1. Jardine C&C +1.430
2. UOB +0.290
3. OCBC +0.250
4. DBS +0.240
5. JMH 400US$ +0.200
The 4 loser component stocks were :-
1. StarHub -0.050
2. JSH 500US$ -0.050
3. SIA Engg -0.020
4. CapitaMall -0.005
US markets closed positive average almost 1% despite week economic data like jobless claims as hope of stimulus fueled the buying. Asian bourses mostly positive for the day ahead of Sunday Greek election. Nikkei closed +0.01% after BOJ decided not to launch any stimulus after the Greek's election. SSE +0.47% and HSI +2.26%. STI closed +1.34% in a rather thin volume with 24 of the 30 index stocks registered positive closing.
News of various Central Banks will have coordinated action to support the markets should outcome of the Greek's election signals Greece exit of Euro and default. That piece of news fueled global stock markets on the rise ahead of the Sunday election. That piece of news was yet to confirmed by the Central Banks and hence investors should not be over optimistic. Even if Central Banks do confirm such a news, the core of the EU debt crisis still remain that is austerity vs growth issue which are now spreading to Spain and possible Italy. As long as EU leaders yet to iron out measures or policies to stimulate growth, the action to cushion stock markets due to Greece is just a temporary stop gap measures. Remember whatever outcome from Geek's election, EU leaders still have much to do to tackle the debt crisis.
STI was pretty much short-covering that jacked up the stock prices as short-seller feared of Central Banks' action after the Greek's election. Most of the stocks closed with last minute high volume indicating rushing to clear position.
