1. Jardine C&C +1.040
2. JSH 500US$ +0.340
3. JMH 400US$ +0.170
4. KepCorp +0.070
5. UOB +0.050
The top 5 loser component stocks were :-
1. CityDev -0.230
2. SIA -0.09
3. Wilmar -0.070
4. SingTel -0.040
5. F&N -0.040
US markets fell at least 2% yesterday ahead of Thanksgiving holiday as economic data on jobless claims, personal spending, etc were mixed. Furthermore, Germany's bond auction was met with cool response as only 65% of that being taken up by investors. Concern of Europe debt crisis could eventually hit Germany triggered fear in the stock markets. Asian bourses initially opened in the red but closed mixed. Nikkei closed -1.80% after closing for holiday yesterday, SSE +0.10% and HSI +0.40%. STI swing between negative and positive and closed flat with a +0.02% gain as investors selling off near close as US will not have market tonight as a pre-cautious. European bourses opened positive rebound from yesterday selling off as Germany GDP came in meeting expectation and business confidence also unexpectedly rose.
While the core issue of EU debt crisis still remain and US economy has been only a slow growth, investors will be very cautious and extremely sensitive to news/events. There is possibility of over-reaction to bad news while cautious of rebound making stock markets volatile and range bound.
