1. JMH 400US$ +0.500
2. SembCorp +0.070
3. SIA Engg +0.020
4. Olam +0.010
5. ComfortDelGro +0.010
The top 5 loser component stocks were :-
1. JSH 500US$ -0.320
2. SIA -0.200
3. CityDev -0.140
4. KepCorp -0.120
5. OCBC -0.110
5. UOB -0.110
US markets fell at least 0.80% yesterday night as concern of the EU debt again weighed on investors. Italian bond yield rose, Greek new Parliament probably faced resistance with new austerity vote this Wednesday and US Fed economist raised the possibility of US entering recession in early 2012 to more than 50% due to EU debt crisis. While there is no concrete evident to show that US can go into recession in early 2012, the case of US entering recession would be determined by the server of the EU economy. Should it be a mild EU recession, US should not entering recession. Furthermore, despite the fact that EU debt crisis still far from being totally resolved, EU leaders are aware of the systemic risk that the debt crisis could bring to the world and is now working on all possibility to stem it out. Again, too early to conclude the recession scenario. Asian bourses after yesterday rallied pull back without any doubt. Nikkei closed -0.72%, SSE +0.04% and HSI -0.82%. STI fell 0.66% in a moderate volume day with the total value of transaction less than S$1 billion as investors are being cautious and staying sideline. Only 6 of the 30 index stocks managed to register positive closing.
