China announced cutting its banks RRR by another 50 basis points, another measures to loosen monetary policy to spur growth. Asian bourses were cheered by the news and traded in the positive region raising 1% but soon faded and closed mixed as investors took cautious stand towards tonight decision on Greece bailout. Nikkei closed +1.08%, SSE +0.27% and HSI -0.31%. STI was able to maintain above the 3,000 level and closed +0.69% in another moderate volume day with 22 of the 30 index stocks registered positive closing. A better than expected OCBC earning this morning also helped the sentiment.
US markets will be closed tonight while EU bourses were mostly opened positive ahead of the Greece's decision. Markets might have muted reaction to the Greece's deal even if it managed to secure the bailout and after a strong start of the year, markets should be entering consolidation phases as recent events/news were all old news and nothing new or unexpected that could trigger a wild swing in global stock markets.
