1. JMH 400US$ +2.200
2. Jardine C&C +0.840
3. JSH 500US$ +0.400
4. UOB +0.360
5. HKLand US$ +0.180
5. DBS +0.180
5. KepCorp +0.180
The 2 loser component stocks were :-
1. ST Engg -0.040
2. CapMallsAsia -0.030
US markets closed mixed for the last trading day of 2010 but overall still recorded at least +10% for the year. Asian bourse starting the new year will an upbeat sentiment as investors came in bargain hunting coupling with funds opening account books for the new year ahead of the coming earning season in the middle of the month. Nikkei and SSE were closed for holiday while HSI closed +1.74%. STI recovered from last Friday last minute drop and closed +45.73 points or +1.43% hitting past the 3,220 resistance with a 2.17b of volume. Despite the high volume, total value still under S$1.5b as investors trading on penny stocks. Fund managers snapping up bargain blue chips causing 26 of the 30 index stocks to register a positive closing. This morning, Singapore released its 4Q 2010 GDP of +6.9%, lower than expected and +14.7% for FY 2010, lower than expected but still recording the best ever sharp increase in Singapore history.
