1. Jardine C&C +1.420
2. JSH 500US$ +0.180
3. OCBC +0.130
4. UOB +0.120
5. F&N +0.110
5. KepCorp +0.110
5. SIA +0.110
The top 5 loser component stocks were :-
1. JMH 400US$ -0.160
2. StarHub -0.050
3. HKLand US$ -0.050
4. CityDev -0.030
5. Wilmar -0.020
US markets rebounded yesterday due to better than expected economic data in particular jobless claims fell more than expected. Asian bourses mostly closed positive today rebounding from past days of selling off. Nikkei closed +0.29%, SSE +2.01% and HSI +1.43%. STI in line with regional bourses closed +0.91% with 23 of the 30 index stocks registering positive closing. Window dressing was the reason for the positive closing and volume was slightly more than past days. From the bigger picture, nothing much has changed in EU debt crisis, in US and China. With sign of window dressing detecting today, next 2 weeks markets might be consolidating for more window dressing unless some unexpected events/news that will dent the sentiment. Stocks with sound fundamental should be the focus of window dressing by fund managers.
