1. JMH 400US$ +0.990
2. UOB +0.440
3. CityDev +0.350
4. JSH 500US$ +0.270
5. DBS +0.250
The 5 loser component stocks were :-
1. StarHub -0.030
2. CapitaMall -0.030
3. SingTel -0.020
4. HKLand US$ -0.020
5. GoldenAgr -0.005
US markets closed mixed yesterday night with both DJ and S&P500 in the red while Nasdaq slight positive as Greece debt swap talk breakdown and concern of default offsetting corporate earning. Asian bourses some resumed after the CNY break mostly traded in the positive region. Nikkei closed +1.12% despite reporting deficit for 2011 while SSE and HSI both still close for the CNY holiday. STI started the year of dragon with a "roar" rising +1.48% to 2,891.64 with 24 of the 30 index stocks registered positive closing. Volume was lower compared with last Friday but the total value came in more than total volume following the trend of last Friday indicating more buying into the $1 and above stocks and very much could be fund managers snapping up stocks. Again this has not been seen for past months when global markets were concerned on the EU debt issue.
Investors will be looking at tonight how US markets reacted to stronger than expected earning from Apple and US Fed's FOMC meeting in forecasting interest rate. At this junction, there is much divided between analysts that market coming to resistance and soon will be pulling back and the other camp of still have some room to move up.
