1. CityDev +0.290
2. UOB +0.160
3. SIA +0.140
4. KepCorp +0.140
5. F&N +0.130
The 3 loser component stocks were :-
1. JMH 400US$ -0.640
2. StarHub -0.050
3. SingTel -0.040
US markets closed in the red yesterday night with average 0.5% drop as concern on the Greece's debt weighed over investors given that over the weekend EU Finance Ministers meeting failed to produce any action to resolve the EU debt issue. S&P this morning downgraded Itay's rating. Asian bourses tracking US lose opened in the negative but close mixed. Nikkei closed -1.61%, SSE +0.41% and HSI +0.51%. STI managed to recover from loss with immediate support at 2,750 managed to close +0.86% with 25 of the 30 index stocks registered positive closing led by banking, offshore/marine, property and commodity stocks. Positive opening from European bourses helped lifted the bearish sentiment in the later part of the days. Investors in general still cautious ahead of the outcome of the US Fed meeting as daily volume was slightly low and total value of the stocks for the day fell below S$1 billion indicating heavy trading on the penny stocks rather than the big caps.
