1. KepCorp +0.580
2. Jardine C&C +0.520
3. UOB +0.380
4. DBS +0.180
5. OCBC +0.150
The 4 loser component stocks were :-
1. JSH 500US$ -0.120
2. SIA Engg -0.040
3. HKLand US$ -0.030
4. NOL -0.020
US markets closed mixed yesterday but a last hour buying up pared earlier losses as a series of weaker than expectation corporate earnings weighed on investors. Asian bourses however were mostly positive and in fact rebound strongly from past days of selling as bargain hunters came in. President Obama in his union speech proposed a series of freeze government spending to help the economy to recover. Tonight US Fed will announce its decision on rate and most expected to maintain at near 0%. Nikkei closed -0.60%, SSE +1.17% rebound from past days of selling and HSI +0.23% recovered from earlier loss. STI managed to stay positive throughout the day with the help of KepCorp, banking stocks and SingTel. KepCorp reported a better than expected earning yesterday while bank stocks should be moving up for Fed's decision on interest rate.
