1. JMH 400US$ +1.160
2. JSH 500US$ +0.660
3. HKLand US$ +0.250
4. Olam +0.100
5. SembMar +0.090
The top 5 loser component stocks were :-
1. SIA -0.240
2. F&N -0.230
3. UOB -0.180
4. KepCorp -0.160
5. SembCorp -0.140
5. DBS -0.140
5. CityDev -0.140
US markets closed positive last Friday as crude oil price pulled back. Asian bourses were mostly positive for the day with Nikkei closed +0.92%, SSE +0.92% and HSI +1.42%. STI however was unfortunately not to close positive and instead down 14.65 points but maintain above 3,000 level with only 10 of the index stocks managed to close positive. The middle east unrest still cause some market nervous and with crude oil price rose to US$99/barrrel in the afternoon, coupling with weak European markets opening, investors sold off and maintain cautious. There was also sign of window dressing probably due to fund managers adjusting their portfolio for the month end. The window dressing acted mostly like fund managers selling off share to lock in profit or finalizing their portfolio exposure to the Singapore market. Market is currently focusing on the middle east unrest rather on the fundamental of the economy and as such, behaving more like side way trend at the moment.
