1. JMH 400US$ +0.760
2. Jardine C&C +0.540
3. DBS +0.450
4. UOB +0.300
5. SIA +0.300
The 5 loser component stocks were :-
1. HKLand US$ -0.280
2. JSH 500US$ -0.250
3. SPH -0.020
4. GLP -0.010
5. StarHub -0.010
US markets fell average 2.5% after Greece's Prime Minister Papanderou shocked the world with a referendum call to vote on the EU/IMF bailout package and whether Greece wants to be in Euro or not. Fear of Greece will be in total default if the referendum vote fails and that triggered the selling down with banking stocks leading the way. US ISM Mfg data also disappointed yesterday as it came in below expectation. Asian bourses opened in the red taking the cue but closed mixed as some bourses managed to reverse and close positive. Nikkei closed -2.21%, SSE +1.38% and HSI +1.88%. There was report that China Premier Wen Jiabao might be easing monetary policy as inflation cooling off so that it can spur the slowing growth in economy. That brought some relief to the market and hence some regional bourses managed to reverse earlier loss and close in the green. Furthermore, European bourses opened in the positive rebound from past 2 days selling off and together with positive US future ahead of tonight US Fed decision also help lifted the sentiment. Markets might have over-react to Papanderou referendum call as the G20 Summit on 3rd - 4th Nov might be able to provide more detail on that.
Singapore banks reported their earning today with a mixed set of result. DBS managed to beat expectation while UOB just missed it. OCBC will be releasing tomorrow. The better than expected DBS earning caused banking stocks to push up the index. Daily volume was more than 2 billions. Something to note was daily volume increased on up days while decreased on down days.
