1. JSH 500US$ +1.700
2. JMH 400US$ +1.430
3. Jardine C&C +0.480
4. OCBC +0.330
5. CityDev +0.320
The 5 loser component stocks were :-
1. SingTel -0.040
2. SGX -0.020
3. GoldenAgr -0.010
4. Olam -0.010
5. SIA -0.010
US markets closed at least +1.5% yesterday night with jobless claims dipped below 400,000 level and factory activities expanded more than expected. However, the 2 mega events yesterday were Greek Prime Minister Papanderou flip-flopped by canceling the referendum vote on accepting bailout funds and ECB cut interest rate by 25 basis point as foreseeing EU entering mild recession. Asian bourses rose with those news. Nikkei closed +1.86%, SSE +0.81% and HSI +3.12%. STI at one point rose 2% but with long weekend ahead, investors selling off to book gain on close but still managed to close +1.36% with 23 of the 30 index stocks registered positive closing. Daily volume was however moderate as investors still cautious ahead of tonight US employment data and outcome of G20 Summit. Investors would not want to caught wrong footed during the long weekend though.
US unemployment rate should be flat and outcome of G20 Summit should not have any surprised that could cause market into tailspin. Investors will be looking at more details on the EU rescue issue.
