1. UOB +0.320
2. JMH 400US$ +0.250
3. CityDev +0.250
4. DBS +0.210
5. OCBC +0.170
The top 5 loser component stocks were :-
1. Jardine C&C -0.450
2. JSH 500US$ -0.130
3. SIA -0.040
4. SPH -0.030
5. SingTel -0.020
5. StarHub -0.020
US markets fell average 0.5% last Friday paring off earlier gain by the better than expected non-farm payroll data ( number of jobs created in September exceed expectation but unemployment rate still at 9.1% ) after Spain and Itay rating were being downgraded by Moodys'. Over the weekend both German and French leaders met to discuss on the EU debt issue and vowed to come out solution before the next month G20 meeting. That sentiment slightly caused Asian bourses to be traded in positive region mostly. Nikkei was closed for holiday, SSE after 1 week break closed -0.61%, HSI last minute reversed to close +0.02% and STI managed to stay positive throughout in a thin volume day closed +1.06%. Investors continue to monitor the situation in EU to unfold and at the same time looking at the fore coming earning season which will be starting this week. Couple of important economic data from US this week like GDP figure also in focus.
STI might be continue to edge up but with volume tapering, upside could be limited. Singapore earning season will commence on 12th Oct with SPH the first blue chip releasing its result.
