1. Jardine C&C +1.140
2. JSH 500US$ +0.390
3. JMH 400US$ +0.290
4. OCBC +0.240
5. UOB +0.180
The 4 loser component stocks were :-
1. HKLand US$ -0.080
2. Genting SP -0.050
3. Capitaland -0.020
4. CapitaMall -0.010
US markets advanced at least 1.5% yesterday night with housing start data better than expectation couple with some better than expected corporate earnings. Asian bourses took the cue and traded mostly in positive region with exception of SSE with concern of inflation when its data showed growing momentum is there. Nikkei closed +1.17%, SSE -0.10% and HSI +0.46%. STI closed above the 3,120 resistance with +0.98% advance with a slightly heavy volume than other days. 26 of the index stocks registered positive closing with Jardine group and banking stocks leading the up. Apple reported a better than expected earning after market closed yesterday night and with possible US debt ceiling getting into some resolution, EU summit coming to resolve EU debt issue, investors could be anticipating for a resolution to all these problems be resolved this week. So far, STI support at 3,050 yet to be broken and with now moving above 3,120 resistance, the concern is if there is any pull back, can the level 3,080 provide a good support.
