1. JMH 400US$ +1.390
2. JSH 500US$ +0.640
3. UOB +0.230
4. CityDev +0.150
5. DBS +0.100
The top 5 loser component stocks were :-
1. Olam -0.030
2. KepCorp -0.020
3. Jardine C&C -0.010
4. GLP -0.010
5. NobleGrp -0.005
5. Genting SP -0.005
US markets again closed in the red giving up earlier gain led by tech stocks after several tech companies issue forecast warning. Italy current PM Monti also signaled will not run for 2nd term as PM and that spooked some fear into investors regarding EU issue. Asian bourses were mixed for the day with Nikkei closed -0.08%, SSE +0.51% and HSI +0.12%. STI again outperformed regional bourses with a +0.83% closing in a volume exceed 2b, the highest since March. 20 of the 30 index stocks managed to register positive closing.
Several news were on the negative side but investors chose to focus on the coming earning season especially for STI. During earning season, market tends to "decouple" from regional bourses and this investors should know and not blindly trading on STI by following regional bourses.
As mentioned before, buy during dips for earning season in STI, should you miss the dip, you will have to check whether current price is it too risky to go in.
You need a strategy to trade in earning season. It is still not too late to come out one as STI earning season yet to start.
