1. UOB +0.160
2. F&N +0.110
3. DBS +0.100
4. OCBC +0.080
5. CityDev +0.070
The top 5 loser component stocks were :-
1. JMH 400US$ -0.680
2. JSH 500US$ -0.530
3. Jardine C&C -0.500
4. HKLand US$ -0.090
5. StarHub -0.010
5. SembMar -0.010
5. Genting SP -0.010
5. Capitaland -0.010
5. CapMallsAsia -0.010
US markets closed average +1.50% last Friday after better than expected earning from JP Morgan and Well Fargo despite JP Morgan suffered the trading loss. Asian bourses were mixed for the day with Nikkei closed for holiday, SSE -1.74% and HSI +0.15%. STI mostly in positive region closed +0.11% just slight below the 3,000 level having opened above that in the morning. Total volume of the day however decreased as compared with past days while total value for the day also dropped below S$1b. 16 of the 30 index stocks managed to register positive closing.
Markets were torn between last Friday US markets performance and China Premier Wen Jiabao's comment that China economy rebound after the monetary easing yet to stabilize. With many expecting a profit taking and pull back from US markets tonight after last Friday strong ran up, investors were in no mood but rather cautious in chasing up the prices. That is majority of the people mindset currently. Focus on the individual stock ahead of their earning instead and not adopt the herd mentality.
