1. Jardine C&C +0.720
2. UOB +0.280
3. KepCorp +0.260
4. JMH 400US$ +0.230
5. CityDev +0.200
US markets closed in the red last Friday while most of the global markets that opened yesterday ended up with gain for the 1st day of 2012. Asian bourses mostly positive for the day with Nikkei and SSE still close for holiday and will only reopen tomorrow and HSI +2.40%. STI rebounded from last Friday drop of about 1% and closed +1.59% in a much healthier volume than last week. All 30 of the index stocks registered positive closing. This morning, MTI announced Singapore 4Q2011 and 2011 GDP coming in -4.9% and +4.8% respectively. The +4.8% FY growth came in slightly below the +5% estimate nevertheless.
Starting the new year will be European issue and US economic data in focus and might want to keep a close watch on China this month of a probability of RRR cut. There will be a meeting between Germany and France leader on 9th Jan and that should be closely watch. End of the week US unemployment data is another on investors' radar.
STI did manage to start the new year with a gain despite the weak GDP figure. However, do cautious that such a gain might not be sustainable as global markets still lack the catalyst to move up further.
