1. JSH 500US$ +0.110
2. Jardine C&C +0.090
3. NOL +0.010
4. ComfortDelGro +0.005
The top 5 loser component stocks were :-
1. JMH 400US$ -1.160
2. UOB -0.280
3. KepCorp -0.220
4. CityDev -0.200
5. F&N -0.160
US markets fell at least 1% with concern of Europe debts could spread to Italy. Asian bourses also affected by the concern and all drop at least 1% for the day. Nikkei closed -1.43%, SSE -1.72% and HSI -3.06%. STI in line with regional bourses closed -1.28% with only 4 of the 30 index stocks managed to register a positive closing. Negative opening of European bourses ( at least down 1% ) and DJ future did not help the sentiment in the afternoon session too. However, there were some buying up near the closing of blue chips either by short-covering or bargain hunting which allowed STI to close off its intra-day low of 3,056.70.
Yesterday after US market closed, Aloca reported a better than expected earning to kick start US earning season but that did little to offset the bearish sentiment of the Europe debt concern. STI kicks start earning season with SPH reporting after market close
