1. JSH 500US$ +0.510
2. UOB +0.450
3. DBS +0.290
4. KepCorp +0.210
5. OCBC +0.170
The top 5 loser component stocks were :-
1. Jardine C&C -0.770
2. JMH 400US$ -0.270
3. SIA -0.100
4. Wilmar -0.080
5. HKLand US$ -0.020
5. SGX -0.020
US markets advance another 3% yesterday night as sentiment was improved with the vow made by German and French leaders over the weekend about coming out plans before next month G20 meeting to tackle the EU debt issue. Note also, there isn't any detail plan yet, market rallied on "hope". Asian bourses took the cue also traded in positive region but pared off gain in the closing stage. Nikkei closed +1.95%, SSE +0.16% and HSI +2.43%. STI hit resistance at 2,730 and pared off gain to close just below 2,700 level with a +0.93% gain. Total volume was higher than yesterday but investors have to take cautious. Markets have rallied for past days for the "hope" and appeared to be running out of steam and could be pulling back soon. Investors also will be focusing on corporate earnings with Alcoa announcing tonight for US and SPH tomorrow for Singapore. Most expect the 3Q earning to be worse of as compared to 2Q.
As markets could be pulling back, investors advised not to rush into buying on dip, observe for stability and support levels before committing.
