1. JMH 400US$ +1.080
2. JSH 500US$ +0.460
3. SIA +0.320
4. Jardine C&C +0.280
5. UOB +0.190
The top 5 loser component stocks were :-
1. Wilmar -0.050
2. SembCorp -0.030
3. CityDev -0.010
4. CapitaMall -0.005
5. ComfortDelGro -0.005
US markets rebounded yesterday night but was relatively flat as investors still cautious. Investors were speculating there is a possibility that this Friday US Fed might announce some form of stimulus program. However, do note that there is also a possibility US Fed might not do anything given that inflation has increased as compared with last year. Asian bourses also enjoyed a relief rally which Nikkei closed +1.22%, SSE +1.52% after HSBC released an upbeat preliminary PMI data and HSI +1.99%. With European bourses opening at least +1% and DJ future also indicating similar amount, STI in line with regional bourses reversed an earlier drop to close +1.22% with 25 of the 30 index stocks register positive closing. Volume though was thin as bargain hunting still on cautious mode. In the afternoon, Singapore released CPI data showing July inflation hit high of 5.4% vs 5.0% expected.
