1. SIA +0.060
2. NOL +0.010
3. Genting +0.010
4. SMRT +0.010
The top 5 loser component stocks were :-
1. Jardine C&C -0.800
2. JMH 400US$ -0.680
3. JSH 500US$ -0.620
4. UOB -0.220
5. CityDev -0.200
US markets closed flattish yesterday night despite the selling down in Asian market and Egypt's president refused to immediately step down. Asian markets however, continued the selling but the selling pressure appeared to the easing as Asian markets closed mixed. Nikkei was closed for holiday, SSE continued its up with +0.33% and HSI managed to stage an intra-day reversal and closed +0.53%. STI was the unfortunately one having closed down for 5 days in a row with a -0.84%. STI hit an intra-day low of 3,054.34 and managed to rebound to the opening level tracking HSI rebound but with European markets opened in the red coupling with negative DJ future, the rebound could not sustain and closed -0.84% with only 4 of the component stocks managed to close positive. Funds are still selling, question is when they finish selling. STI might be due for a technical rebound for oversold soon. DBS reported its earning this morning with a better than expected result but investors were not very impressed with its. Investors are advise to watch out for market stability next week as that will indicate whether the funds selling have been finished. STI support is now at the 3,040 level which it tried to breakout twice last year.
