1. Jardine C&C +1.740
2. JMH 400US$ +1.640
3. JSH 500US$ +1.050
4. KepCorp +0.420
5. HKLand US$ +0.400
The top 5 loser component stocks were :-
1. SingTel -0.050
2. ST Engg -0.040
3. StarHub -0.030
4. UOB -0.030
5. GLP -0.025
US markets closed at least +1.5% yesterday night as a better than expected jobless claims coupling with previous day better than expected ADP data fuel some positive sentiment to investors for tonight unemployment rate data. With ECB maintained its interest rate at 1.5% and pledged to extend loan to banks for 1 more year, also continued to purchase covered bond have eased investors concern of the EU debts as indication of a firewall is being setting up to recapitalize the banks should Greece default in November. That events also helped to push stocks higher. Asian bourses continued the advance with positive cue from US & Europe overnight. Nikkei closed +0.98%, SSE still closed for holiday and HSI +3.11%. STI closed +1.43% in moderate volume but failed to move above the 2,650 level in which it was a critical support before being broken down. Index stocks were mixed for the day as investors also taking off profit from past 2 days rebound as a pre-cautious for tonight US unemployment data. Recent news and events might have shifted the sentiment towards positive bias but the EU debt issue and US high unemployment rate which barriers US growth still not out of the wood. Investors have to be cautious in chasing for stocks as might hitting resistance soon.
