1. Jardine C&C +0.260
2. UOB +0.180
3. KepCorp +0.100
4. DBS +0.080
5. SIA +0.080
The 4 loser component stocks were :-
1. JMH 400US$ -0.720
2. JSH 500US$ -0.100
3. CapMallsAsia -0.020
4. ST Engg -0.020
US markets closed mixed yesterday night as investors closed the 1Q2011 ahead of worries about Euro zone debt, Japan nuclear crisis and middle unrest when oil price moved up to US$106/barrel. Asian bourses however started the first day of 2Q mostly positive after China PMI showing strong growth easing concern of more tightening. Nikkei closed -0.48%, SSE +1.34% and HSI +1.17%. STI managed to stay above the 3,100 level and closed 3,120, a formed support turn resistance with 25 out of the 30 component stocks registered positive closing. Europe positive opening coupling with positive DJ future ahead of tonight US unemployment data ( expected to be good ) attract some bargain hunting. As earning season is about to start in middle of the month, a possibility is that fund managers are consolidating position ahead of the earning season.
