1. Jardine C&C +1.180
2. DBS +0.130
3. F&N +0.120
4. UOB +0.110
5. Wilmar +0.090
The top 5 loser component stocks were :-
1. JMH 400US$ -1.500
2. JSH 500US$ -0.480
3. SembMar -0.030
4. KepCorp -0.020
5. NOL -0.020
5. SingTel -0.020
US markets advanced at average at least 1% yesterday night with better than expected earning from Caterpillar and also anticipation of this Wednesday EU leaders could come out a comprehensive package to tackle the debt issue. Asian bourses after yesterday rally, took some breather with Nikkei closed -0.92%, SSE +1.66% and HSI +1.05%. STI swing between positive and negative as investors chose to take profit stay cautious ahead of tomorrow public holiday. STI closed +0.33% with 22 of the 30 index stocks managed to registered positive closing. In the afternoon Singapore reported a better than expected September manufacturing output of +12.8% vs +9.7% expected.
Investors will be focus on this Wednesday what EU leaders could produce to resolve the EU debt crisis. What investors looking at will be amount of haircut investors need to take on Greece debt, the amount required to recapitalize the banks in the face of Greece's haircut and how much will the EFSF be enlarged.
