1. CityDev +0.540
2. Jardine C&C +0.380
3. SGX +0.290
4. DBS +0.280
5. JSH 500US$ +0.260
The only loser component stock was :-
1. CapMallsAsia -0.050
US markets closed at least +0.5% as news of Japan nuclear situation stabilizing and also UN no-fly zone on Libya being enforced. Furthermore, US Fed allowed US banks to raise dividend payout also lifted the sentiment. Asian bourses were positive for the day. Nikkei was closed for public holiday, SSE +0.08% which sentiment still hurt by China raised bank reserve ratio by 50 basis point over the weekend and HSI +1.73%. STI moved up +1.63% as news on Japan and middle east unrest eased attracting bargain hunter coming in. 28 of the 30 component stocks closed positive. Despite the 1.63% rise, investors still cautious on the Japan nuclear issue and middle east unrest. With end of the month just 8 days away ( 1Q2011 ), there is a possibility of window dressing by fund managers. Technically, STI showed positive divergence with RSI/Stochastic indicating rebounding on the way. Do also keep watch of possible inverted head-shoulder formation with the neckline at 3,110.
