1. JSH 500US$ +0.240
2. CityDev +0.100
3. UOB +0.090
4. OCBC +0.080
5. HKLand US$ +0.080
The 4 loser component stocks were :-
1. JMH 400US$ -0.120
2. GLP -0.040
3. ST Engg -0.020
4. Olam -0.010
US markets closed positive yesterday night after a better than expected jobless claims data. Asian bourses were mostly positive for the day despite crude oil price hitting US$110/barrel after news of Saudi pipeline burst. Nikkei closed +0.72%, SSE +1.43% ahead next week CCP meeting whereby Chinese leaders pen out growth plan and HSI +0.81%. STI in line with regional bourses up 0.49% in another thin volume day of less than 2 billion with 21 of the 30 index stocks registered positive closing.
Lack of volume indicating mostly sideline while markets range bound according to news/events after corporate earnings come to a close. Investors will also be looking at the outcome of the EU Summit to see what other measures in particular increasing the bailout funds for EFSF from EU leaders.
