1. SIA +0.020
2. SIA Engg +0.010
3. ComfortDelGro +0.005
The top 5 loser component stocks were :-
1. JMH 400US$ -0.630
2. Jardine C&C -0.580
3. UOB -0.250
4. JSH 500US$ -0.170
5. DBS -0.100
US markets closed mixed with both DJ and S&P500 in the red while Nasdaq in the positive after announcing a better than expected unemployment data with unemployment rate dropped to 8.5% and job created of 200k in December exceeding expectation. However, that is nothing to be surprised of or become over optimistic. If according to the current rate of job creation, US still need at least 2 years to reclaim all the jobs lost during the 2008-2009 period and not to mention they have lost 2 years in 2010/2011 to create jobs after 2 round of stimulus packaging ( QE1 and QE2 ). Asian bourses were mixed for the day. Nikkei closed for holiday, SSE +2.89% after weekend report of money supply growth exceed estimates and HSI managed to reverse earlier loss to close +1.47%. STI was one of those regional bourses ended in the red with a drop of 0.90% with only 3 of the index stocks managed to register positive closing. Profit taking was observed as investors stay cautious ahead of tonight Germany and French leader meeting regarding the EU debt crisis.
Investors should not be over optimistic about the US economy data and also not to be over pessimistic about the EU debt crisis either. Despite the rally in the first week of January, market still in range bound mode and volume was relatively thin and lacking the momentum to breakout of the range to the upside.
