1. DBS +0.060
2. StarHub +0.020
3. SembCcorp +0.020
4. SIA Engg +0.020
5. GoldenAgr +0.005
The top 5 loser component stocks were :-
1. JSH 500US$ -0.450
2. UOB -0.440
3. JMH 400US$ -0.240
4. CityDev -0.190
5. SIA -0.190
US markets closed at least +1.20% with ADP report indicating private sector hired more jobs than expected for last month and US Fed maintained low interest rate till 2013 and indicated knowing the downside risks involved, they will act if required to support the economy. Investors were relief from that offset the Greece's referendum issue. After market closed, EU leaders after holding talk with Greek PM signaled that if Greece wants the bailout aid, it will have to stick with the conditions else Greece will be out of Euro. The direct and frank statement weighed on investors on fear that Greece will be kicked out of Euro should the referendum vote fails and thereby private investors in Greek debt will be totally default. Asian bourses were in red from that incident. Nikkei closed for holiday, SSE bucked the trend closed +0.16% in hope of stimulus package being rolled out and HSI -2.49%. STI sank below 2,800 level to an intra-day low of 2780 before rebound to close at 2,810.04, fell 0.87%. Total volume for the day was moderate at 1.51 billion with 22 of the 30 index stocks registered negative closing. There was bargain hunting and probably short covering near close that pushed the index back above 2,800 level as European bourses and US future pared earlier loss. Investors are looking at today and tomorrow G20 Summit what plans or details being announced in relation to the EU debt crisis issue.
In the morning, Singapore 3rd bank OCBC reported its earning and like UOB missed expectation. With 2 out of 3 banks missing expectation, that somehow weighed on market sentiment. After market closed, SembMar also reported a lower than expected earning.
