1. KepCorp +0.320
2. HKLand US$ +0.320
3. UOB +0.300
4. CityDev +0.240
5. SembMar +0.210
The top 5 loser component stocks were :-
1. JMH 400US$ -0.700
2. JSH 500US$ -0.600
3. Jardine C&C -0.160
4. DBS -0.050
5. CapMallsAsia -0.015
US markets rebounded at least 3% yesterday night as a sudden drop in jobless claims cheered investors and eased some concerns about the US economy. Asian bourses took the cue were opened in positive region but closed mixed. Nikkei closed -0.20%, SSE +0.45% and HSI +0.13%. STI finally managed to close positive after week of closing in the red. STI rebounded 1.94% closing at the immediate resistance of 2,850 with 24 of the index stocks managed to register a positive closing. However daily volume has declined to less than 2 billion as compared with past days of more than 2 billions. STI might have hit the lowest point at 2,720 yesterday and possible doing range bound when it consolidates. Therefore, volatile session is expecting for coming weeks. As earning season almost coming to an end, investors will turn to macro events for direction in the next few weeks. The US fear of recession and European debt issue still something investors worried about for the time being until some absolute solutions are being dished out to resolve that.
