1. JSH 500US$ +0.300
2. DBS +0.130
3. F&N +0.070
4. HKLand US$ +0.070
5. Jardine C&C +0.060
The top 5 loser component stocks were :-
1. UOB -0.450
2. JMH 400US$ -0.430
3. SGX -0.150
4. KepCorp -0.130
5. SembCorp -0.100
5. OCBC -0.100
US markets closed mixed last Friday with S&P500 in positive while the other 2 in the red. Though, S&P500 closed above 1,400 but there is nothing to cheer about as the underlying of US economy and global economy still remained unchanged perhaps with a little improvement as compared 6 months ago. Asian bourses were mixed for the day with Nikkei closed +0.12%, SSE +0.23% and HSI -0.95%. STI remained above 3,000 level for most of the time but soon sink below that and closed at 2,990.09, a drop of 0.68% after European bourses opened and trading in the negative. IMF Chief warned of EU debt crisis is far from over and that remained the truth despite some relief of the recent events regarding Greece.
STI down 0.68% in a thin volume trade with only 8 of the 30 index stocks managed to inch out some gain. With lacking of any positive catalysts, it is difficult for market to resume the rally at the moment as STI and most of the stocks are in consolidation range. STI still have distance away from the bottom of the consolidation range while most of the stocks are moving towards the lower consolidation range respectively. As mentioned, shall not be overly optimistic or pessimistic and not chasing the market ( as mentioned last Friday ). Rather wait patiently at the supporting level or lower consolidation range and remain cautiously optimistic.
