1. CityDev +0.060
2. ST Engg +0.050
3. SIA Engg +0.040
4. StarHub +0.020
The top 5 loser component stocks were :-
1. JMH 400US$ -0.570
2. UOB -0.410
3. Jardine C&C -0.390
4. DBS -0.280
5. SIA -0.170
US markets closed mixed last Friday given out earlier gain after rating agency warned of downgrading France and other EU nations. Asian bourses with concern of the EU debt crisis traded in the negative region for the day but mostly off their low. Nikkei closed -1.26%, SSE -0.30% ( after weekend report of China November home price fell to the lowest since 2008 ) and HSI -1.18%. Report of North Korea leader Kim Jong Il passed away also sent South Korean market tumbled. Europe markets were relatively flat with US future on the positive ahead of tonight EU Finance Ministers meeting with agenda how to inject 200b euros into IMF for the EU debt crisis. STI in line with regional bourses fell 1.55% in a very thin volume day as total volume came in below 1 billion. Only 4 of the 30 index stocks managed to register positive closing. While investors see no catalysts to move the market higher with all the uncertainties in EU debt crisis, from fundamental point of view, some of the blue chips price are at an attractive valuation. Investors would need patience and holding power to ride the volatile market for the time being,
