1. Jardine C&C +0.840
2. JMH 400US$ +0.560
3. UOB +0.220
4. SIA +0.140
5. HKLand US$ +0.130
The top 5 loser component stocks were :-
1. SGX -0.050
2. GLP -0.040
3. JSH 500US$ -0.040
4. SingTel -0.020
5. SembMar -0.010
5. ComfortDelGro -0.010
5. SembCorp -0.010
US markets reversed earlier loss and managed to close positive with on average +0.5% gain as earlier worse new home sales data weighed on the market. With oil price hitting US$105, power and energy stocks help to reverse the loss. Asian bourses were relatively mixed and flat. Nikkei closed -0.15% as the nuclear crisis with concern of food contamination issue weighed on. SSE closed -0.06% and HSI +0.39%. STI in the morning dipped into negative region but above the 3,000 level due to profit taking but later bargain hunting managed to offset the profit taking portion. STI closed +0.69% with 19 of the component stocks managed to register positive closing. STI might be taking a pause tomorrow as investors cautious on taking position over the weekend will be taking profit. Immediate support will be the 3,000 level. With investors might be putting middle east unrest and Japan nuclear crisis aside, new events on the Eurozone debt again resurfaced as Portugal PM resigned after failed the parliament failed to pass through the budget cut plan and Moody downgraded Spain's bank rating. In April ECB will be doing a rate hike too weighed on investors on the European side. These events might trigger a pull back on the stock markets. Meanwhile, investors are to look out for possible 1Q2011 window dressing next week.
