1. ST Engg +0.010
The top 5 loser component stocks were :-
1. JMH 400US$ -0.800
2. UOB -0.270
3. KepCorp -0.170
4. Jardine C&C -0.160
5. DBS -0.130
5. CityDev -0.130
US markets rebounded with at least +1% gain yesterday after jobless report indicating US labor market situation is improving despite a missing expectation figure. However, concern of the EU debt crisis still weighed on investors as yesterday Italian bond auction amount fell short of expectation. Asian bourses going into the last trading day for 2011 mostly positive but still down for the year. Nikkei closed +0.67%, SSE +1.19% with data indicating manufacturing output continued to contract for 2nd month in a row and speculation of Central Bank will be doing a RRR cut around the lunar new year period and HSI +0.20%. STI unfortunately closed down 0.99% in another thin volume day as window dressing weighed down on index stocks with only 1 register positive closing only. Funds definitely cashing out for their portfolio. Volume should be picking up next week when investors coming back from the festive holiday and important economic data in US and locally await next year. Next week Singapore will be announcing its first preliminary release of 4Q 2011 GDP as well as FY 2011 GDP.
For the year, STI fell 17.04%
