1. Jardine C&C +0.750
2. JSH 500US$ +0.530
3. JMH 400US$ +0.300
4. HKLand US$ +0.050
The top 5 loser component stocks were :-
1. UOB -0.320
2. KepCorp -0.240
3. CityDev -0.210
4. DBS -0.170
5. SembMar -0.150
US markets closed at least +1% yesterday night but endure a last hour sold down of 1% given up earlier gain of 2%+ after news of there was split within the EU members regarding the bailout of Greece. Some of the members wanted private investors to take more default. This piece of news offset news that Greek Government passed the new property tax bill and talk between Greece and German leaders pledged that Greece will get the help and remain in Euro. Asian bourses after yesterday rally were mixed for the day as jittering on the EU debt issue coupled with profit taking kicked in. Nikkei closed +0.07%, SSE -0.95% and HSI -0.66%. STI fell 0.91% with 26 of the 30 index stocks ended in the red.
STI at the moment is trading within the falling wedge formation in the weekly chart. Should it breaks the 2,680, it should void the formation and causes more downside. A break above 2,760 would be breaking out of the formation and moving higher with resistance at 2,850, 2,900 and 2,920 level.
