1. CityDev +0.340
2. SGX +0.190
3. KepCorp +0.160
4. JSH 500US$ +0.150
5. CapMallsAsia +0.135
The top 5 loser component stocks were :-
1. JMH 400US$ -0.780
2. F&N -0.050
3. SingTel -0.030
4. SIA Engg -0.020
5. GLP -0.020
US markets managed to recover from earlier loss and closed positive on average of +0.10% as investors brushed off news of Greece. Asian bourses taking the cue with investors came back to bargain hunt and closing positive. Nikkei closed +1.10%, SSE +2.43% and HSI +1.54%. STI continued the advance from yesterday and closed +0.83% in another heavy volume day of 3.6b and total value also hitting above the S$2b market. 22 of the 30 index stocks managed to register positive closing.
No news mean good news, that was the current situation on Greece ( no confirmation of default or it manage to secure the second bailout funds ). Investors afraid of missing the run up came in bargain hunt and for those who shorted a sense of panic short-covering also. While it is too early to conclude the momentum can continue some more, do put a cautious in March when Greece could possible face default.
STI with yesterday closing has another 2 more index stocks forming golden cross ( SembMar and SembCorp ) and that bring it total number to 12/30 index stocks with golden cross currently. This figure should not be ignored as they will be forming the support for STI. Might have another component stock GLP forming golden cross too.
