1. JMH 400US$ +2.470
2. Jardine C&C +0.610
3. DBS +0.240
4. F&N +0.170
5. CityDev +0.150
The top 5 loser component stocks were :-
1. HKLand US$ -0.070
2. Wilmar -0.030
3. StarHub -0.020
4. SembMar -0.020
5. SIA -0.020
US markets closed average up at least 1% after better than expected economic data in jobless claim, manufacturing and housing data coupled with news of Greece getting closer to get the bailout funds. Asian bourses after yesterday selling down took the cue and traded in positive region for the day. Nikkei closed +1.58%, SSE +0.01% and HSI +1.01%. STI rebounded 0.79% to finish at the 3,000 level with 20 of the 30 index stocks registered positive closing in a moderate volume day as bargain hunter and short-covering contributed to the rebound.
The flip-flop in Greece bailout deal for past days really swing the markets from one way to another. While avoiding to speculate what will be the eventual outcome on 20th Feb, investors best to look at the implication of the possible outcomes in a longer time frame ( ie get or do not get the bailout funds ).
Singapore this morning reported an unexpected fell in non-oil export for the month of January mainly due to the fall out from Europe. Singapore FM was also giving a Budget speech this afternoon with a bigger surplus for FY2011 as compared to previously estimated and briefly touched on measures to reduce dependence on foreign labor, restoring CPF employer contribution and rebate to medisave account, etc
