1. SGX +0.100
2. Wilmar +0.080
3. GLP +0.070
4. F&N +0.070
5. SembCorp +0.060
The top 5 loser component stocks were :-
1. JMH 400US$ -1.050
2. JSH 500US$ -0.610
3. HKLand US$ -0.060
4. SIA -0.060
5. UOB -0.060
US markets were closed for labour day yesterday while European markets fell average 4% with concern of debt issue might lead EU to recession. Asian bourses after yesterday drop managed to rebound back for some and closed mixed for the day. Nikkei closed -2.21%, SSE -0.33% and HSI +0.48%. STI managed to reverse earlier loss of at least 2% and closed +0.04% in a thin volume day as bargain hunting came in. Positive opening of European bourses also help the sentiment a bit. Investors will be looking at Thursday President Obama's plan for job creation as well as over the weekend G7 Finance Ministers meeting over the resolution of global economy.
STI at the moment is supporting by the critical support of 2,650. If that is broken, a new downtrend will form and potentially fall to 2,400. As long as 2,650 still intact, STI is moving in range bound scenario.
