1. JMH 400US$ +1.260
2. Jardine C&C +0.740
3. JSH 500US$ +0.460
4. DBS +0.220
5. UOB +0.180
The top 5 loser component stocks were :-
1. Capitaland -0.050
2. SGX -0.040
3. KepCorp -0.020
4. SembCorp -0.020
5. F&N -0.010
5. CapMallsAsia -0.010
5. GLP -0.010
5. Wilmar -0.010
US markets continued to move up yesterday night due to China trade data easing concern of slow growth and Microsoft acquired Skype deals. Taking the cue, Asia bourses started off in the green but when China CPI data out ( 5.3% vs 5.2% expected ) concern of more tightening weighed down SSE and HSI. Nikkei closed +0.46%, SSE -0.25% and HSI -0.19%. STI closed positive 3 days in a row after the general election, registering a +0.66% with a slightly more volume crossing the 1 billion level. Bank stocks again leading the buying up. The heavy weights are reporting their earning these few days with SIA Engg yesterday, SembCorp, NobleGrp, ST Engg and CityDev today. SIA, SingTel, OCBC, Genting and Olam tomorrow. NOL, ComfortDelGro, Wilmar and GoldenAgr due Friday. Direction of STI for this week will probably dictate by these earnings. Immediate resistance is at 3,200 while support is at 3,040.
