1. SembMar +0.050
2. F&N +0.040
3. NOL +0.030
4. OCBC +0.030
5. SIA Engg +0.020
The top 5 loser component stocks were :-
1. Jardine C&C -0.600
2. JMH 400US$ -0.310
3. CityDev -0.170
4. SIA -0.120
5. JSH 500US$ -0.120
US markets closed flat last Friday easing off earlier gain despite the unemployment rate dropped to 8.6% for November. Asian bourses were mostly positive for the day as hope of some good news emerges in the coming EU Summit on 9th Dec. Nikkei closed +0.60%, SSE -1.16% still concerning about the slowing down in its manufacturing activities and HSI +0.73%. STI was one of those regional bourses closed in the red in a very thin volume and quiet session. STI -0.26% with total value of the day less than S$ 1 billion and only 11 of the 30 index stocks registered positive closing. Investors still cautious of the EU debt crisis and at the same time the slowing down in China did a concern for Singapore in particular its export activities after being hit by US and Europe region.
While not expecting any bad news emerges from the EU Summit, expectation of a quick-fix solution should also be ruled out after Germany series of resistance call for joint-Euro bond and bigger ECB role. However, expectation of another small positive step towards resolving the crisis should be in the line from the Summit. There will also be a meeting between Germany and French leader tonight and investors will be looking at the outcome of it for possible what will being proposed in the coming Summit.
