1. JMH 400US$ +1.100
2. Jardine C&C +0.590
3. KepCorp +0.320
4. HKLand US$ +0.300
5. SembMar +0.230
The 3 loser component stocks were :-
1. SIA Engg -0.070
2. F&N -0.050
3. StarHub -0.010
US markets advanced another at least 1% last Friday following a better than expected retail sales figure and optimism of something will be done for the EU debt during the 2 days G20 meeting. In the G20 meeting, talks of EU must have a plan by 23rd Oct to resolve the debt issue brought relief to investors. Asian bourses taking the cue also traded mostly positive for the day. Nikkei closed +1.50%, SSE +0.37% ahead of tomorrow GDP figure and HSI +2.01%. STI advanced another 1.27% with 25 of the index stocks registered positive closing. Volume was moderate. Many are expecting a pull back given the market rallied for past days already. However, do keep option opens that, market hit the bottom some 2 weeks ago. As earnings season started last week, investors will be looking at both corporate earnings as well as global events for direction of the market.
Also note that currently most funds are under vested in equity in their portfolio and if EU debt issue slowly resolves, funds could be pouring back to the market as end of the year is just about 2.5 months away.
