1. Jardine C&C +1.830
2. JMH 400US$ +0.630
3. CityDev +0.260
4. DBS +0.150
5. OCBC +0.120
5. KepCorp +0.120
The 3 loser component stocks were :-
1. GoldenAgr -0.020
2. JSH 500US$ -0.020
3. CapMallsAsia -0.005
US markets were again mixed and flat yesterday night but managed to bounce off low after better than expected home sales data offset sentiment on EU debt crisis ( G20 nations wanted EU to increase its bailout funds in exchange for committing to lending money to IMF to boast war chest ) and rising oil price due to middle east tension. Asian bourses took the cue and with crude oil price pulling back during the day and German Government approved of the latest Greece bailout rebounded from yesterday selling as bargain hunting came in. Nikkei closed +0.92%, SSE +0.20% and HSI +1.65%. STI recovered some of yesterday loss with a +0.78% closing in a thin volume day as total volume came in less than 2 billion with 26 of the 30 index stocks registered positive closing.
Despite the rebound in market, market still in range bound mode consolidating and the decline in volume indicating most are sideline waiting for clearer indication of direction. Market now preoccupied with issue from EU debt crisis and rising crude oil price due to Middle East tension. Tomorrow is also the day when ECB doing its second tranche of bond swap and investors are looking at what the amount will be.
