1. Jardine C&C +1.340
2. JSH 500US$ +0.390
3. UOB +0.090
4. KepCorp +0.070
5. NobleGrp +0.010
The top 5 loser component stocks were :-
1. JMH 400US$ -0.530
2. CityDev -0.190
3. SIA -0.100
4. SembMar -0.070
5. F&N -0.070
5. DBS -0.070
US markets closed mixed last Friday as investors still concern about the US debt ceiling. Over the weekend, no agreement was reached on the US debt ceiling and hence Asian bourses were trading in the negative region for the day. Nikkei closed -0.81%, SSE -2.96% and HSI -0.68%. STI fell to 3,150 and managed to find support there and closed at 3,171.55 with only 5 of the index stocks managed to register a positive closing. A reverse in European bourses help to rebound STI from low in the later part of the afternoon. In the afternoon Singapore reported its CPI at +5.2% for June in line with expectation. Market are still awaiting for any total resolution of the US debt ceiling as 2nd August is just next week away. So far STI managed to hold on to the immediate support at 3,150 and should that failed to hold, 3,120 and 3,080 are the next 2 support levels. Investors will be monitoring closely for tonight US markets' reaction to the no deal on the US debt ceiling.
