1. JMH 400US$ +0.540
2. JSH 500US$ +0.420
3. Wilmar +0.050
4. CapMallsAsia +0.050
5. F&N +0.040
The top 5 loser component stocks were :-
1. Jardine C&C -0.560
2. CityDev -0.200
3. UOB -0.120
4. SIA -0.100
5. HKLand US$ -0.100
US markets continued to move up yesterday night achieving new high since 2008 as news of President Obama proposed corporation tax cut help the buying. Asian bourses less SSE ( still on holiday for CNY ) were mixed with Nikkei +0.41% and HSI -0.29%. STI continued its second day of pulling back closed -0.21% in a very thin volume day. Market lacking of catalysts to move up as investors awaiting for banks earning. STI moving in a symmetrical triangle formation with apex at 3,240 and a triple base supported at 3,120. STI is at the moment the lower boundary of the triangle and might rebound from there. Failure to breakout from the triangle at 3,240 will result in further range bound trading days.
