1. UOB +0.400
2. JSH 500US$ +0.360
3. OCBC +0.180
4. KepCorp +0.160
5. DBS +0.160
The top 5 loser component stocks were :-
1. Jardine C&C -0.220
2. HKLand US$ -0.100
3. SGX -0.090
4. CityDev -0.020
5. StarHub -0.020
US markets moved up average 1% yesterday night after data showed that private sector hired more job than expected last month and also service sector expanded to highest level in last month. Asian markets however were mixed to that performance. Nikkei closed +1.44%, SSE -0.51% and HSI +0.12%. STI taking the cue from the job data from US broke the 3,260 barrier hitting intra-day high of 3,280 and closed +0.78% at 3,279.70 with banking stocks leading the buying up. Investors will be looking at tomorrow night US unemployment rate to determine the effect of the QE2 and economy recovery strength. While STI has moved up 4 days in a row since the start of year 2011, the risk of pulling back is also higher. STI currently being resistance at the recent high of 3,313 with support established between 3,200 - 3,220.
